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

Can someone help me with this math question? First to answer will get Brainliest! :)

Answers

Answer:

A

Step-by-step explanation:

yiu have to rotate it in order to make that

There are 3 blue rings, 4 red rings, and 8 yellow rings. Hint: _:_
(I Need part A, B and C)
Part A: write the ratio of red rings to all rings.
Part B: write the ratio of red rings to blue rings.
Part C: write the simplified ratio of blue rings to all rings.

Answers

Answer:

4:15, 4:3, 1:5

Step-by-step explanation:

Part A:

There are 4 red rings and 15 total rings. So, the ratio would be 4 red rings to 15 total rings.

4:15

Part B:

As previously mentioned, there are 4 red rings. There are 3 blue rings. The ratio would be 4 red rings to 3 blue rings.

4:3

Part C:

There are 3 blue rings and 15 total rings. The ratio is 3 blue rings to 15 total rings. This can simplify to 1:5.

3:15 = 3/3:15/3 = 1:5

Hope this helps.

Find the midpoint of a line segment whose endpoints are (-14, 4) & (6,12)
(-1,5)
(-4,4)
none of these
(1/2,2)
(5,1)

Answers

None of these is the answer

In the video game Stunt Pilot, players gain and lose points based on how well they perform tricks in their airplanes. Kirk had 33 points in the game before getting – 18 points for losing control of his plane during a stunt. What is Kirk's score now?

Answers

Answer: 15

Step-by-step explanation: Well first you have to minus 33-18=15

FIRST ANSWER GETS CROWNED BRAINLIEST!!! 30 points!!!
The slope of a line is 3/4. If x increases by 20, what is the corresponding change in y? Please explain the answer.

Answers

Answer:

15

Step-by-step explanation:

15 is three quarters of 20 and a gradient of a graph is how much the y axis increases when you increase the x axis value, so if it increases by a value then in this case we need 3/4 of this value, hence 15

Answer:

The slope of a line is a number that measures its "steepness", usually denoted by the letter m. It is the change in y for a unit change in x along the line.

Try this Adjust the line below by dragging an orange dot at point A or B. The slope of the line is continuously recalculated. You can also drag the origin point at (0,0).

Step-by-step explanation

If it is wrong then I'm sorry

Please help me solve this problem!

Answers

Answer:

The line would be a diagonal line that is negative(pointing down).

You can use Desmos Graphing Calculator to help you even more! :)

HURRY UP NEED HELP
7. Find the equation of a line that fits the data shown in the graph below.

Answers

Answer:

y=-x+3/2, I hope that I hoped, and by the way, it is NEGATIVE x. It's a little hard to see :P

Answer:

y=2x + (-1)

Slope is m=2 and the y-intercept is b= -1

In a figure, such as a triangle or parallelogram, this is used to refer to the
length of one side.

Answers

Answer:

The hypotenuse is the side opposite the right angle, or defined as the longest side of a right-angled triangle,

Step-by-step explanation:

m= 4/5 - 2/5
————- = ?
-1 - -2

Answers

Answer:

2/5 = 4/5 - 2/5 = m

there are 11 pieces of pie left over in the cafeteria. if the 6 pieces are apple and 5 are cherry , what fraction of the remaining are apple

Answers

Answer:

6/11

Step-by-step explanation: If not this try 12/22

The answer is 6 over 11 (6/11)

This is because 11 is the denominator and both 5 and 6 are numerators. If you were to ask for what the fraction of remaining pie would be cherry, then you would say 5/11

Refer to the given sets information Y U Z

Answers

Answer:

i hate biden

Step-by-step explanation:

can someone plz help me with dos plz​

Answers

Answer:

44,62, and where is E

Step-by-step explanation:

Part (i)

Angle DBA = 44

--------

Reason:

Angle CBA is a right angle (thales theorem), so angle DBA must add to DBC to get 90 degrees. In other words, we solve x+46 = 90 to get x = 44.

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

Part (ii)

Angle DAC = 46

--------

Reason:

Both inscribed angles DAC and DBC subtend the same arc (minor arc DC), so the inscribed angles are congruent.

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

Part (iii)

Angle BCE = 74

--------

Reason:

Angle BDC is 28 degrees since angle BAC is also 28 degrees (similar reasoning as part ii above). Let y = angle BCD

Focus on triangle BCD. The three interior angles add to 180

B+C+D = 180

46+y+28 = 180

y+74 = 180

y = 180-74

y = 106

Then subtract 180 from this to get the exterior angle BCE

angle BCE = 180-(angle BCD)

angle BCE = 180-y

angle BCE = 74

Or as a shortcut, you could use the remote interior angle theorem

angle BCE = (angle BDC) + (angle DBC)

angle BCE = (28) + (46)

angle BCE = 74

HELP!!!
This is a geometry question!
Please give reasoning with your answer!
I can and will mark a "real" answer brainliest!

