As part of your retirement, you wish to generate $2,000 monthly payments for a 15-year period. The annual interest rate is 5%. What minimum amount is necessary to fund these payments?

Answers

Answer 1

Answer:

$962.0

Step-by-step explanation:

The formula for amount is ;

[tex]A=P(1+\frac{r}n} )^{nt}[/tex]

where

A= amount at the end of the period= $2000

P=minimum amount necessary to fund the payments

r= annual interest rate = 5% = 0.05

n= number of compounding per year , 1

t= time period = 15 years

Applying the values to the formula as;

[tex]2000=P(1+\frac{0.05}{1} )^{1*15} \\\\\\2000=P(1.05)^{15} \\\\\\2000/2.079=P\\\\\\962.0=P[/tex]


Related Questions

2 (x - 3) + x(x + 1)

Answers

Answer:

[tex]x^{2}[/tex] + 3 - 6

Step-by-step explanation:

Answer:

x2+3x-6

Step-by-step explanation:

Consider the rates 4/5 miles in 8 minutes and 4 minutes to travel 2/5 mile

Answers

Answer:

960

Step-by-step explanation:

I'm not sure exactly what's the question, but here's what I found. Lets first put it in our own words.

Consider the speed 4/5 miles in 12 minutes to travel 2/8.

8 + 4 = 12, so you can replace that with 12 minutes.

Now, you can absolutely guess your question.

Time = 12 minutes.

Distance = x (Let x be distance)

Speed = 4/5.

Now, you find distance.

Distance Formula: You can use the equivalent formula d = st which means distance equals rate times time.

So 4/5 × 12, is 9.6.

In fraction, if you have 1 numbers after the decimal point, multiply both numerator and denominator by 10. So 9.6 = (9.6 × 10) × 10 = 960.

Here is a pattern I found

2/5 divided by 4 is 1/10

4/5 divided by 8 is 1/10

If , we consider the given rates , we find that both rates are equivalent.

Two rates are given which are 4/5 miles in 8 minutes and 2/5 miles in 4 minutes.

We have to find out what they actually indicate.

What is the unitary method?

The unitary method is a method in which we find the value of a unit and then the value of the required number of units.

As per the question ;

Two rates are given which are ;  4/5 miles in 8 minutes and 2/5 miles in 4 minutes.

Let's find out what they are actually indicating.

So ;

If , distance travelled in 8 minutes = 4/5 miles

Then ;

In 1 minute , distance travelled will be ;

= [tex]\frac{4}{5*8}[/tex]

= [tex]\frac{4}{40}[/tex]

= 1 / 10 miles

and

If , distance travelled in 4 minutes = 2/5 miles

Then ;

In 1 minute , distance travelled will be ;

= [tex]\frac{2}{5*4}[/tex]

= [tex]\frac{2}{20}[/tex]

= 1 / 10 miles

So , we can conclude that both rates are equivalent.

Thus , if we , consider the given rates , we find that both rates are equivalent.

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what is central and inscribed angle​

Answers

Answer:

An inscribed angle is an angle formed by two chords in a circle which have a common endpoint. This common endpoint forms the vertex of the inscribed angle. The other two endpoints define what we call an intercepted arc on the circle. The intercepted arc might be thought of as the part of the circle which is "inside" the inscribed angle.

Lauren and her sister are buying their mom a watch for her birthday. The original price of the watch is $50, but the store is having a 25% off sale on watches. The sales tax in Lauren’s state is 6%.
How much will Lauren and her sister pay for the watch including tax?
What percent of the original price do Lauren and her sister pay for the watch, after paying tax?

Answers

Step-by-step explanation:

75×50/100= 37.5$

37.5×6/100=225/100=2.25$

37.5+2.25= 39.75$

Charlie can spend up to 10$ on lunch. He wants to buy a turkey sandwich, a bottle of soda,
and x pounds of macaroni. If a turkey sandwich cost $3.75, a bottle of soda cost $2.25, and
macaroni costs $2 per pound, find the range of pounds of macaroni that Charlie can buy.

