Suppose at age 22 mort starts investing 200$ at the end of each month into a savings plan with an apr of 2.9% and he continues to do so through the next 43 years ( planning to retire at age 65). How much will be in his savigns plan towards retirement? How much of his balance was from the interested loans

Answers

Answer 1

Answer:

Kindly check explanation

Step-by-step explanation:

Given the following :

Monthly Payment (PMT) = 200 at the end of each period

interest rate = 2.9% = 0.029/12 = 0.0024166

Period (n) = 43 years x 12 = 516

Using the future value(FV) of an ordinary annuity:

FV = PMT[(1 + r)^n - 1] / r

FV = 200[(1 + 0.0024166)^516 - 1] / 0.0024166

FV = 200[(1.0024166)^516 - 1] / 0.0024166

FV = 200(2.4745372) / 0.0024166

FV = 204,794.93

Amount which will be in saving plan towards retirement = $204,794.93

Interest amount :

$204,794.93 - total monthly deposits

$204,794.93 - (200 * 516)

$204,794.93 - $103,200

= $101,594.93


Related Questions

Which of the following equations demonstrate the multiplication property of equality for the equation x = 2? Check al
that apply.
x(3) = 2(4)
x(5) = 10
11.5) = 2(2)
x(0.5) = 2(0.5)
x(12) = 12

Answers

Answer:

the 2nd and 4th i think

Step-by-step explanation:

Hi!
I’m pretty sure the answer would be
x(5) =10.

PLSS HELPP
Choose the equation for the line in slope-intercept form.




A y=2x+3
B y=1/2x+3
C y=1/2x−3
D y=−1/2x−3

Answers

Answer:

C or D, they look the same

Step-by-step explanation:

1. The graph passes through (2, -4) and (6, 0). You can use the rise over run formula to find the slope, so if you were to use the line to draw a triangle it would go to the right 2 spaces and up 1. Therefore the slope is 1/2.

2. Then you just need to see where the line crosses the y-axis (the vertical line). You can see here that it crosses at (0, -3).

3. Writing it in slope-intercept form is y = mx + (or -) b. Soooooo it would be y = 1/2x -3.

I hope this helped!

C - The slope is 1/2 and the y intercept is (0,-3)

Drag numbers to complete the table for missing values of x, x2, and x3.

Answers

Answer:

Values are:

x x²

10 100

5

What Eva the person on top said is rightly

PLZ HELP ME
In 2001, gold was priced at (0.5x + 300) dollars per ounce. Its price tripled in 2008 and then doubled in 2011. In 2016, its price dropped to 2 3 of the price in 2011.
• Write an expression for the price of gold per ounce in 2016.
• Explain how you found the expression.

Answers

Answer:

[tex]2x + 1200[/tex]

Step-by-step explanation:

[tex].5x + 300 \\ 3(.5x + 300) = 1.5x + 900\\ 2(1.5x + 900) = 3x + 1800 \\ \frac{2}{3} (3x + 1800) = 2x + 1200[/tex]

Each new line represents the change stated in the question.

LOOK AT THE IMAGE ABOVE AND SOLVE IT FOR TWO DIFFERENT WAYS!! Please help its due today!

Answers

Answer:

Step-by-step explanation:

Ist method - Area of the triangle + Area of the  trapezium

Area of triangle = 1/2 × b × h

here, b = 8 cm but h is not given

so we will find h by pythagoras theorem

AC^2 = AB^2 + BC^2

10^2 = 8^2 + BC^2

100 = 64 + BC^2

BC^2 = 36

BC = √36

BC = 6

∴ h = 6cm

area of triangle = 1/2 × b × h

= 1/2 × 8 × 6

= 24 cm^2

Area of trapezium = 1/2 ( a + b ) h

Here a = 13cm

         b = 25 - 8 = 17 cm

         h = 6 cm

So area = 1/2 ( a + b ) h

= 1/2 ( 13 + 17 ) 6

= 90 cm^2

So total area =  Area of the triangle + Area of the  trapezium

= 24 cm^2 + 90 cm^2 = 114 cm^2

2nd method - Area of the entire figure

Since the figure is a trapezium,

Area of trapezium = 1/2 ( a + b ) h

here, a = 13cm

        b = 25 cm

        h = 6 cm

Area of trapezium = 1/2 ( a + b ) h

= 1/2 ( 13 + 25 ) 6

= 114 cm^2

Hope this helps

plz mark as brainliest!!!!!!!!!!

