How much could you save for retirement if you chose to invest the oney you spend on Starbucks coffee in one year? Assume you buy one venti latte for $4.50 each weekday for 50 weeks and can invest the total amount in a mutual fund earning 5% compounded annually for 30 years. ROUND THE ANSWER TO TWO DECIMAL PLACES.

Amount saved for retirement: ________________

Answers

Answer 1

Answer:

The answer should be $7,087.50

Step-by-step explanation:

4.50 x 50 = 225

225 x 1.05 = 236.25

236.25 x 30 = 7087.50

Answer 2

Compound interest is the interest we earned from the principal together with the interest.

The formula for compound interest:

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

P = $1125

R = 5% compounded annually

Time = 30 years.

The amount saved for retirement is $4861.13.

What is compound interest?

It is the interest we earned from the principal together with the interest.

The formula for the amount earned with compound interest after n years is given as:

The formula for compound interest:

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

We have,

Principal:

There are 5 weekdays in a week.

50 weeks = 50 x 5 weekdays = 250 weekdays.

One weekday = $4.50

250 weekdays = 250 x 4.50 = $1125

Now,

P = $1125

Rate = R = 5%

Time = T = 30 years

n = 1

The formula for compound interest:

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

A = 1125 [tex](1 + \frac{5}{100}) ^{30}[/tex]

A = 1125 x 4.321

A = 4861.125

A = $4861.13

Thus,

The amount saved for retirement is $4861.13.

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Related Questions

A kite was broken into two triangles of the same size and shape .
The area of each triangle is ? Square centimeters
20,40,80,160
The total are of the kite is ? Square centimeters
40,80,160,320

ANSWER_
The answers are 40 and 80

Answers

Answer:

hey the answer is 402

Step-by-step explanation:

Answer:

40 and 80

Step-by-step explanation:

got it on edgenuit y

In the last several weeks, 18 days saw rain and 29 days saw high winds. in the same time period 7 days saw both rain and high winds. How many days saw either rain or high winds

Answers

Answer:

40 days saw either rain or high winds

Step-by-step explanation:

We solve this question using Venn sets.

I am going to say that:

Set A: Rain

Set B: High winds.

18 days saw rain

This means that [tex]A = 18[/tex]

29 days saw high winds

This means that [tex]B = 29[/tex]

7 days saw both rain and high winds.

This means that [tex]A \cap B = 7[/tex]

How many days saw either rain or high winds?

This is

[tex]A \cup B = A + B - A \cap B[/tex]

Sp

[tex]A \cup B = 18 + 29 - 7 = 40[/tex]

40 days saw either rain or high winds

PLZ HELP I WILL GIVE BRAINLIEST I CANT FIGURE OUT THIS QUESTION I HAVE AUTISM

Answers

There are taller lines on the left side of the line.

This means it is skewed to the right.

The are taller lines on the left side

.......................................................................................

Answers

Answer:

you have it right

Step-by-step explanation:

The director of Washington County Animal Services wants to learn more about the adoptable pets in local animal shelters. Which of these methods will produce the most representative sample of the population of adoptable pets at shelters in Washington County? O A. The director visits each shelter and evaluates the first 10 cats in each place. O B. The director evaluates all adoptable rabbits at area shelters. O C. The director selects adoptable pet ID numbers at random from each shelter. O D. The director evaluates every adoptable pet at one selected shelter.​

Answers

The answer should be option C

Answer: It is C, The director selects adoptable pets ID numbers at random from each shelter!

Step-by-step explanation: I took the quiz on A P E X^^

Square Root Equation! HELP ME!!!!

Do not scam or false answers.

Answers

the 2nd one is 5 because 5x5 or 5 squared is equal to 25. and the first one i’m not sure of

In a complete sentence, describe the relevant angle relationships in the following diagram. Find the measures of 푥푥 and 푦푦.

Answers

Answer:

Um, what is 푦푦?

