A 45-year-old man puts $2500 in a retirement account at the end of each quarter until he reaches the age of 66, then makes no further deposits. If the account pays 4% interest compounded quarterly, how much will be in the account when the man retires at age 71? There will be $ in the account.

Answers

Answer 1

Answer: The man will make deposits for 66 - 45 = 21 years, or 21 x 4 = 84 quarters.

The quarterly interest rate is 4% / 4 = 1%.

Let's use the formula for the future value of an annuity:

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

where FV is the future value of the annuity, PMT is the periodic payment, r is the interest rate per period, and n is the number of periods.

In this case, PMT = $2500, r = 1%, and n = 84. Substituting these values into the formula, we get:

FV = $2500 x ((1 + 0.01)^84 - 1) / 0.01

FV = $2500 x (5.409 - 1) / 0.01

FV = $2500 x 540.9

FV = $1,352,250

Therefore, there will be $1,352,250 in the account when the man retires at age 71.


Related Questions

help pls im in a rush

Answers

The reason for the statements of the proof to show that ∠A ≅ ∠C are:

ABCD is a parallelogram: (Given)Draw BD: (Construction)AB || DC, AD || BC: Given∠1 ≅∠4, ∠2 ≅ ∠3: (Opposite angles of a parallelogram are congruent)DB ≅ DB: (Reflexive Property)ΔABD ≅ ΔCDB: (ASA congruence theorem)∠A ≅ ∠C: Corresponding parts of congruent triangles are congruent.

What is a parallelogram?

A quadrilateral with two sets of parallel sides is referred to as a parallelogram.

In a parallelogram, the opposing or confronting sides are of equal length, and the opposing angles are of equal size.

The ASA congruence theorem states that two triangles are congruent if two angles and the side separating two angles of one triangle are congruent with the corresponding angles and side of another triangle.

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which of the following sample spaces would satisfy the definition of a continuous random variable?
x={odd integers between 5 and 15}
×=[0,500]
x=[0,1,2,3]
x=[the number of days in the week that have the letter "r"] ​

Answers

Answer:The sample space that satisfies the definition of a continuous random variable is: ×=[0,500]

Step-by-step explanation:

The sample space that satisfies the definition of a continuous random variable is: ×=[0,500]

A continuous random variable is a variable that can take on any value within a certain range of values, typically a continuous interval. This means that there are an infinite number of possible values that the variable can take on, and the probability of any particular value is zero.

In contrast, the other sample spaces listed are all discrete random variables, meaning that they can only take on a finite or countable number of values. For example, the first sample space x={odd integers between 5 and 15} can only take on 6 possible values (5, 7, 9, 11, 13, or 15), and the third sample space x=[0,1,2,3] can only take on 4 possible values.

The fourth sample space x=[the number of days in the week that have the letter "r"] is also a discrete random variable, as it can only take on values of 0, 1, 2, or 3 (depending on how many days of the week have the letter "r").

Therefore, the only sample space that satisfies the definition of a continuous random variable is ×=[0,500].

8) If Bonnie can waterproof 450 square foot of decking with 2 gallons of sealant, she will need 6 gallons (10pts)
of sealant for 1200 square foot of decking.
True
O False

Answers

Answer:

FALSSOO

Step-by-step explanation:

lol srry I pretty sure its false I did teh math

Hope its right and it helps! c:

18. Name a pair of complementary angles in this figure. ​

Answers

Answer:

Step-by-step explanation:

Angle KEF and JEK

Answer:

∠DEH and ∠HEJ or∠JEK and ∠KEF

----------------------------

Complementary angles are the angles that together form a right angle.

In the picture we see two right angles:

∠DEJ and ∠JEF

The first one, ∠DEJ has a pair of complementary angles:

∠DEH and ∠HEJ

The second one, ∠JEF has a pair of complementary angles:

∠JEK and ∠KEF

Find a polynomial f(x) of degree 5 that has the following zeros.
0, 1 (multiplicity 2), -6, -3
Leave your answer in factored form.

Answers

This polynomial has zeros at 0, 1 (with multiplicity 2), -6, and -3, as required, and is of degree 5.