answer:

not a very clear diagram sorry luv but i just cant really see the question  <3

step-by-step explanation:

What is the measure of angle F?

A. Cannot be determined
B. 65°
C. 55°
D. 75°

Answers

Answer:

65 degrees since both opposite sides are 10

Answer:

65 degrees

Step-by-step explanation:

Just took the test

One solution to a quadratic equation is x= -5/3 What is true about any remaining solutions?

There are two or more complex solutions.
There is exactly one more real solution.
There is exactly one complex solution.
There are no complex solutions.
There are no other real solutions.
There are at least two more real solutions.

thers more than one answer i believe but im completely lost​

Answers

Answer:

There is exactly one more real solution or there is exactly one more complex solution

Step-by-step explanation:

A quadratic equation is a polynomial of degree two

What this means is that a polynomial has two answers.

Now, from the question, we have an answer already which is a real root

Then the other answer which we do not have can take the form of two answers

It can either be a complex root or other wise be a real root

So the answer to this question is that ;

There is exactly one more real solution or there is exactly one more complex solution

HELP PLS
BRAINLIEST IF CORRECT

Answers

Answer:

I think it would be 1 and 3

Step-by-step explanation:

The correct answer is the first, second, and third.

1st Option-

This is pretty simple if you understand how a number line works. All the numbers on the right side are greater no matter what.

2nd Option -

All numbers on all sides could be rational, as we don't know what kind of number line this is.

3rd Option-

This is also correct because like the previous statement, the number line is unknown. We could have repeating numbers as long as the ones on the left side are less than the ones on the right.

4th Option -

This is incorrect because no matter what number line you have, the numbers on the left side are ALWAYS less than the ones on the right.

A fruit bowl contains 2 bananas, 5 oranges, and 4 apples.

Carol wrote the ratio 511. What could Carol’s ratio represent? Explain your reasoning based upon what you know about ratios.

Answers

Answer:

Oranges: to all fruit in the bowl.

Step-by-step explanation:

A ratio is similar to a fraction in the way that it represents a part to a whole.

There are 11 fruits total in the bowl (the whole), and oranges are the only fruit in the bowl that equal 5 (the part).

Answer:

Step-by-step explanation:

Oranges: to all fruit in the bowl.

Step-by-step explanation:

A ratio is similar to a fraction in the way that it represents a part to a whole.

There are 11 fruits total in the bowl (the whole), and oranges are the only fruit in the bowl that equal 5 (the part).

0.333 repeating times 15. Please help me out and answer this question.

Answers

Answer:

4.995

Step-by-step explanation:

Write an equation in slope-intercept form of the line that passes through (-2,5) and (-4,-5)

Answers

Answer:

so the slope-intercept form is y=mx+b

so your's is....

y= 5x +15

Step-by-step explanation:

Hope this helps!!

The equation of the line that passes through (-2,5) and (-4,-5) is y = 5x + 15 in the slope-intercept form of the line.

What is a linear equation?

It is defined as the relation between two variables, if we plot the graph of the linear equation we will get a straight line.

If in the linear equation, one variable is present, then the equation is known as the linear equation in one variable.

It is given that:

The line that passes through (-2,5) and (-4,-5)

The equation of the line can be calculated as follows:

y + 5 = (-5 - 5)/(-4+2)[x + 4]

y + 5 = 10/2[ x + 4]

y = 5x + 20 - 5

y = 5x + 15

Thus, the equation of the line that passes through (-2,5) and (-4,-5) is y = 5x + 15 in the slope-intercept form of the line.

