1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ss7ja [257]
2 years ago
8

John is 48 years old. He is planning on retireing when he is 65. He has opened an IRA with an APR of 3.5% compounded daily. If h

e makes daily deposits of $750.00 to the account. How much will he have in the account when he is ready to retire? Use the formula on page 439 example #1 a $2,250,650 b $6,422,659 c $13,422 d $6,358,659 e $52,801 f $6,422 g $7,422,659 h $68,537 i $1,222,659
Mathematics
1 answer:
alex41 [277]2 years ago
3 0

The amount of money that John would have in his account when he is ready to retire is $6,351,400.21.

<h3>How much would be in the retirement account?</h3>

The formula that can be used to determine the future value of the annuity is

Future value = Daily deposit x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Where:

  • r = 3.5 / 365 = 0.0096%
  • n = (65 - 48) x 365 = 6205

Annuity factor = [(1.000096^6205) - 1] / 0.000096 = $8468.53

Future value = 750 x $8468.53 = $6,351,400.21

To learn more about annuities, please check: brainly.com/question/24108530

#SPJ1

You might be interested in
khan academy is giving me only this explanation but won't go into detail and I cannot understand it for the life of me. how do I
Setler [38]

Answer:

12 - 4i

Step-by-step explanation:

-2i ( 2+6i)

Distribute

-2i * 2 + -2i *6i

-4i - 12 i^2

We know that i^2 = -1 so replace it

-4i - 12(-1)

-4i + 12

Then put in the order a+bi  where the real number comes first and the imaginary number comes last

12 - 4i

7 0
2 years ago
the measure of the seven angels in an octagon measure 129, 132, 136, 124, 141, 158, and 116. what is the measurement of the last
Taya2010 [7]

Answer:

116

Step-by-step explanation:

IT SAYS WHAT IS THE MEASUREMENT OF THE LAST ANGLE 116 WHAT THE LAST NUMBER.

8 0
2 years ago
PLEASE HELP!!!!
VARVARA [1.3K]

The answer is D. You can't make an equation out of this!

⭐ Please consider brainliest! ⭐

✉️ If any further questions, inbox me! ✉️

7 0
3 years ago
Read 2 more answers
Need help ASAP!!! HAVE QUIZ TOMORROW
Serjik [45]
To solve these problems, you usually have a favor the numerator. For example, on #7, label your terms, 1 from m^2 is A, -6m from -6 is B and your constant, 8, is C. Next you have to find out what two numbers can be multiplied to give you for C term but can also add together to give you your B term. For this specific problem, -4 and -2 gives you 8 and also adds to be -6. After that, you put your -4 and -2 into their own separate parentheses along with the M from M^2. It should look this like: (m-4)(m-2)/(m-2). Now you notice that the binomial on the bottom and one of the binomials on top is the exact same, so you would cancel that out and your answer would be (m-4).
6 0
3 years ago
-3x^2+6x+1=4 find the discriminant of each quadratic equation then state the number and type solutions
ipn [44]

Answer:

S={( 1 )}

Step-by-step explanation:

-3x²+6x+1=4

-3x²+6x+1-4=0

-3x²+6x-3=0

∆=b²-4.a.c

∆=(6)²-4.(-3).(-3)

∆=36-36

∆=0

x'=x"=-b/2a=-(+6)/2.(-3)=-6/-6=1

3 0
3 years ago
Read 2 more answers
Other questions:
  • Imani’s rent increased from $560 per month to $600 per month. Her friend, Ariana, had her rent increase from $825 to 875. Who ha
    15·1 answer
  • Make a plan there are 100 books in the library. there are non - fiction and fiction books write the fraction of the books that a
    8·1 answer
  • 5,ooo invested 5 years 3% interest compounded continuously
    11·1 answer
  • 432 square feet 2/3 is with what's the length
    15·1 answer
  • In a right triangle whose area is 12,each leg is as long as the side of a certain square. What is the area of the square?
    13·1 answer
  • Can anyone help me as soon as possible?
    12·1 answer
  • Help . Please need done in 15 minutes
    13·1 answer
  • What is the answer to 5/7 + 6/7
    10·2 answers
  • Jennifer brought $24.75 to the base ball game. She spent $12.45 on drinks and snacks. How much money does she have left over
    5·1 answer
  • Rewrite the equation by completing the square x^2-14x+49=0
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!