Loren already knows that he will have $500,000 when he retires. If he sets up a payoutannuity for 30 years in an account paying 10% interest, how much could the annuity provideeach month?

Answers

Answer 1

The annuity could pay $221.19 per month.

ANNUITY FORMULA: [tex]P_t=\frac{d\left[\left(1+\frac{s}{n}\right)^{n t}-1\right]}{\frac{s}{n}}[/tex]

Where,

[tex]P_t[/tex] is the account balance after t years.The regular deposit (the amount you deposit each year or month) is denoted by d.r denotes the annual interest rate in decimal form.n represents the number of compounding periods in a year.t consider the number of years.

So,

Loren anticipates having $500,000 when he retires.

[tex]P_t[/tex] = $500,000

He establishes a 30-year payout annuity at a 10%interest.

t = 30 years r = (10/100) = 0.1

Each month, the annuity could provide

n = 2

In the formula, replace the above values as follows:

500,000  [tex]=\frac{d\left[\left(1+\frac{1.1}{12}\right)^{(12)(30)}-1\right]}{\frac{11-1}{12}}[/tex]500,000 [tex]=\frac{d\left[(1.00833333)^{300}-1\right]}{0.00833333}[/tex]500,000 = d [2260.487925]

Now, divide both sides by: 2260.487925

d = $221.19

Therefore, the annuity could pay $221.19 per month.

Know more about deposits here:

https://brainly.com/question/1752098

#SPJ4


Related Questions

y=-1/14x+33/14 in standard form

Answers

Answer:

Step-by-step explanation:

1) Find the LCD and multiply what is missing: LCD (x)(14)

-1x/14x + 33/14x

2) Get rid of the denominators

-1x+33

-x+33

That should be right! Sorry if it isn't!

Colton looks around at an assembly. he notices his younger sister to his right and his older brother 7 feet ahead of him. if colton's brother and sister are 8 feet apart, how far apart are colton and his younger sister? if necessary, round to the nearest tenth.

Answers

Colton is approximately 3.9 feet apart from his  younger sister.

Pythagoras Theorem:

The statement o the Pythagoras theorem is, "if a triangle is right-angled (90 degrees), then the square of the hypotenuse is equal to the sum of the squares of the other two sides. "

Then it can be written as,

BC² = AB² + AC²​​.

Where,

​​​​AB is the base,

AC is the altitude (height), and

BC is the hypotenuse.

Given,

Colton looks around at an assembly. he notices his younger sister to his right and his older brother 7 feet ahead of him.

And Colton's brother and sister are 8 feet apart.

Now, we need to find the distance between Colton and his younger sister.

Based on the given statement, we can draw their position like the following figure.

Here B represents the position of Colton, A represents the position of his older brother and C represents the position of his younger sister.

Now, we have to use the Pythagoras Theorem in order to solve it,

=> 8² = BC² + 7²​​.

=> 64 = BC² + 49

=> 64 - 49 = BC²

=> BC² = 15

=> BC = √15

Therefore,

=> BC ≈ 3.9 feet

Therefore, the distance between Colden and his younger sister is approximately 3.9 feet.

To know more about Pythagoras Theorem here.

https://brainly.com/question/343682

#SPJ4

PLEASE PLEASE ANSWER QUICK
What is the domain of the relation?

Answers

The first one {x|x€R}

Which of the following options are examples of how you can name the angle?

Answers

Answer:

<STP

Step-by-step explanation:

Rachel has 15 markers. She gives 4 markers to
Jordan and 3 markers to Chris.

How many markers does Rachel have now?

Answers

The answer is 8 markers

Step-by-step explanation:

Since all children are collecting markers from Rachel who has 15 markers, the equation will be:

Markers Left = 15 - 4- 3

Markers Left = 11 - 3

Markers Left = 8

A teacher surveys a random group of students about their preference for doing classwork
online or on paper. The results are shown in the table below.
STUDENT CLASSWORK
PREFERENCE
Preference
Online
Paper
Number of
Students
17
8
Based on the results, how many students out of 350 will most likely have a preference to
do their classwork online?
Show your work.

Answers

The number of students those who will most likely have their preference  to do their classwork online is 238 out of 350

According to the question statement, A teacher surveys a random group of students about their preference for doing classwork online or on paper.

17 Preferred Online and 8 Preferred on paper.

We are supposed to find the number of students who will most likely have their preference to do their classwork online.

We will be using the concept of Probability for solving this.