Answers

Answer:

he can buy 2 pounds of macaroni

Step-by-step explanation:

first you add up the 3.75 and the 2.25 from the turkey and the soda. it ranges to 6 dollars. then if each macaroni pound is 2 you will be able to buy 2 pounds from the 4 dollars you have lefy

Answer:

Charlie can buy 1 or 2 pounds of macaroni

Step-by-step explanation

If we add up the cost of the turkey sandwich and the soda, we get $6.00. Charlie has $10.00 to spend, so when he buys the sandwich and soda, he will have $4.00 left to spend. If the macaroni is $2.00 per pound, then Charlie can buy 1 or 2 pounds of macaroni.

hope this helped

nya wants to buy a sweater that had an original price of 55. the sweater is now discounted 20% and the sales tax rate is 5.5%. how much will nya pay for the swearter

Answers

Answer:

Step-by-step explanation:

55 - 20% = 44

5.5% of 44 = 2.42

2.42 + 44 = 46.42

hope this helps. :]

Can someone answer this for me ill give brainliest asap

Answers

the answer is non linear

please help me!!!!!!!!!!!!!

Answers

Let x be the length of each row.
Denver can plant 3 rows of a certain length with 2 seedlings leftover.
Total number of seeds he has = 3x+2 Denver can plant 4 rows of the same length with 3 seedling spots left empty.
Total number of seeds he has = 4x-3 Using (i) and (ii), we get= 3x+2=4x-3

Isolate variable terms: 2+3=4x-3
Answer= 5=X

what is. the value of x in the equation 2.5(6x-4)=10+4(1.5+0.5x)?

Answers

Answer:

x=2

Step-by-step explanation:

We first distribute this. So we have 15x-10 = 10 + 6 +2x.

Then we move the variable to one side and have 13x= 10+10+6

Simplify to get 13x = 26.

x=2

There were 5 girls in Ms. Smith’s 6th period class. If 45% of students are girls, about how many boys are in her class?​

Answers

Answer:

5 is 45% of 11.11

Step-by-step explanation:

One of the zookeepers solved to find Bernard's speed
when he is, healthy using the equation:
x - 41.5 = 13.5.
The other Zookeeper said that to solve for Bernard's
speed when he is healthy, they must use the equation:
41.5 + 13.5 = x.
Which zookeeper is correct? Explain.

Answers

The second zookeeper is correct you need two answers together to get x

Answer:

Well both zookeepers are correct but the second zookeepers answer was more accurate.

Step-by-step explanation:

The first zookeeper gave the equation :

[tex]x - 41.5 = 13.5[/tex]

So , In order to find Benards speed which is denoted as x , we would still have to collect like terms to isolate x.

The second zookeeper gave the equation :

[tex]41.5 + 13.5 = x[/tex]

In this equation the zookeeper had already isolated x so, only simple addition was needed to find Bernard's speed.

This equation is easier to solve.

How manys days makes a leap year?​

Answers

Answer: In an ordinary year, if you were to count all the days in a calendar from January to December, you'd count 365 days. But approximately every four years, February has 29 days instead of 28. So, there are 366 days in the year. This is called a leap year.

Step-by-step explanation:

What is the answer to 0.5x(y - z) in distributive Property?

Answers

Answer- 0.5xy-0.5xz

Find the area.

A. 91 ft

B. 78ft

C.77 ft

D. 105ft

Answers

Answer:

78

Step-by-step explanation:

11(a) + 15(b) / 2×6(h)

If the perimeter of the triangle is 40 cm, find the area of the triangle.

The area of the triangle is, ? cm2.

Answers

Answer:

102 cm²

Step-by-step explanation:

Perimeter is:

P = 40 cmand P = 2x - 4 + 5x - 13 + x + 9 = 8x - 8

Comparing the value:

8x - 8 = 40 8x = 48x = 8 cm

Are formula:

A = 1/2ah

Replacing values:

A = 1/2(x + 9)(2x - 4)A = 1/2(8 + 9)(2*8 - 4) = 1/2*17*12 = 102 cm²

Answer:

60cm²

Step-by-step explanation:

To find :-

The Area of the triangle .

We know that Perimeter is the sum of sides of a triangle. Here the perimeter is 40cm .

→ 2x - 4 +5x - 13 + x + 9 = 40cm .

→ 8x - 8 = 40cm

→ 8x = 40+8 cm

→ 8x = 48 cm

→ x = 6cm .

We know that the area of the triangle is half the product of base and height .

Base = x + 9 = 15cm Height = 2x -4 = 8cm .

→ A = 1/2 × b × h

→ A = 1/2 × 8cm × 15cm

→ A = 60cm²

The points (10, 8) and (19, 17) fall on a particular line. What is its equation in slope-intercept
form?