How to solve

A polynomial f(x) of degree 5 with the given zeros can be represented in factored form as:

f(x) = [tex]A(x - 0)(x - 1)^2(x + 6)(x + 3)[/tex]

Since the leading coefficient is not specified, we can leave A as a constant factor. Simplifying the expression, we have:

f(x) = [tex]A(x)(x - 1)^2(x + 6)(x + 3)[/tex]

This polynomial has zeros at 0, 1 (with multiplicity 2), -6, and -3, as required, and is of degree 5.

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IF THERE ARE 12 RUNNERS IN A RACE, AND 3 RUNNERS ARE RANDOMLY CHOSEN OUT OF THE 12 FOR DRUG TESTING, HOW MANY DIFFERENT WAYS CAN THESE 3 BE CHOSEN?

Answers

They can be picked out by performance.
Is it multiple choice?

we need combination formula:

[tex] \frac{nı}{(n - r)ı \times rı} [/tex]

"I means !"

so the answer is:

12!/9! × 3! = 440

Please help me i dont get this. PLEASE I GIVE 20 points. And I give BRAINLIEST

Answers

Answer:

A B

Step-by-step explanation:

Is between A or B

Answer:  A yes

Step-by-step explanation:

The answer is A because they divided both sides by 5

Not by variable and they didn't add/sub  

This equations are  equivalent

The prism below is made of cubes which measure
1
4
of an inch on one side. What is the volume?

A 3D illustration view of a blank tabular with 5 rows and 2 columns.
Note: Figure is not drawn to scale.
A.

15
32
cubic in


B.

5
2
cubic in


C.

30
cubic in


D.

15
2
cubic in

Answers

The volume of the prism is B. 2.5 cubic inches.

How to calculate the volume

According to the question, the prism measures 1/4 of an inch on one side. Now we will assign values to the length, width, and height of this prism as follows:

Length = 2 × 1/4

Width = 5 × 1/4

Height = 3 × 1/4

= 2/4 + 5/4 + 3/4

=  2 2/4

= 2.5 cubic inches.

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The mayor of a town has proposed a plan for the construction of a new bridge. A political study took a sample of 800 voters in the town and found that 53% of the residents favored construction. Using the data, a political strategist wants to test the claim that the percentage of residents who favor construction is more than 49%. Find the value of the test statistic. Round your answer to two decimal places.

Answers

the value of the test statistic is approximately 5.19.we can get the answer by using formula .

what is statistic  ?

A statistic is a numerical value or measure that is calculated from a sample of data, and is used to describe or make inferences about a population. Statistics are used in various fields, including business, economics, social sciences, and natural sciences, to analyze data

In the given question,

To test the claim that the percentage of residents who favor construction is more than 49%, we can use a one-sample z-test. The test statistic can be calculated as:

z = (p - P) / √(P * (1 - P) / n)

where:

p = the sample proportion (0.53)

P = the hypothesized population proportion under the null hypothesis (0.49)

n = the sample size (800)

Substituting the given values into the formula, we get:

z = (0.53 - 0.49) / √(0.49 * 0.51 / 800) ≈ 5.19

Rounding the test statistic to two decimal places, we get:

z ≈ 5.19

Therefore, the value of the test statistic is approximately 5.19.

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help please The sum of two even numbers is even. The sum of 6 and another number is even. What conjecture can you make about the other number?

A) The other number is odd.
B) The number is even.
C) Not enough information.
D) The number is 8.

Answers

The conjecture that can be made about the other number is option A: the other number is odd.

Let's assume that the two even numbers are x and y. Then, we can write their sum as x + y = 2a, where a is some even number.

Now, let's consider the sum of 6 and another number, which we can represent as 6 + z, where z is some unknown number. If this sum is even, then we can write it as 2b, where b is some even number.