Learn more about the linear equation here:

brainly.com/question/11897796

#SPJ2

When three points lie on the same line

Answers

When three points are on the same line it’s collinear,. we’re in the same class LOL

6(x-2=4(x+3) what does x equal

Answers

Hey mate here is your answer.

6(x-2) = 4(x+3)

6x-12 = 4x + 12

6x - 4x = 12 + 12

2x = 24

x = [tex] \frac{24}{2} [/tex]

x = 12

Two pounds of grapes cost $6. How many pounds of grapes can
you get for $1? (hint: write a repeating decimal as a fraction)

Answers

Answer:

1/3 of a pound .333

Step-by-step explanation:

6/2 =3

1/3= .333

Answer:

1/3 to 1 and 1 to 3

Step-by-step explanation:

HELP PLEASEEEE!!
Choose the equation with the correct grouping symbols.

A. 45 + 45 ÷ (3 ÷ 3) = 20
B. 45 + [45 ÷ (3 ÷ 3)] = 20
C. [45 + (45 ÷ 3)] ÷ 3 = 20
D. 45 + (45 + 3 ÷ 3) = 20

Answers

Answer:

C

Step-by-step explanation:

(45+(15))/3=20

Are the lines parallel? y = x + 4 and y = x-2

A. yes, they have the same slope and a different y-intercept
B. no, they are not parallel​

Answers

Answer:

A

Step-by-step explanation:

Remember that parallel lines have the same slope.

The y-intercept does not matter.

We have the two equations:

[tex]y=x+4[/tex]

And:

[tex]y=x-2[/tex]

The slope is the coefficient in front of the x.

In the first equation, we can rewrite it as:

[tex]y=(1)x+4[/tex]

Therefore, the slope of the first equation is 1.

Similarly, for the second equation, we can rewrite it as:

[tex]y=(1)x-2[/tex]

The slope of the second equation is also 1.

Therefore, since their slopes are equivalent, they are parallel.

Thus, our correct answer is A.

Add my snaq k1nglean if anyone wants to ttrade you gotta be 16+​

Answers

Alright waittt trade picsss omgggg this is a school website I’m just playing with you

A fishing boat with two people on it runs out of gas while out in a bay. The people set off an emergency flare from a height of 2 meters above the water. The flare has an initial vertical velocity og 30 meters per second. How long does it take the flare to reach its maximum height? What is that height?

Answers

Answer:

Step-by-step explanation:

time taken to reach the max height is expressed according to the projectile equation;

tmax = u/g

Given u = 30m/s

g is the acceleration due to gravity = 9.81

t = 30/9.81

t = 3.0secs

hence it will take the flare 3.06secs to reach its maximum height.

Max height = u²/2g

Max height = 30²/2(9.81)

Max height = 900/19.62

Max height = 45.87m

If the people set off an emergency flare from a height of 2 meters above the water, the total height will be 45.87 + 2 = 47.87m

What is the average rate of change in height over the entire 5 seconds?

Answers

Answer:“To get the average rate of change between 2 points...” To get the average rate of change between 2 points, plug in their coordinate values into the equation (y2-y1)/(x2-x1). The values come from the points (x1,y1) and (x2,y2).

Step-by-step explanation:

help show work
assig 8
(a)solve the inequality
(b)graph the solution on the real number line.
(c)write the solution in interval notation.
29
30
31
32
33

Answers

Answer:  see below

Step-by-step explanation:

29) -5x ≥  30

    ÷ -5 ↓ ÷ -5

        x  ≤ -6

Graph:       ←--------- ·

                            -6

Interval Notation: (-∞, 6]

30) -4x <  -40

    ÷ -4 ↓ ÷ -4

        x  >   10

Graph:       o---------→

                10

Interval Notation: (10, ∞)

31) 2x - 5 ≥  -11

         +5    +5

     2x      ≥  -6

    ÷ 2       ÷ 2

        x   ≥   -3

Graph:       · ---------→

                -3

Interval Notation: [-3, ∞)

