Answer:
The ira will contain $228,278.05 when he retires at age 65. This is 6.04 times the amount of money he deposited.
Step-by-step explanation:
In order to solve this problem, we can make use of the following formula:
![FV=PMT[\frac{(1+i)^{n}-1}{i}]](https://tex.z-dn.net/?f=FV%3DPMT%5B%5Cfrac%7B%281%2Bi%29%5E%7Bn%7D-1%7D%7Bi%7D%5D)
Where:
FV= Future value of the ira
PMT= the amount of money you deposit each month
i= is the interest rate per period
n=number of periods
in this case we will assume the interest will be compounded each month.
So:
FV this is what we need to know.
PMT= $75 the amount he will deposit each month
t = 42 years,
this is 65-23=42
n=42 years * 12 months/year = 504 months
i=0.07/12
So we can now use the given formula:
![FV=PMT[\frac{(1+i)^{n}-1}{i}]](https://tex.z-dn.net/?f=FV%3DPMT%5B%5Cfrac%7B%281%2Bi%29%5E%7Bn%7D-1%7D%7Bi%7D%5D)
![FV=75[\frac{(1+\frac{0.07}{12})^{504}-1}{\frac{0.07}{12}}]](https://tex.z-dn.net/?f=FV%3D75%5B%5Cfrac%7B%281%2B%5Cfrac%7B0.07%7D%7B12%7D%29%5E%7B504%7D-1%7D%7B%5Cfrac%7B0.07%7D%7B12%7D%7D%5D)
So we get:
FV=$228,278.05
which is the amount of money he will have after 42 years.
In total, he deposited:
$75*504months = $37,800
so he will have:
times the amount of money he deposited throughout this time.
We want to make a 4 players team, and there are total 8 players. As we know the order of selection does not matter in a team of players, only the combination of players matters.
So we would use concept of Combinations and It will be choose 4 out of 8 players.
The formula for Combination is given as follows :-

Hence, Total number of different teams = 70 combinations.
Answer:
your answer will be C)117
Step-by-step explanation:
hope this helps you ^_^
have a nice/night day!!
10 minutes before 9 is 8:50. since any time on the hour is at a perfect 60 minutes, you subtract the minutes given and move 1 hour back to find your answer.
for example, if you were asked what 20 minutes before 10 was. you start by subtracting 20 from 60. 60-20= 40, this being your minutes. 10-1 is 9, this being your hour, making the final answer 9:40.
The answer is 50, just divide 10 and 2, you get 5 and multiply the 5 with the 10