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alekssr [168]
3 years ago
10

At age 51 Oscar set up a 401(k) where he plans to deposit $9000 at the beginning of each year until age 75 find the amount of th

e annuity if he invests in a stock fund that yields 4% compounded annually
A. $374,813.19
B. $351,743.40
C. $365,813.19
D. $395,542.20
Mathematics
1 answer:
Temka [501]3 years ago
6 0
Hi there
The formula of the future value of annuity due is
Fv=pmt [(1+r)^(n)-1)÷r]×(1+r)
Fv future value?
PMT payment 9000
R interest rate 0.04
N time 75−51=24 years
So
Fv=9,000×((((1+0.04)^(24)−1)
÷(0.04))×(1+0.04))
=365,813.17

It's c

Hope it helps
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Answer:

C) 3

Step-by-step explanation:

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<h2>I hope that helped!!!</h2>
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Answer:

Step-by-step explanation:

The Pythagorean theorem applies to right angled triangles only.

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7 0
2 years ago
Read 2 more answers
you buy butter 4.13 a pound one portion of onion requires 1.7 oz of butter how much dose the butter for one portion cost
yuradex [85]

Answer:

<u>The butter for one portion of onion costs $ 0.44</u>

Step-by-step explanation:

Let's recall that 1 pound = 16 ounces, therefore we have:

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How much dose the butter for one portion cost?

We can use Direct Rule of Three for answering this question, as follows:

Ounces       Cost

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  1.7                   x

**************************

16x = 4.13 * 1.7

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x = 0.44 (Rounding to the next cent)

<u>The butter for one portion of onion costs $ 0.44</u>

5 0
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Type of percent when the final amount is greater than the ordinal amount
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4 0
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A box contains10 pens, 5 of the pens are red, 4 are balck and 1 are bluem What is the probability of pulling out a black pen fir
antiseptic1488 [7]
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6 0
3 years ago
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