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lara31 [8.8K]
2 years ago
15

Case Study 2: Maxing out Matched Savings

Mathematics
1 answer:
zhuklara [117]2 years ago
4 0

Answer:

The computation of the given question is shown below:-

Total Contributions = Monthly contribution + Amount invested in Ferdinand’s 401(k)

= $250 + $125

= $375  

1. Future Value = PMT [((1 + r)n - 1) ÷ r

Future value = 375 × ((1 + 0.03 ÷ 12) × 12 × 40 - 1) ÷ (0.03 ÷ 12)

= $347,272

2. Ferdinand deposit = Given Amount × Total number of months in a year × Number of years

= $250 × 12 Months × 40 Years

= $120,000

3. The Amount put in by the employer = 50% of $250 ×Total number of months in a year × Number of years

= $125 × 12 Months × 40 Years

= $60,000

4. Interest = Future value - Ferdinand deposit - The Amount put in by the employer

= $347,272 - $120,000 - $60,000

= $167,272

Step-by-step explanation:

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The volume of a sphere is 267.95 m2. To the nearest meter, what is the radius of the sphere? Use
Novosadov [1.4K]

Answer:

4m

Step-by-step explanation:

  1. v=4/3 pi r^3
  2. substitute 267.95=4/3×3.14×r^3
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3 years ago
Ben, Tim, and Sam have to do a certain job. Ben can finish the job in 5 hours. Tim can finish the job in 6 hours. Sam can finish
Brut [27]

x is 7.5 hours

Step-by-step explanation:

Ben, Tim, and Sam have to do a certain job

  • Ben can finish the job in 5 hours
  • Tim can finish the job in 6 hours
  • Sam can finish the job in x hours
  • The three of them can finish the job in 2 hours if they work together

We need to find x

∵ Ben can finish the job in 5 hours

∴ The rate of Ben = \frac{1}{5}

∵ Tim can finish the job in 6 hours

∴ The rate of Tim = \frac{1}{6}

∵ Sam can finish the job in x hours

∴ The rate of Sam = \frac{1}{x}

They will working together to finish the job in two hours, that means the sum of their rate is equal to 1/2

∵ They can finish the job in 2 hours if they work together

∴ \frac{1}{5}+\frac{1}{6}+\frac{1}{x}=\frac{1}{2}

To add the fractions find the LCM for all denominators to make all fractions with same denominators

∵ The LCM of 5, 6 ans x is (5 × 6 × x) = 30 x,

- Divide it by each denominator to find the new numerators

∵ 30 x ÷ 5 = 6 x , 30 x ÷ 6 = 5 x , 30 x ÷ x = 30

- Change all the denominators to 30 x and then write the new

   numerators of each fraction

∴ \frac{6x}{30x}+\frac{5x}{30x}+\frac{30}{30x}=\frac{1}{2}

Add the numerators and put the sum over 30 x

∵ \frac{11x+30}{30x}=\frac{1}{2}

- By using cross multiplication

∴ 2(11 x + 30) = 1(30 x)

- Simplify the both sides

∴ 22 x + 60 = 30 x

- Subtract 22 x from both sides

∴ 60 = 8 x

- Divide both sides by 8

∴ 7.5 = x

∴ The value of x is 7.5 hours

x is 7.5 hours

Learn more:

You can learn more about the word problems in brainly.com/question/10712420

#LearnwithBrainly

5 0
3 years ago
What is 8x8x3to the second power
sleet_krkn [62]

Answer: If you're talking about the answer to 8*8*3 (192) to the second power, the answer is 36,864. If you're talking about 8*8*3^2 (with the three being the number with the raised power), the answer is 576

Step-by-step explanation:

8x8x3=192

192^2=192x192= 36,864

8x8x3^2=576

6 0
3 years ago
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Can someone pls help me out
USPshnik [31]

Answer:

It is a money market account. So answer A.

Step-by-step explanation:

3 0
3 years ago
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