Answers

Answer:

see below

Step-by-step explanation:

shape LNMP is :

translated as 0,-7 flip of mirrored along y-axis reflected imaged is ABCD as given

Question is on a picture ​

Answers

Answer: -9

Step-by-step explanation:

When you plug in the numbers you get the equation 4* (-6) + 5*3

When you solve it out you get -24 + 15. This equals -9.

​can someone help me solve this system. thanks
2y = 6
3(x + y) = 12

Answers

Answer

y=3   x=1

Step-by-step explanation:

3(x+3)=12

3x+9=12

subtract 9 from both sides to get...

3x=3

divide 3 from both sides to get...

x=1

Step-by-step explanation:

this is very easy

2y=6

y=2/6=3

so ,

3(x+y)=12

3x+3y=12

3x+3+3=12

3x+9=12

3x=12-9

3x=3

x=3/3

x=1

What is the equation of the line that passes through the points (−2,4) and (0,3)?

Answers

Answer:

y=-1/2x+3

Step-by-step explanation:

Renting a small moving truck for a day costs $29.95 plus $0.79 per mile that the truck is driven. Ms. Knowles rented a truck for one day and paid $91.57. The equation 29.95 + 0.79d = 91.57 can be used to model this situation. Choose True or False for each statement. A) The variable d represents the number of miles Ms. Knowles drove. B) The term 0.79d represents the charge in dollars for the distance driven. C) You can isolate the term 0.79d by adding 29.95 to both sides of the equation.

Answers

Given:

Renting a small moving truck for a day costs $29.95 plus $0.79 per mile that the truck is driven. Ms. Knowles rented a truck for one day and paid $91.57.

The equation is

[tex]29.95 + 0.79d = 91.57[/tex]

To find:

Whether the statement are true or false.

Solution:

We have,

[tex]29.95 + 0.79d = 91.57[/tex]

Here,

Fixed cost = 29.95

Variable cost = 0.79d, it depends on the number of miles Ms. Knowles drove.

So, the variable d represents the number of miles Ms. Knowles drove.  Hence, statement A is true.

The term 0.79d represents the charge in dollars for the distance driven. Hence, statement B is true.

You can isolate the term 0.79d by subtracting 29.95 from both sides of the equation.

Hence, statement C is false.

If you roll two six-faced dice together, you will get 36 possible outcomes. 4 pts 1. List all possible outcomes of the experiment. 2 pts 2. What is the probability of getting a sum of 11 in these outcomes? 2 pts 3. What is the probability of getting a sum less than or equal to 4? 2 pts 4. What is the probability of getting a sum of 13 or more?

Answers

Given:

Two dice are rolled together.

Total number of possible outcomes.

To find:

The list of total possible outcomes.

The probability of getting a sum of 11 in these outcomes.

The probability of getting a sum less than or equal to 4.

The probability of getting a sum of 13 or more.

Solution:

If two dice are rolled together, then the total number of possible outcomes is 36 and list of total possible outcomes is

S = {(1,1),(1,2),(1,3),(1,4),(1,5),(1,6),(2,1),(2,2),(2,3),(2,4),(2,5),(2,6),(3,1),(3,2),(3,3),(3,4),(3,5),(3,6),(4,1),(4,2),(4,3),(4,4),(4,5),(4,6),(5,1),(5,2),(5,3),(5,4),(5,5),(5,6),(6,1),(6,2),(6,3),(6,4),(6,5),(6,6)}

Sum of 11 in these outcomes = {(5,6),(6,5),(6,6)} = 3

The probability of getting a sum of 11 in these outcomes is

[tex]P(\text{sum=11})=\dfrac{3}{36}[/tex]

[tex]P(\text{sum=11})=\dfrac{1}{12}[/tex]

Therefore, the probability of getting a sum of 11 in these outcomes is [tex]\dfrac{1}{12}[/tex].

Sum less than or equal to 4 = {(1,1),(1,2),(1,3),(2,1),(2,2),(3,1)} = 6

The probability of getting a sum less than or equal to 4 is

[tex]P({sum\leq 4})=\dfrac{6}{36}[/tex]

[tex]P({sum\leq 4})=\dfrac{1}{6}[/tex]

Therefore, the probability of getting a sum less than or equal to 4 is [tex]\dfrac{1}{6}[/tex].

Sum of 13 or more = empty set because maximum sum is 12.

The probability of getting a sum of 13 or more is

[tex]P(sum\geq 13)=\dfrac{0}{36}[/tex]

[tex]P({sum\geq 13})=0[/tex]

Therefore, the probability of getting a sum of 13 or more is 0.

The difference between four times a number and six is -46

Answers

Answer: 4x-6=-46

4x-6=-46

A rectangle has a length of 64 cm. The rectangle is reduced by a scale factor of 3/4. What is the length of the reduced rectangle?

Answers

Answer:

48 cm

Step-by-step explanation:

64 divided by 4 is 16. multiply 16 by 3 and the answer is 48.

Why do people think maths as a hard subject
Do you feel math is hard

Answers

No, math is the easiest subject for me and my favorite ! But sometimes it can be hard if u don’t understand.
math is different for everyone. i personally enjoy math. also can you please thank this i need points lol

when y= 4x, if y= 36, what is x?