Answers

Answer:

Step-by-step explanation:

First, find the slope using the two given points and the slope equation.

[tex]m=\frac{y2-y1}{x2-x1}=\frac{17-8}{19-10}=\frac{9}{9}=1[/tex]

We can enter [tex]m[/tex] into our slope-intercept form now.

[tex]y=mx+b\\y=1x+b\\y=x+b[/tex]

Now, plug in one of the given points to solve for b.

[tex]8=10+b\\b=-2[/tex]

So our final form is:

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

Hope this helps!

The equation of the line passing through the points (10, 8) and (19, 17) is y = x - 2.

What is the general equation of a straight line?

The general equation or the slope - intercept form of a straight line is -

y = mx + c

Where -

[m] is the slope of the line.

[c] is the y - intercept.

Given is a line such that points (10, 8) and (19, 17) lie on this line.

The given coordinates are (10, 8) and (19, 17).

First, we will find the slope of the line as follows -

m = (17 - 8)/(19 - 10)

m = 9/9

m = 1

So, the equation of the line will be -

y = x + c

Now, we will find the y - intercept. As the line pass through the point

(10, 8), we can write -

8 = 10 + c

c = 8 - 10

c = -2

So, the equation of the line will be y = x - 2.

Therefore, the equation of the line passing through the points (10, 8) and (19, 17) is y = x - 2.

To solve more questions on straight line, visit the link below-

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What is the slope of the line? (Linear equations and slope quiz I-ready)

Answers

Answer: 2

Step-by-step explanation:

The slope of the linear graph in the question obtained using the ratio of the rise and run of the line is 2.

Recall :

Slope = Rise / Run

From the graph :

Rise = y2 - y1 = 5 - (-1) = 5 + 1 = 6

Run = x2 - x1 = 2 - (-1) = 2 + 1 = 3

The slope of the graph can be expressed thus :

Slope = Rise / Run = 6 /3 = 2

Therefore, the slope of the line in the graph attached is 2

Learn more :https://brainly.com/question/18405415

Dan is driving from his hometown to California to Colorado for a ski vacation. The equation defines the distance he is from home h hours after noon. What are the meanings of the values in the equation?
y=70h+100
a. Dan is 100 miles from home at noon and is traveling at 70 miles per hour.
b. Dan is 70 miles from home at noon and is traveling at 100 miles per hour.
c. Dan leaves at 1:00 and is traveling at 70 miles per hour.
d. Dan leaves at noon and is traveling at 100 miles per hour.

Answers

Answer:

a. Dan is 100 miles from home at noon and is travelling at 70 miles per hour.

Step-by-step explanation:

Given

[tex]y = 70h + 100[/tex]

Required

Interpret

An equation has the form

[tex]y = mx + b[/tex]

Where

[tex]m = rate[/tex]

[tex]b = y\ intercept[/tex]

By comparison with [tex]y = 70h + 100[/tex]

[tex]m = 70[/tex]

i.e. He travels at 70 miles per hour

And

[tex]b = 100[/tex]

This represents the initial distance as at when he started travelling (12 noon)

i.e. At noon, he is 100 miles away from home

Answer:

A is the right answer.

Step-by-step explanation:

A= 12.8m
B=13.9m
C=12m
D= 7m

Answers

Answer:

C: 12m

Step-by-step explanation:

We can solve this by using the Pythagorean Theorem [tex]a^{2} + b^{2} = c^{2}[/tex]

For this triangle

a= x   b= 5   c= 13

We now have the equation

[tex]x^{2} + 5^{2} =13^{2}[/tex]

If we simplify this we get

[tex]x^{2} + 25 = 169[/tex]

Next, we subtract 25 from both sides

[tex]x^{2} = 144[/tex]

Finally, if we take the square root of both sides of the equation, we find that

x= 12

HELP HELP! PLEASEEEE​

Answers

Answer: All of the ones with a positive and negative. If it’s positive and positive or negative with a negative put in the equation, it’ll always equal a positive. Hope that helps!

Answer:

-6 * 7

-8 * 8

11 * (-2)

Step-by-step explanation:

Hope this helps :D

Please help me please!

Answers

Answer:

(2) 19

Step-by-step explanation:

[tex]2(3^x)+1[/tex][tex]2(3^2)+1[/tex][tex]2(9)+1[/tex][tex]18+1[/tex][tex]19[/tex]

someone help meh please:)
simplify the complex fraction -3/5 2 1/4​

Answers

Answer: =−1 7/20

(Decimal: -1.35)

Step-by-step explanation: Hope this helped, Happy new years!