So, we have the equations:

x + y = 2a (since the sum of two even numbers is even)

6 + z = 2b (since the sum of 6 and another number is even)

We can subtract 6 from both sides of the second equation to get:

z = 2b - 6

Now, we can substitute this expression for z into the first equation:

x + y = 2a

And we get:

x + y + z - 2z = 2a

x + (y + z) - 2z = 2a

x + (2b - 6) - 2z = 2a

x + 2b - 2z - 6 = 2a

This equation tells us that x + 2b - 2z - 6 is an even number (since 2a is even). Since x and 2b are even, the expression -2z - 6 must also be even. Therefore, -2z must be even. This means that z is odd (since an even number minus an even number is even, and -6 is even).

So, we can conclude that the other number (z) is odd. Option A is the correct answer.

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(7x^9)^2*3x^11

^ is the exponent sign

Answers

The answer in exponent form is 147x^29.

What is a scientific notation?

A scientific notation is a method of expressing very large numbers in the form of exponent.

In the given question, we have;

(7x^9)^2*3x^11

applying the law of indices,

(7x^9)^2*3x^11 = (7^2)*x^(9*2)*3x^11

                        = 49x^18*3x^11

                        = (49*3)*x^(18+11)

                        = 147x^29

Thus, the expression can be simplified as: 147x^29.

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100 POINTS!!!!!! please answer will give brainliest If the length of each side of the right triangle shown on the grid is measured in cm; find the area of the triangle: 25 cm2 50 cm2 100 cm? 225 cm?'

Answers

Answer:

B) 50cm^2

Step-by-step explanation:

A movie theater considers upgrading to offer luxury seating. The manager randomly surveys 1,200 resident who live within 10 miles of the theater. What is the sample in the situation

Please it’s due in 2min

Answers

In this circumstance, the sample consists of 1,200 inhabitants living within a ten-mile radius of the movie theater that were selected for random deliberation by the overseer.

What is a sample?

Samples are frequently utilized to gain information concerning a larger population through the study of a single set of individuals or objects. The aim of selecting a sample is to inspect the populace by delving into a representative, relatively small group.

Surveys, polls, and experiments often utilize samples to make evidence-based inferences regarding the target population. For exact and dependable results, an instance should be randomly chosen, accurately mirroring those present in the whole population so as to reduce prejudice and fully optimize the evaluation.

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Laquita has $3,500 a month in cash inflows and $3,240 a month in forecasted cash
outflows. How much can she contribute annually to her liquidity fund?

Answers

Answer: $3120

Step-by-step explanation:

3500-3240

=260

260*12=3120

Find F(7)…………………………………………

Answers

Based on the given function conditions of f(x) , the value of f(7) is equal to -6

To find f(7), we need to determine which function definition to use based on the value of x.

Since x = 7 is greater than 5, we know that we'll be using the third definition of the function: f(x) = -x + 1 for 2 < x ≤ 5.

Therefore, we can substitute x = 7 into the third definition of the function:

f(7) = -7 + 1 = -6

So, f(7) = -6.

In summary, to find f(7), we identified which function definition to use based on the value of x. Since x = 7 is greater than 5, we used the third definition of the function, f(x) = -x + 1 for 2 < x ≤ 5, and found that f(7) = -6.

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hi I need help on questions 10-17 on this paper. if you are a expert (know what to do) of vertical angles and angle relationships in a triangle then please help me. 

Answers

Answer:

10) 73

11) 107

12) 107

13) x = 23

14) 135

15) 45

16) 123, 28 29

17) 180 - 72 - 28 = 80

Angle K is 80

Step-by-step explanation:

10:

Vertical angels are congruent.  The same measurement.

11:

Supplements angles add to 180

180 - 73 = 107

12:

Same as 11

13:

135

Vertical angles are congruent

5x + 20 = 3x + 66  Subtract 3x from both sides

2x + 20 = 66 Subtract 20 from both sides

2x = 46  Divide both sides by 2

x = 23

14:

5x + 20  Substitute 23 for x

5(23) + 20

115 + 20

135

15:

This angle is supplemental to ABC

180 - 135 = 45

16:

The sum of the interior angles of a triangle is 180

123 + x-2 + x -3 = 180 Combine like terms

118 +2x = 180  Subtract 118 from both sides

2x = 62  Divide both sides by 2

x = 31

x- 2

31 - 2 = 29

x - 3

31 - 3 = 28

Three angles 123, 29, 28

17:

The sum of the interior angles is 180

180 - 72 - 28 = 80

Helping in the name of Jesus.