Step-by-step explanation:

Answer:

Yes, but actually yes.

Step-by-step explanation:

Solve For X. Your answer must be simplified

Answers

x_>-42

sorry, i cant do the arrow thing on my keyboard, but it’s the same arrow in the picture

Which statements about the formulas for finding area are true? Select two options.
The area formulas for a triangle and a parallelogram require multiplying base by height.
A triangle and parallelogram with the same base and height will have the same area.
A rectangle and parallelogram with the same base and height will have the same area.
The area formula of a trapezoid requires finding the product of the bases.
The base of a triangle is always the shortest side.

Answers

Answer:

The area formulas for a triangle and a parallelogram require multiplying base by height.

A rectangle and parallelogram with the same base and height will have the same area.

Answer:

a and c to make it easier

Step-by-step explanation:

how would I find the are without height and what would the formula be​

Answers

The height is 6tan(60)=10.39 then plug that in to trapezoid area formula
(11+6+15)/2*10.39=166.24

Domain and range of graph need ASAP

Answers

Answer:

Domain: [tex]-6 \leq x \leq 3[/tex]

Range: [tex]-3 \leq x \leq 6[/tex]

Step-by-step explanation:

The domain is the set of real values which can be inputted into a function and produce a real output. In this case, the domain is the following: [tex]-6 \leq x \leq 3[/tex], because this is the set of real values for which the function will produce a real output.

The range is the set of real values which a function outputs when a value from the domain is entered into the function. This is the set of y-values that one can see on the graph, the possible y-values are in between (-3) and (6).

i need help <3 <3 <3 <3 <3 <3 <3 <3 <3 <3 <3\

Answers

Answer:

the cordnate for X is 2 the cordnate for Y is -2

Answer: the coordinate for X is 2 the coordinate for Y is -2.

Step-by-step explanation:

two more than a number is less than 13

Answers

Answer:

x + 2 < 13

Step-by-step explanation:

hopefully this helps :)

have a nice day !!

**please let me know if this wasn't what you were looking for**

According to a survey of​ workers,6/50 of them walk to​ work,1/50 ​bike, ​10/50 carpool, and 33/50 drive alone. What percent of workers walk or bike to​ work? From the​ survey, nothing​% of workers walk or bike to work.

Answers

Answer:

14%

Step-by-step explanation:

What is the length of PR?

Answers

Answer: The length of PR is 7 units.

Step-by-step explanation:The length of PR is 7 units.

Answer:

A.7

Step-by-step explanation:

Juan determines that a triangle has sides that measure 5 cm, 12 cm, and 13 cm. The same triangle also has one 90°° angle and two angles that are less than 90°°. Which best describes the triangle Juan is measuring?
isosceles right

scalene acute

scalene right

equilateral right

Answers

Answer:

scalene right

Step-by-step explanation:

A scalene right has no equal side lengths, has a right side(90) and will have two angles less than 90 because all three triangle sides need to equal to be 180. So scalene right is your answer. Hope that helped!

1) A population of bees is increasing at a rate of 8% per week. If
the population had an original size of 250 bees. Then how many
bees will there be after 10 days? (state equation)

Answers

Answer:

≈387,7

Step-by-step explanation:

I hope it's right. Sorry if it's not right.

The floor of a storage unit is 6 ft long and 8 feet wide what is the distance between two opposite corners of the floor

Answers

Answer:

10 ft

Step-by-step explanation:

Use theorem pythagoras

Length = x

[tex] {x}^{2} = 8 {}^{2} + {6}^{2} \\ x = - 10 \\ x = 10[/tex]

the answer is 10 because length can't be in negative number

To the nearest 1000, there are 18,000 people at a festival . Write down the minimum possible number of people at the festival

Answers

Answer:

17500

Step-by-step explanation:

17499 rounds down

17500 rounds up

The number of people is an illustration of approximation and estimation

The minimum possible number of people at the festival is 17500

The approximated number of people is:

People  = 18000

Because 18000 represents people, it means that the population is a whole number

The smallest whole number that can be approximated to 18000 is 17500

i.e.

