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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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Naya [18.7K]

the correct answer is B

"ice cream at -3 degrees C is cooler than ice cream at 1 degree C"

-3 is smaller than 1

-3 < 1

8 0
3 years ago
Student to faculty is 17:3 The total is 740 how many students and faculty are at the college
inn [45]
Let the faculties be X and the number of students be Y.
X/Y = 17/3
3X= 17Y
X=17Y/3
Let that be equation 1
We also know that X+Y = 740. Let it be equation 2
Substitute equation 1 in equation 2
(17Y/3)+Y=  740
20Y/3 = 740
Y=111
Since the total is 740, then X equal 740-111 =629.
The number of faculties is 111 and the number of students is 629.
7 0
3 years ago
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Trigonometry
Mashcka [7]

The area of the triangle EFG is 7.4 square units.

Explanation:

Given that the measurements of the sides of the triangle are EF = 8, EG = 8 and m\angle E=22^{\circ}

We need to determine the area of the triangle EFG

<u>Area of the triangle:</u>

The area of the triangle EFG can be determined using the formula,

\text {Area}=\frac{1}{2} fg \sin E

Substituting the values, we get,

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Simplifying the values, we have,

\text {Area}=\frac{1}{2}(40)(0.37)

Multiplying, we get,

\text {Area}=\frac{14.8}{2}

Dividing, we get,

\text {Area}=7.4

Hence, the area of the triangle EFG is 7.4 square units.

3 0
3 years ago
What is the inverse of function f?<br> f(x) = -7x - 4
Alona [7]

Your inverse funtion would look like this:

f − 1 ( x ) = − x 7 − 4 7 . This would be your answer.

You're welcome ;)

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