Please Help With Question Inside of the picture

Answers

The workers percentile score is given as follows:

69.15%.

How to obtain probabilities using the normal distribution?

The z-score of a measure X of a normally distributed variable that has mean represented by [tex]\mu[/tex] and standard deviation represented by [tex]\sigma[/tex] is obtained by the equation presented as follows:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The z-score represents how many standard deviations the measure X is above or below the mean of the distribution of the data-set, depending if the obtained z-score is positive(above the mean) or negative(below the mean).The z-score table is used to obtain the p-value of the z-score, and it represents the percentile of the measure X in the distribution.

The z-score for this problem is given as follows:

z = 0.5.

Hence the percentile score is of 69.15%, as z = 0.5 has a p-value of 0.6915.

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Solve by using a system of equations.

A goldsmith has two gold alloys. The first alloy is 30% gold; the second alloy is 80% gold. How many grams of each should be mixed to produce 40 grams of an alloy that is 60% gold?

Answers

The amount of grams of each alloy that should be mixed to produce 40 grams of an alloy that is 60% gold are 16 grams and 24 grams respectively.

How to write a system of equations to model this situation?

In order to write a system of linear equations to describe this situation, we would assign variables to the quantity of first alloy (30% gold) and the quantity of second alloy (80% gold) respectively, and then translate the word problem into a linear equation as follows:

Let the variable y represent the quantity of first alloy (30% gold).Let the variable x represent the quantity of second alloy (80% gold).

Therefore, a system of linear equations to describe this situation can be written as follows;

x + y = 40      .....equation 1.

0.3x + 0.8y = 0.6(40)      .....equation 2.

From equation 2, we have the following:

0.3x + 0.8y = 24

0.3x + 0.8(x - 40) = 24

0.3x + 32 - 0.8x = 24

-0.5x = -8

x = -8/-0.5

x = 16 grams.

y = 40 - x

y = 40 - 16

y = 24 grams.

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‼️‼️WILL MARK BRAINLIEST IF HELPFUL‼️‼️

Answers

Answer:

Step-by-step explanation:

(a)  Given:   r=4  h=3

Formula for cylinder:  V=Bh = [tex]\pi r^{2} h[/tex]  

Solution:

V= [tex]\pi r^{2} h[/tex]

V= [tex]\pi[/tex]4²(3)            >square

V= [tex]\pi[/tex] (16)(3)         >multiply numbers

V=48[tex]\pi[/tex]                >leave as pi

(b)  Given: 4  h=6

This volume will be greater because you are multiplying by 6 instead of 4

V=96[tex]\pi[/tex]

On average, a front desk operator receives 2 calls per 30 seconds.
(1)Find the probability that at most 1 call is received in 10 seconds ​

Answers

The probability that at most 1 call is received in 10 seconds is given as follows:

0.8557 = 85.57%.

What is the Poisson distribution?

In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by the following mass probability function:

[tex]P(X = x) = \frac{e^{-\mu}\mu^{x}}{(x)!}[/tex]

The parameters are listed and explained as follows:

x is the number of successes that we want to find the probability of.e = 2.71828 is the Euler number[tex]\mu[/tex] is the mean in the given interval or range of values of the input parameter.

On average, a front desk operator receives 2 calls per 30 seconds, hence the mean for 10 seconds, which is one third of the time, is given as follows:

[tex]\mu = \frac{2}{3}[/tex]

The probability of at most one call is given as follows:

P(X <= 1) = P(X = 0) + P(X = 1)

Hence:

[tex]P(X = 0) = \frac{e^{-\frac{2}{3}}\frac{2}{3}^{0}}{(0)!} = 0.5134[/tex][tex]P(X = 1) = \frac{e^{-\frac{2}{3}}\frac{2}{3}^{1}}{(1)!} = 0.3423[/tex]

Hence:

P(X <= 1) = P(X = 0) + P(X = 1) = 0.5134 + 0.3423 = 0.8557 = 85.57%.