Answers

Answer:

x=9, hope I helped :P

Which of the following equations has a solution of x = 5
10x/2=1


2 (x – 3) + 8 = 6x – 18
2x – 5 + 3x = 8 + 14
O 4(1 - 2) + 3 = -2 (2 + 2) + 1

Answers

Answer:

equals 345762819

Step-by-step explanation:

i dont know for short i just want a points

HELP WHOEVER IS FIRST GETS BRAINLIST!!!

Answers

Answer:

y = (-2/5)x + 3

Step-by-step explanation:

(2/5)x + y = 3

y = (-2/5)x + 3


Convert y = x2 - 4x + 1 to vertex form by completing the square.

O y= (- 1)2 + 4
O y= (1 - 2)2 +5
O y= (x - 2)2 – 3
O y = (x - 4) + 1

Answers

Answer:

vertex: (-2, -3)

Step-by-step explanation:

y = x2 + 4x                 + 1  

y = x2 + 4x + 22          + 1 - 22  

y = (x + 2)2 + 1 - 4  

y = (x + 2)2 - 3            in y = (x - h)2 + k, (h, k) is the vertex.  

 

Answer:

y = (x - 2)² - 3

Step-by-step explanation:

Given

y = x² - 4x + 1

To complete the square

add/subtract ( half the coefficient of the x- term )² to x² - 4x

y = x² + 2(- 2)x + 4 - 4 + 1

   = (x - 2)² - 3

PLEASE ANSWER FAST
A principal spent $1560 total on "c" calculators for his school. Which
expressions shows the cost of ONE calculator.
A. c+ 1560 B. 1560c C. 1560- c D. 1560/c

Answers

Answer:

1560/c

Step-by-step explanation:

if you divide 1560 by c the value you get will be the cost of one calculator.

Answer:

The answer is D. 1560/c

Step-by-step explanation:  

If you divide 1560 by c you will get the cost of one calculator.

A study showed that the ratio of the number of people who gets there news from social media to the number of people who got there news from other sources is 3 : 7 based on the ratio, how many people in a town of 900 people get there news from social media

Answers

Answer: 270 people

Step-by-step explanation:

Since the ratio of the number of people who gets there news from social media to the number of people who got there news from other sources is 3 : 7. This can be expressed in a fraction as:

Fraction of people who gets there news from social media = 3/10

Fraction of people who got there news from other sources = 7/10

If there are 900 people, number of people who gets there news from social media will be:

= 3/10 × 900

= 3 × 90

= 270 people

What is the value of cos(15°)?

Answers

Answer:

The answer is C. [tex]\frac{\sqrt{6} + \sqrt{2} }{4}[/tex]

Step-by-step explanation:

The value of cos(15°) is (√(6) + √(2))/4.

The correct option is C.

What is half-angle formula?

The half-angle formula is a trigonometric identity that relates the trigonometric functions of half of an angle to the trigonometric functions of the original angle.

Using half-angle formula for cosine

cos(x/2) = √((1 + cos(x))/2)

In this case, x = 30°, so we have:

cos(15°/2) = √((1 + cos(30°))/2)

cos(15°/2) = √((1 + √(3)/2)/2)

Now, rationalize the denominator:

cos(15°/2) = √((2 + √(3))/4)

cos(15°/2) = √((1/2 + √(3)/4))

Finally, we factor the numerator by multiplying it by (√(2) + √(6))/(√(2) + √(6)):

cos(15°/2) = (√(2) + √(6))/(2√(2))

cos(15°) = (√(2) + sqrt(6))/(2√(2))

By rationalizing the denominator further, we get:

cos(15°) = (√(2) + √(6))/(2√(2))  (√(2)/sqrt(2))

cos(15°) = (√(2)√(2) + √(6)√(2))/(2√(2)√(2))

cos(15°) = (2 + √(12))/(2 x 2)

cos(15°) = (2 + 2√(3))/(4)

cos(15°) = (√(6) + √(2))/4

Therefore, the value of cos(15°) is (√(6) + √(2))/4.

Learn more about Half angle Formula here:

https://brainly.com/question/30400810

#SPJ2

What is X? −2(x−6)= x+5

Answers

Answer:

x=-1

Step-by-step explanation:

-2(x-6)=x+5

-2x-(-12)=x+5

-2x+12=x+15

-2x -----^

x+2x=3x

+15 turns into minus 15

12-15= -3

-3=3x

-1=x

Answer: 7/3 or 2.333333333

Step-by-step explanation:

Distribute -2 to x and -6

-2x + 12 = x + 5

Subtract x from both sides

-3x + 12 = 5

Subtract 12 from both sides

-3x = -7

Divide -3 from both sides

X= 7/3 or 2.333333333

What is the solution for the system of equation
Y=-2x+8 y=x-4

Answers

Answer:

(x , y) = (28/5 , 8/5)

Step-by-step explanation:

Answer:

Step-by-step explanation:

(x , y) = ( 28/5 , 8/5 )

               

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