[tex]Probability(Event)=\frac{Favourable Outcomes}{Total Outcomes}[/tex]

Probability(Event) = Favorable Outcomes/Total Outcomes

For the survey probability of students preferring online mode of classwork is = [tex]\frac{17}{17+8} =\frac{17}{25}[/tex]

                     = [tex]0.68[/tex]

Now if we consider a group of 350 students and probability of students preferring online mode of classwork as 0.68

Let the number students preferring online mode of classwork be "x"

so  [tex]\frac{x}{350} =0.68[/tex]

or  [tex]x=0.68*350\\x =238[/tex]

Therefore, the number of students those who will most likely have their preference  to do their classwork online is 238 out of 350

Probability: P(A) = n(A)/n(S)

where P(A) is the probability of an event “A”,  n(A) is the number of favorable outcomes and n(S) is the total number of events in the sample space.

If you want to learn more about probability, click on the link given below:

https://brainly.com/question/11234923

#SPJ9

Say you are given the graph of a line y=-x. Write an equation that intersects the given line but is not perpendicular to it. PLEASE ANSWER!!! NEED EXTREME HELP!!!

Answers

Answer:

fdsjfgdndgnxhñgjxgjxgjx

4.51X3=
SHOWN WORK 13.53

Answers

Multiplication is the opposite of division. When we multiply 4.15*3 we get 13.53.

What do you mean by multiplication?

Multiplication is one of the four basic arithmetic operations, alongside the addition, subtraction, and division. In math, multiply means the repeated addition of groups of the equal sizes.

The symbols for multiplication are cross (x), asterisk (*), and dot (.). You seem to utilize the cross a lot when you write in your notebooks. In both algebra and computer languages, the asterisk and dot are symbols (higher mathematics).

Commutative Property: According to this property, when we multiply two numbers, the result will not change depending on the order.

Associative property: It states that if we multiply three or more numbers consecutively, the order is irrelevant.

4.51

X   3

-----------

13.53

-----------

To know more about division visit: https://brainly.com/question/25921802

#SPJ9

What is the solution to this equation?
5(x-6) + 3 = -7
OA. x=4
OB. x=2
OC. x=3
OD. x = 5
SUBM

Answers

Answer:

the is X=4

Step-by-step explanation:

Distribute

5(x-6)+3= -7

5x-30+3= -7

add numbers

5x-30+3= -7

5x-27= -7

add 27 to both sides

5x-27= -7

5x-27+27= -7 + 27

simplfly

5x=20

divide both sides by 5

5x = 20

-- ----

5. 5

5 and 5 are off

divide 20 by 5

20/5= 4

therefore x= 4

hope this help if it does help I'd be happy if you follow and give me the brainliest answer

What is 7[2.5 + 3(12 - 7)] and can you please show me how to do it​

Answers

Answer: 122.5

Step-by-step explanation:

First, you have to do the distributive property for all numbers. In order to do that, you must first combine like terms.

Combining like terms are numbers that are in the parenthesis that don't have an exponent, variable, etc. In this case, you would combine 12 and -7 since they are in the same parenthesis case. 12-7 would be 5. Now, you have 7[2.5] + 3(5)]

Next, you use PEMDAS which means multiplication (parenthesis) is next which means you multiply 3 and 5. 3x5 - 15.

After that, you combine like terms again with the 2.5 and the 15 since the 15 is now out of the parenthesis. 2.5 + 15 = 17.5

Finally, you take the 7 and multiply that by 17.5 now that you have those 2 numbers left and they are in the brackets. 17.5x7 is 122.5!

However, if there is a variable to solve for, then the answer would be none/no solution because both sides are not equal.

A yard has a perimeter of 190 feet. If four times the length of the yard equals 15 times the width, what are its dimensions

Answers

We get the dimensions of the park as length = 75 feet and width = 20 feet.

We are given that:

A yard has a perimeter of 190 feet.

Also, four times the length of the yard equals 15 times the width.

Now,

Let the length of the yard be x.

ATQ, we get the width of the yard as:

15 width = 4 x

Width = 4 / 15 x

Perimeter = 2 ( l + b )

190 = 2( x + 4 / 15 x )

95 = 19 x / 15

19 x = 95 × 15

19 x = 1425

x = 1425 / 19

x = 75 feet.

Length = 75 feet

Width = 4 / 15 x = 20 feet.

Therefore, we get the dimensions of the park as length = 75 feet and width = 20 feet.

Learn more about perimeter here:

https://brainly.com/question/24571594

#SPJ9

Which set of values contains no integers?

A. {-5, 9/3, 7.2}

B. {2.2361, 4, 7.8}

C. {-12, -3.33, 2.6458}

D. {-23/5, 2.4495, 5.1}

Answers

All of them have integers.

Answer:

D

Step-by-step explanation:

Integers found in:

A: -5, 9/3 = 3

B: 4

C: -12

Hope this helped! ^^

2(6-9)-31 helpppppppppppppppp

Answers

Answer: -37

Step-by-step explanation:

Use order of operations

2(6-9)-31

2(-3)-31

-6-31

= -37

The parent graph for a linear function and an absolute value function are shown below. Compare and contrast the two functions. Please include information about the characteristics of each graph, including, but not limited to domain/range, shape of the graph, etc.