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Which expression is equivalent to 5/4x +33-2+2

Answers

The expression that is equivalent to 5/4x +33-2+2 is 5x + 132/4. Option C

How to determine the value

It is important to note that algebraic expressions are defined as expressions that consists of factors, variables, constants, coefficients and terms.

These expressions are also made up of arithmetic operations.

These operations are listed as;

AdditionBracketParenthesesMultiplicationDivisionSubtraction

From the information given, we have that;

5/4x +33-2+2

Add or subtract the values

5/4x + 33

Find the LCM, we have;

5x + 132/4

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Complete question:

Which expression is equivalent to 5/4x +33-2+2

5x + 132

6x + 132/4

5x + 132/4

6x + 132

In a class of students, the following data table summarizes how many students have a
brother or a sister. What is the probability that a student chosen randomly from the
class has a brother?

Answers

The probability that a student chosen randomly from the class has a brother is 57%.

Given is a data table summarizes how many students have a brother or a sister.

We need to find the probability that a student chosen randomly from the class has a brother,

So, we know, probability = favorable outcome / total outcome

Here, favorable outcome = having a brother = 12 + 4 = 16

Total outcomes = all the students = 12+4+10+2 = 28

So,

P(having a brother) = 16/28 = 0.57 = 57%

Hence the probability that a student chosen randomly from the class has a brother is 57%.

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Which of the following values are solutions to the inequality -8- 4x > 1?
4
I. - 10 II. - 1
O None
O II only
O I and II
O II and III
O I only
O III only
○ I and III
O I, II and III
III. 6
Submit Answer

Answers

Answer:

the answer is:l only

because -10 only states the true statement while -1 and 6 gave False Staments...

Someone help i really need help with this

Answers

The percentage increase in the number of water bottles from February to April is 19%.

How to find the percentage increase?

A company manufactures water bottles. The list describes the amount of water bottles manufactured in three months.

Therefore,

February: 4100 water bottles

March: 7% more water bottles than in February

April: 500 more water bottles than in march

Therefore,

Number of water bottles in march = 4100 + 7% of 4100

Number of water bottles in march =4100 + 7 / 100 × 4100

Number of water bottles in march = 4100 + 287

Number of water bottles in march =  4387

Hence,

Number of water bottles manufactured in April = 4387 + 500 = 4887

Therefore,

percentage increase from February to April = 4887 - 4100 / 4100 × 100

percentage increase from February to April = 787 / 4100 × 100

percentage increase from February to April = 78700 / 4100

percentage increase from February to April = 19.1951219512

percentage increase from February to April = 19%

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Suppose that the function g is defined, for all real numbers, as follows. Find g(-5) ,g (-2), and g(-1)

Answers

If the function g(x) is defined for all real-numbers, then the value of g(-5) is 7/2, g(-2) is -1 and g(-1) is 0.

A piecewise function is a function that is defined by different rules or formulas on different parts of its domain. The piecewise function "g(x)" is given as :

g(x) = {-(1/2)x + 1,    for x<-2

       = {-(x+1)²,        for -2≤x≤1

      =  {4                 for x>1

We have to find the value of g(-5) ,g (-2), and g(-1),

For x = -5, the number -5 is less than -2, so the first function "-(1/2)x + 1" will be used,

⇒ g(-5) = -(1/2)(-5) + 1 = 5/2 + 1 = 7/2,

For x = -2, the number -2 lies in the interval "-2≤x≤1", so second function

"-(x+1)²" will be used,

⇒ g(-2) = -(x+1)² = -(-2+1)² = -(-1)² = -1,

For x = -1, the number -1 lies inn the interval "-2≤x≤1", so second function "-(x+1)²" will be used,

⇒ g(-1) = -(x+1)² = -(-1+1)² = -(0)² = 0,

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Create a bar graph from the results of the following survey question: "On average, how much time do you spend using your cell phone each week?"

Answers

The bar graph from the results of the following survey question titled "Hours spent using your cell phone each week" is found in the attachment.

What is a bar graph?