People = 17500

Hence, the minimum possible number of people at the festival is 17500

Read more about approximation and estimation at:

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dominique sells 5 candles for a fundraiser. sofia sells 12 candles earning $24.50 more than dominique. how much does one candle cost
a. $3.00 b. $3.50 c. $4.00 d. $4.50

Answers

Answer:

$3.5

Step-by-step explanation:

12 - 5 = 7

24.5 / 7 = 3.5

The circumference of the tree trunk is 7.85 feet. If the tree trunk is cut, what will be the diameter of the tree stump ? Use 3.14 for

Answers

Answer:

The diameter is 2.5ft

Step-by-step explanation:

Given

[tex]C = 7.85[/tex] ---  Circumference

Required

Determine the diameter

The circumference of a circular surface is:

[tex]C =\pi d[/tex]

Substitute values for C and [tex]\pi[/tex]

[tex]7.85 = 3.14 * d[/tex]

[tex]d = \frac{7.85}{3.14}[/tex]

[tex]d = 2.5[/tex]

The diameter is 2.5ft

Milan has a total of 51 nickels and dimes worth $4.95. How many of each coin does she have?

Answers

Answer: 75 coins total, 51 nickels and 24 dimes.

Step-by-step explanation:

What are the solutions to x2 + x-7≤0

Answers

2+x-7≤0

(2-7=-5)

x-5≤0

 +5 +5

x≤5

---

hope it helps

Karla invests $10,000 into an account with a 2.2% interest that is compounded annually.
How much money will she have in this account if she keeps it for 5 years?

Answers

See photo. Hope it helps

$11, 162.78 amount she have in this account if she keeps it for 5 years.

What is Future value?

Future value (FV) is a financial concept that provides a monetary worth to an asset depending on future variables such as interest rates or cashflows. An investor may find it valuable to know how much their investment will be worth in five years given a projected rate of return. Future value is calculated by taking the investment value now, applying predicted growth, and estimating what the investment will be in the future.

We have,

P = $10,000

R= 2.2%

T= 5 years

So, Amount after 5 years

= P (1 + r/2[tex])^{2t[/tex]

= 10,000 (1 + 0.011[tex])^{0.022(5)}\\[/tex]

= $11, 162.78

Learn more about Future value here:

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1
The area of a square window is
given by the expression
m’ - 16m+64. Which expression
represents the length of one side
of the window?
a)m - 8
b) m + 4
c)m - 4
d) m + 8

Answers

Answer:

Step-by-step explanation:

-8 ok!

Change 2.32 kilograms to grams

Answers

Answer:

2,320 grams.

Step-by-step explanation:

Multiply by 1000 to get grams.

2,320 grams your just adding a zero at the end of this problem

Marvin says," The probability of it raining tomorrow is 1/2 as it either will or it won't. Do you agree with Marvin? Explain your answer.​

Answers

Answer:

It depends if the sky is cloudy or not.

Step-by-step explanation: We cant be sure on 100% percent it depends.

A circle has a radius of 48 millimeters.

What is the length of the arc intercepted by a central angle that measures 3π4 radians?

Express the answer in terms of π .

Answers

Answer:

36pi mm

Step-by-step explanation:

A circle has 2pi radians so 3pi/4 is 3/8 of it. The circumference is 96 mm so the length of the arc is 36pi mm.

Answer:

36π

Step-by-step explanation:

124,567 is closer to 100,000 than 200,000

Answers

if you’re asking if it’s true or false, then it’s true

Is (x-4) a factor of x^3 +x^2 -16x-16x 3 +x 2 −16x−16 ?

Answers

Answer:

For x – 4 to be a factor, you must have x = 4 as a zero. Using this information, I'll do the synthetic division with x = 4 as the test zero on the left:

Step-by-step explanation:

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