Answers

From the left, the first graph's characteristics is as follows

v shaped representing two straight line graphIt has two slopes, one is negative the other is positive slopeThe intercept is 0The domain is - 10 to 10The range is - 10 to 10The graph passed through the origin

The second graph characteristics is as follows

The shape represents a single straight line graphThe graph has one positive slopeThe intercept is zeroThe domain is - 10 to 10The range is - 10 to 10This graph passed through the origin

What is a graph?

A graph is a pictorial representation of values used in data presentation. A graph is very useful in research as the values can help show the relationship between the data obtained. Graphs can also be used to predict events and can have multiple other uses depending on the type of graph and the nature of data plotted.

A graph has so many features that varies by the type of graph and the information it is representing. The graph treated here is a straight line graph and the equation is: y = mx + c

where m is the slope , and c is the intercept

Read more on graphs here: https://brainly.com/question/19040584

#SPJ1

Is height discrete or continuous data? Give a reason for your answer.



please help​

Answers

Answer: Continuous data

Step-by-step explanation:

Using the protractor tool on the right, choose the image that represents an angle that is 100°.

Answers

Answer:

If I'm right it should be B.

Step-by-step explanation:

I looked it up

Help, Theres a time limit!

Answers

Answer:

The answer is 2.72 * 10^8 sec.

Step-by-step explanation:

Distance between Earth and Sirius is 5.062 * 10^13 miles.

Time taken = Distance travelled/speed

5.062*10^13 miles/sec/1.86*10^5 miles.

=2.72 * 10^8 sec.

So this means that the time taken to travel light from Sirius to Earth is 2.72*10^8.

M
80.7°
Solve x
29°
N

Answers

Answer:

So what's M and N?

Step-by-step explanation:

please help me with this problem

Answers

Answer:

The equivalent fraction of 6/9 is 4/6

The answer is 9!
Explanation:
9 divided by 6 = 1.5
6 x 1.5 = 9

PLEASE AM BEGGINNN YOUUUUU

Answers

Answer:

Step-by-step explanation:

A)

A - the population after its decrease

x - the number of years in which there has been a decrease in population

Hence,

[tex]\displaystyle\\A=30000-475x\\A+475x=30000-475x+475x\\A+475x=30000\\A+475x-A=30000-A\\475x=30000-A[/tex]

Divide both parts of the equation by 475:

[tex]\displaystyle\\x=\frac{30000-A}{475}[/tex]

B)

[tex]\displaystyle\\x=\frac{30000-24300}{475} \\\\x=\frac{5700}{475}\\\\x=\frac{12*475}{475} \\\\x=12\ years[/tex]

The length of a rectangle is 6 more than its width. The perimeter of the rectangle is 60 feet. If w is the width of the rectangle, which expression represents the length? w+5 w-5 5w 1/5w​

Answers

The length expression is 6 + w

How to determine the length expression?

The given parameters are:

Length =6 more than the width

Width = w

Perimeter = 60

Subsitute Width = w in Length =6 more than the width

This gives

Length =6 more than the w

More than mean +

So, we have

Length = 6 + w

Hence,  the length expression is 6 + w

Read more about perimeter at:

https://brainly.com/question/24571594

#SPJ1

The graph of the function f(x) = -(x + 3)(x - 1) is shown
below.
-6 -4-2
6
A
2
-2
-4
-6-
y
2
4
6

X
What is true about the domain and range of the function?
The domain is all real numbers less than or equal to
4, and the range is all real numbers such that -3 ≤x≤
1.
The domain is all real numbers such that -3 ≤ x ≤ 1,
and the range is all real numbers less than or equal to
4.
The domain is all real numbers, and the range is all
real numbers less than or equal to 4.
The domain is all real numbers less than or equal to
4, and the range is all real numbers.

Answers

I don’t see a graph?

Shaneya purchased a membership to play basketball at her local gym. The membership costs $150 for the year, plus she pays $2 to rent equipment each time she goes. If Shaneya doesn't want to spend any more than $300 on basketball for the year, what is the maximum amount of times can she go to the gym to play?

Answers

Answer: maximum amount: 75 times a year

Step-by-step explanation:

The equation of line j is y+5=8(x+4). Perpendicular to line j is line k, which passes through the point (4, – 1). What is the equation of line k?

Answers

8x+y=31

perpendicular means the slopes are opposite reciprocals of each other.  perpendicular to: y +5= 8(x +4)   →   m = 8   m⊥ = -8

Input the slope (m⊥ = -8) and the point (x₁, y₁) = (4, -1) into the Point-Slope formula: y - y₁ = m(x - x₁)

y - (-1) = -8(x -4)

y + 1 = -8 x + 32      simplified

8x+y =31      

learn more of perpendicular line here

https://brainly.com/question/11917669

#SPJ9

f(x) = 12x + 10 is a function which can used to to calculate a person's daily paycheck.
Which would be a reasonable domain for this function?