A bar chart, also called a bar graph, is a visual representation of categorical data that uses rectangular bars with heights or lengths that correspond to the measure of the values they represent.

The bars in a bar chart can be plotted either vertically or horizontally.

Vertical bars, horizontal bars, grouped bars, or stacked bars can all be used to make bar graphs.

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what is the probability that either event will occur

Answers

The probability that either event will occur is 7/25

What is probability?

A probability is a number that reflects the chance or likelihood that a particular event will occur. The certainty of an event is 1 which is equivalent to 100% in percentage.

Probability = sample space /Total outcome

P(A or B) = P(A) +P(B) -P(A and B)

The total element = 25+5+15+5 = 50

therefore total outcome = 50

P(A) = 25/50

P(B) = 15/50

P(A and B) = 5/40

Therefore P(A and B) = 25/50+15/50 - 5/50

= 35/50 = 7/25

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Apply the United States rule to determine the balance at maturity and the total interest paid if the borrower makes two partial payments and the remainder of the loan is paid at maturity.
Principal $1450
Interest Rate​ % 15.0
Loan Length​ (Days) 280
Partial Payment
$5800.00
$4350.00
Payment on Day​ #
112
196

Answers

Answer: The United States rule is a method for calculating interest and balances on loans that have partial payments during their term. The rule assumes that each partial payment is applied to the interest first, then to the principal. Here's how to use the United States rule to calculate the balance and interest for this loan:

Calculate the daily interest rate by dividing the annual interest rate by 360 (the number of days in a standard year for most loans).

Daily Interest Rate = 15.0% / 360 = 0.04167%

Calculate the interest due for the first partial payment of $5800 made on day 112. Since this payment is larger than the remaining principal, it will pay off the loan entirely and no interest will accrue beyond this date.

Days between start of loan and first payment = 112 daysInterest due on first payment = (1450 x 0.04167% x 112) = $8.10Principal remaining after first payment = $0.00

Calculate the interest due for the second partial payment of $4350 made on day 196.

Days between first payment and second payment = 84 daysInterest due on second payment = (0 x 0.04167% x 84) = $0.00Principal remaining after second payment = $0.00

Calculate the interest due on the remaining principal at maturity (day 280).

Days between second payment and maturity = 84 daysInterest due at maturity = (0 x 0.04167% x 84) = $0.00

Add up the interest due from each period to get the total interest paid over the life of the loan.

Total interest paid = $8.10 + $0.00 + $0.00 = $8.10

Add up the principal amounts from each payment to get the total amount paid.

Total amount paid = $5800.00 + $4350.00 = $10,150.00

Subtract the total amount paid from the original principal to get the balance at maturity.

Balance at maturity = $1450.00 - $10,150.00 = -$8700.00 (which means the lender owes the borrower this amount)

Therefore, the balance at maturity is -$8700.00 (meaning the lender owes the borrower this amount) and the total interest paid over the life of the loan is $8.10.

Fixed expenses are defined as those that do not very with changed in volume. Examples include:
A( direct staffing costs
B( lease costs and taxes
C( utilities and supplies utilized in production of service or product
D( utilities, rent, lease, depreciation

Answers

Answer:

B (lease costs and taxes) and D (utilities, rent, lease, depreciation) are examples of fixed expenses as they typically do not vary with changes in volume.

Direct staffing costs (A) and utilities and supplies utilized in the production of service or product (C) are generally considered variable expenses as they tend to vary based on the volume of production or sales. For example, if a business produces more goods or provides more services, it will typically need to hire more staff and use more supplies, leading to an increase in expenses.

Step-by-step explanation:

Solids A and B are similar. Use the given information and scale factor k from solid A to solid B to find the surface area of solid B.

Prism A has a surface area of 805 square feet and the and k=1/5

Answers

Answer:

32.2 ft²

---------------------

We know that area is the product of two dimensions.

Hence we consider the square of the scale factor when comparing areas of similar figures.

The surface area of solid B is k² times the surface area of solid A:

S(B) = k²S(A)

Substitute and calculate:

S(B) = (1/5)²(805) = 805/25 = 32.2 ft²
Other Questions
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