HELP PLEASE AWARDING BRAINLIEST IF CORRECT

Answers

Answer:

y=1/4x+9

Step-by-step explanation:

x-4y=-36

add 4y to both sides to find x

x=4y−36

To find y=

add -x to both sides

−4y=−x−36

divide both sides by -4

y=mx+b

y=1/4x+9

How do I plot this?


Answers

you should have a dot on the -2 on the y line

A bricklayer can build a wall of a certain size in 5 hours. Another bricklayer can do the same job in 4 hours. If the bricklayers work together, how long would it take to do the job?
a. 9h
b. 2(2/9)h
c. 20h
d. 4(1/2)h

Answers

Answer:

b

Step-by-step explanation:

It will take [tex]\frac{20}{9}[/tex] hours as per linear equation to complete the wall.

What is a linear equation?

A linear equation is an equation where the variable of the equation has the highest power of degree one.

Given, the 1st bricklayer build a complete wall of certain size in 5 hours.

Therefore, that bricklayer build [tex]\frac{1}{5}[/tex]th of the complete wall in 1 hour.

Similarly, the 2nd bricklayer build a complete wall of certain size in 4 hours.

Therefore, that bricklayer build [tex]\frac{1}{4}[/tex]th of the complete wall in 1 hour.

If they work together, in 1 hour they build a total of ([tex]\frac{1}{5}[/tex]+[tex]\frac{1}{4}[/tex])th = [tex]\frac{9}{20}[/tex] of the complete wall.

Hence, they will complete the wall in (1÷[tex]\frac{9}{20}[/tex]) hours = [tex]\frac{20}{9}[/tex] hours.

Learn more about a linear equation here: https://brainly.com/question/13738061

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Compare 6 ⋅ 108 to 3 ⋅ 106

6 ⋅ 108 is 2,000 times larger than 3 ⋅ 106.
6 ⋅ 108 is 200 times larger than 3 ⋅ 106.
6 ⋅ 108 is 20 times larger than 3 ⋅ 106.
6 ⋅ 108 is 2 times larger than 3 ⋅ 106.

Answers

Answer:

6 ⋅ 108 is 2 times larger than 3 ⋅ 106.

(6 x 10^8) ÷ (3 x 10^6) = 200

So the answer is 6 ⋅ 10^8 is 200 times larger than 3 ⋅ 10^6.

Hopes it helps.

Chantay made this square picture. She wants to glue yarn around the border to make a frame. How much yarn does she need?

Answers

Answer:

60 I

Step-by-step explanation:

because it would be 15 times 4 right I think


Find the equation of the line that is perpendicular to y = –3x + 1 and passes though the point (6, 3).
A) y =
1
3
x + 1
B) y = –
1
3
x + 1
C) y = 3x – 5
D) y = –3x – 5

Answers

Answer:

A. y=1/3x+1

Step-by-step explanation:

When finding a line that is perpendicular to another line, all you have to do is find the "opposite reciprocal" of the slope. In this case that means writing the slope as the fraction -3/1, and then flipping the fraction over (1/-3) and taking away the negative sign which gets you 1/3 for the slope of your new line. Now, all you have of your new equation is the slope. You need to take your new equation (y=1/3x+b) and plug in the x and y coordinates to that equation, and then solve for the last variable which is b. That solving process goes as follows:

3=1/3*6+b

3=2+b

1=b

now you can replace the b with 1 in your equation to get your final answer of y=1/3x+1

can someone help me T-T

Answers

Answer:

This should be the answer

Step-by-step explanation:

One = a, c, f, e

Infinite = d

No = b

Hakim Ellison wants to buy a 4 door sport utility vehicle 4 wheel drive hybrid. There is an 8% sales tax on the purchase price of the SUV in his state. If he pays the full sticker price for the SUV, how much is the total?

Answers

Answer: $60401.16

Step-by-step explanation:

From the attached image, the total price for the vehicle = $55,927.

If he were to pay the full sticker price for the SUV, the total would sum up to

= $55,927 + 8% sales tax

= $55,927 + 8/100( $55,927)

= $55,927 + 0.08($55,927)

= $55,927 + $4474.16

= $60401.16

The total would sum up to $60401.16

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