A : all real numbers
B : 0 C : 0 D : 0

Answers

A : all real numbers

Answer:

A. All real numbers.

Step-by-step explanation:

Evaluate the expression for X=6 y= -1 4x + 5y

Answers

Answer:19 ans.Step-by-step explanation:Given:x = 6y = -1To Find:Evaluate 4x + 5ySolution:

We know the value of x and y,

x = 6 and y = -1 [Given]

Substitute the value,

4x + 5y4(6) + 5(-1)24 + (-5)24 - 519 Ans.

Is the following statement true or false?

The intersection of three planes can be a point

Answers

Answer: Sometimes true

Step-by-step explanation:

This statement is sometimes true. If three planes intersect, then their intersection can be a line or a point.

please help thank youuuu

Answers

Answer:  87/100

Step-by-step explanation:

Please help I have no idea

Answers

Answer: a=5

Step-by-step explanation:

-4(7a+5)=-160

-28a-20=-160

-28a-20+20=-160+20

-28a=-140

a=5

that’s the work hope it helps

Help please I don’t understand it What is the sum of these questions?
1.X - 10=-9
2.X + 10 = -3
3.x- 3 = 4
4. x / 5 =2
5.22= -11k
6.-13m = -377
7.b - 7= -1
8.-8 = p - 13
9.-40 = -5p
10.-2 = m / 16

Answers

I need some help since I don't comprehend what you're asking.

1. A(x) = (f(x)-f(a)) / (x-a) This average rate of change function is called A. The function f's input is represented by x minus a, while the function f's response to the input changing from a to x is represented by f(x) minus f(a).

f(5)=-2 f(9)=14 (f(5)-f(9))/(5-9)=(-2-14)/-4=4 from the table.

Over the range of x = 5 to x = 9, the average rate of change is 4.

2. g(x)=2x2+13x+1, f(x)=4x2+6x

(f/g)(x)=(4x²+6x)/(2x²+13x+1)

Using the numbers shown in the table, x = 4,5,6,7,8,9 and f(x) = 88,85,155,116,180,151,238.190,304,233,378.280

3. f(x)=x2-6x+8, g(x)=x-2, x2-6x-x+8+2=0, x2-7x+10=0 f(x)=g(x)x2-6x+8=x-2x2-6x-x+8+2=0

x₁,₂=(7⁺₋√(7²-4*10))/2=(7⁺₋3)/2 x₁=5, x₂=2

Because 2 doesn't appear in the table of values, the answer using the table of values is x=5.

To learn more about average rate visit : https://brainly.com/question/8061202

#SPJ9

Other Questions
The quality of evidence supporting an rda is ______ the quality of evidence supporting an ai. What tone is set by the essay, "The Customs House"? Mrs. thompson entrusts her pre-arrangements with joyovich funeral home. joyovich funeral home is the:_____ The nurse is caring for a client who asks to use a bedside commode. prior to assisting the client, what things are important for the nurse to assess? A client is experiencing generalized weakness and body aches. in the progress of infection, the client is in the? Graph the equation. Plot at least five points on the graph and label them with theircoordinates. What are the challenges facing the world in terms of epidemics and pandemics? Exercise 3 Identify the purpose and topic of each topic sentence given below.The earth is in grave danger from our constant pollution. the kind of light coming from a substance solve the question 3/8x-1/4=1/2x=? A design team is developing a new product and they want to understand how to build it. Which type of research can best help the team answer their question? Which graph represents the solution set for the inequality 1xs18?OOOO01 2 3 4 567 8 9 100 6 12 18 24 30 36 42 48 54 600 1 2+ + ++344 5 6 7 8 9 10+0 6 12 18 24 30 36 42 48 54 602k Why did the Vikings invade England? You're making dessert but your recipe needs adjustment your peanut butter cookie recipe makes three dozen cookies but you need two dozen if the recipe requires 3/4 cup of vegetable oil 2 teaspoons of vanilla extract and one and one half cups of peanut butter how much of each of these ingredients are necessary for two dozen cookies More than a century ago, British Prime Minister Benjamin Disraeli (18041881) declared: "I must follow the people. Am I not their leader?" What do you think he meant when he made that comments? What is the main reason why Ukraines army is so strong If a central bank wants to counter the change in the price level caused by an adverse supply shock, it could change the money supply to shift? Marking brainliest The___ Effect is the movement of_____and ____ clockwise or____ that is caused by the Earth's ____. Which of the following was NOT an accomplishment of Reconstruction?A. Developed school systemsB. Developed transportation infrastructureC. Made important strides toward equal rightsD. Brought equality to voting practices in the South How did the columbian exchange affect interaction between europeans and natives and among indigenous peoples in north america?