32) 8 - 3x > 20

    -8         -8

        -3x >  12

     ÷ -3  ↓ ÷ -3

          x  <  -4

Graph:       ←---------o

                            -4

Interval Notation: (-∞, -4)

33) 4x - 11 < 7x + 4

    -7x       -7x      

   -3x  - 11  <   4

          + 11   +11    

   -3x       <    15

 ÷ -3      ↓ ÷ -3

         x  >    -5

Graph:       o---------→

                  -5

Interval Notation: (-5, ∞)

Which of the following points are correct for the equation (multiple answers)
Y = 3x + 2
(-1, -3)
(0,5)
(1,5)
(2-3)

Answers

Answer:

1,5 is your answer

Y=5 and X=1

Insert it in the equation

5=3(1)+2

5=3+2

5=5

Hence proved!

Please HELP!!!!!!!!!!!!!!!!

Answers

The answer is C. Sum = (180)(20) = 3600

Answer:

sum = (180)(20) = 3600

Step-by-step explanation:

First...

(n-2)180˚ = Sum Of Interior Angles or SOIA

So...

(22-2)180 = SOIA

Then...

20*180 = SOIA

Finally...

3600 = SOIA

1.

p: you pass the class

q: you go to the next grade

p -> ~q:_______________________________



~p->~q:_______________________________

Answers

Answer:

P is you pass the class, so it's the hypothesis in the conditional. And Q is the conclusion, which ic you got to the next grade.

Step-by-step explanation:

In order to got to the next grade, you need to pass the class.

or

If you pass the class, you go to the next grade.

the Venn diagram is shown below​

Answers

n(A), n(B) and n(AnB) are given and n(AUB)'s complement is asked.

39
Which statement is true of the numbers
and -0.328?
6 Which equ
rational nu
А
0.33.
A Only 39 is rational.
B
0.33
B
Only -0.328 is rational.
C 0.35
Both numbers are rational.
D 0.3
Both numbers are not rational.

Answers

It is in fact number 7

Change the number below into scientific notation. 3,450,000,000

Answers

Answer:

3.450*10^4

Step-by-step explanation:

3.45x10^9 is the correct answer for scientific notation

if 3n-4=8 then what is the value of 5n-3 ​

Answers

Answer:

17

Step-by-step explanation:

Given

3n - 4 = 8 ( add 4 to both sides )

3n = 12 ( divide both sides by 3 )

n = 4

Thus

5n - 3 = 5(4) - 3 = 20 - 3 = 17

Jayvon has 33.6 points in a competition. He loses 5.5 points,
Write and then evaluate an addition expression to determine Jayvon's current points.

Answers

Answer:

33.6+(-5.5)=28.1

Step-by-step explanation:

Since positive times negative is equal to negative, we can multiply -5.5 by an addition symbol, making it an addition problem, and making it the same expression.

To evaluate the expression, we can do 33.6-5.5.

When adding or subtraction decimals, write it stacked like a normal problem, and line up the decimal places, like so.

33.6-

 5.5

Then you can subtract normally, getting 28.1

Shannon's little brother is 7 weeks old. She is exactly
3 years and 3 days older than he is. How old is Shannon in days?
Assume that a year is 365 days.

Answers

Answer:

1147 days

Step-by-step explanation:

3x365= 1095

7x7=49

1095+49+3=1147

So 7 weeks is 49 days right? So know we need to figure out how many days are in three years. (365 times 3) the answer is 1,095. Add that to 49. The answer is 1,144. Add three. The answer is 1,147.

Jay bought a painting on sale for 45% off the original price, for $27. What was the price of the painting before the sale?

Answers

Answer:

 0.55x = $27

Step-by-step explanation:

Let the price of the painting = x

x - 45% of x = $27

    x - 0.45x = $27

         0.55x = $27

Divide both sides by 0.55

 0.55x/0.55 = $27/0.55

                  x = $49.09

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