Janine is 25 and has a good job at a biotechnology company. Janine estimates that she will need $875,000 in her total retirement nest egg by the time she is 65 in order to have retirement income of $20,000 a year. (She expects that Social Security will pay her an additional $15,000 a year.) She currently has $5,000 in an IRA, an important part of her retirement nest egg. She believes her IRA will grow at an annual rate of 8 percent, and she plans to leave it untouched until she retires at age 65. How much money will Janine have to accumulate in her company’s 401(k) plan over the next 40 years in order to reach her retirement income goal? Use Exhibit 1-A.

Answers

Answer 1

We have that for the Question, it can be said that

The amount of money Janine will have to accumulate in her company’s 401(k) plan over the next 40 years is

$ 766377.4

From the question we are told

Janine is 25 and has a good job at a biotechnology company.

Janine estimates that she will need $875,000 in her total retirement nest egg by the time she is 65 in order to have retirement income of $20,000 a year. (She expects that Social Security will pay her an additional $15,000 a year.) She currently has $5,000 in an IRA, an important part of her retirement nest egg. She believes her IRA will grow at an annual rate of 8 percent, and she plans to leave it untouched until she retires at age 65. How much money will Janine have to accumulate in her company’s 401(k) plan over the next 40 years in order to reach her retirement income goal? Use Exhibit 1-A.

IRA Sum = $ 5000 Growth ratio of IRA= 8%Growth period = 40 years

Generally the equation for the IRA Amount  at Retirement  is mathematically given as

IAR= 5000 * 1.08^(40)

=  108622.6

Since estimate is at

$875,000  

Therefore

Accumulation in 401,000 = 875000 - 108622.6

Accumulation in 401,000 = 766377.4

Hence

The amount of money  Janine will have to accumulate in her company’s 401(k) plan over the next 40 years is

$ 766377.4

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Solve this system using the substitution method: 9x – 2y = 4; 3x – 5 = y

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The 95% confidence interval is from 0.5 to 0.027?

Step-by-step explanation: hope that helps :)

Answer:

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Answer:

So she has $50–$43.85 = $6.15 in her pocket and $25 in her savings account

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Since we know that for any functions, there is a one-to-one correspondence between each domain and range values.  Conversely, each range value also corresponds to one domain value.  

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Answers

Answer:

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Step-by-step explanation:

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Answer:

See below:

Step-by-step explanation:

Hello! My name is Galaxy and I will be helping you today. I hope you are having a nice day!

We can solve this equation in one step, which is Algebra, I'll start solving the problem now.

Algebra

We can start by simplifying the problem, [tex]20>u+8[/tex], we can subtract by 8 on each side to simplify the equation. I'll explain why afterwards.

[tex]20>u+8\\12>u[/tex]

As you can see we've subtracted by 8 on both sides, the reason this works is because when we do something to one side, we must do it to the other, which keeps the equation balanced.

We can prove this works by picking a random number for [tex]u[/tex] from our simplified version. For this case, lets pick 11.

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[tex]20>11+8?\\20>19[/tex]

We've proven that its correct.

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Answer:

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Answer:

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Step-by-step explanation:

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Answer:

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Answers

Answer:

Step-by-step explanation:

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Answers

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Answers

Answer:

70/17 hours or 4 2/17 hours

Step-by-step explanation:

The equation we use is 1/7 + 1/10 = 1/x, x being the time it took them together to build. x works out to 70/17 hours

Leah and her apprentice can build the wall together in 4 2/17 hours

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Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

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Step-by-step explanation:

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Answer:

Roberto bikes faster than Eileen by 1.3 mi/h

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Answers

Answer: Choice B

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======================================================

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Answers

Answer: 10

Explanation:

(30)-(30)= 0

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(Correct on my quiz)

The value of x would make the following matrix singular is 10

Matrices of a function

For a matrix to be singular, the determinant of the matrix must be zero.

For the given 2 by 2 matrix, for the matrix to be a singular matrix then, its determinant must be zero as shown;

(5* 6) - (3 * x) = 0

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3x = 30

x = 10

Hence the value of x would make the following matrix singular is 10

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9514 1404 393

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Step-by-step explanation:

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The equation of the parallel line is ...

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[tex](a)\\\\m=6.1\times 10^{-5},~~ t=1.7 \times 10^{-6} \\G = \sqrt{\dfrac{m}{t^2}} = \sqrt{\dfrac{6.1\times 10^{-5}}{\left(1.7 \times 10^{-6}\right)^2} } ~=4590\\\\\\(b)\\\\m=6.1\times 10^{-5}(1+ 8\%) = 6.1\times 10^{-5}(1+0.08) = 0.0000648\\\\t=1.7\times 10^{-6}(1+ 5\%)= 1.7\times 10^{-6}(1+0.05) =0.000001785\\\\\\G=\sqrt{\dfrac{m}{t^2}} = \sqrt{\dfrac{0.0000648}{(0.000001785)^2}}=4510[/tex]

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