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
Nikolay [14]
3 years ago
15

John’s employer will match his contributions into his retirement plan, but only up to 3% of his salary. John decides to invest 5

% of his $42,000 salary into the retirement plan. Find the future value of the annuity in 5 years if it earns 8% compounded quarterly.
$62,406.79



$20,409.79



$255,122.39



$9,909.79


I need help with this plz, im confused and im watching videos but idk how to do it. i will mark brainliest
Mathematics
1 answer:
Helen [10]3 years ago
4 0

Answer:

$20,409.79

Step-by-step explanation:

First find John’s quarterly salary. ;$42,000 / 4 = $10,500 ;Total Contributions = John’s + Employer’s ;Total Contributions = $10,500 x 0.05 + $10,500 x 0.03 ;Total Contributions = $840 ;Find the interest rate per compounding period and the number of compounding periods. ;8% / 4 = 2% ;5 x 4 = 20 periods ;The factor from the table for 2% and 20 is 24.29737. ;Amount = $840 x 24.29737 ;Amount = $20,409.79

You might be interested in
NEED HELP ASAP A survey was conducted with high school students in
Mekhanik [1.2K]

Question:

a. Twenty-three ninth graders and fifteen eleventh graders prefer math.

b. Fourteen eleventh graders prefer math and eight tenth graders prefer English.

c. Thirty-five twelfth graders prefer math and nine tenth graders prefer English.

d. Twenty-three ninth graders and thirty-five twelfth graders prefer math.

e. Eighteen tenth graders prefer English and fourteen eleventh graders prefer math.

Answer:

Therefore, the correct options are;

b. and d.

Step-by-step explanation:

Here we have a table with blank boxes and totals from which we can fill the boxes;

For the 12th graders, we have a total of 67 pupils with 32 preferring English, therefore the number of the 12th graders that prefer math is 67 - 32 = 35 pupils

Similarly for the 11th graders we have total pupils = 29 with 15 preferring English, therefore the number of the 11th graders that prefer math is 29 - 15 = 14 pupils

Also for the 10th graders we have total pupils = 26 with 18 preferring math, therefore the number of the 11th graders that prefer English is 26 - 18 = 8 pupils

Finally for the 9th graders, we have a total of 63 pupils with 40 preferring English, therefore the number of the 9th graders that prefer math is 63 - 40 = 23 pupils

From the above, the correct option is

7 0
3 years ago
Read 2 more answers
A sewing machine sews at a constant rate of 1,500 stitches per minute. If the equation, y = 1,500x represents the relationship b
crimeas [40]

Answer:

Step-by-step explanation:

x is the independent variable. y is the dependent variable.

5 0
3 years ago
How do I find zeros and multiplicities
maksim [4K]
You can use the Ruffini's rule. The answer using this method is,

(x-3) (x+4)^2 (6 + x^2)

And you can see that the multiplicity of the zero x=-4 is 2, and the multiplicity of the zero x=+3 is 1.
6 0
3 years ago
In a survey, 32% of the people chose pizza as their favorite food. The results were reported to within 2% accuracy. What is the
ki77a [65]

Answer:

min is 16, max is 88

Step-by-step explanation:

you start with 100 and subtract 32 due to the amount of people, since 32 percent of people voted, divide 32 by 2

I believe that's the awnser, if not then I apologize

4 0
3 years ago
In Union County, Florida, the 1990 census listed the population at 10,252. The 2000 census listed the population as 13,442. What
lora16 [44]

Answer:

31.1% increase

Step-by-step explanation:

% increase= 100 X (final-initial)/initial

5 0
3 years ago
Other questions:
  • A circle is centered at the point (-3,2) and passes through the point (1,5). What's the radius
    11·2 answers
  • How many solutions does the system have
    12·1 answer
  • According to the above graph, which industry will have 25% more growth than health services over the period from 2000 to 2010?
    8·2 answers
  • C= (-48) 2 x 20² x 576<br> Can anyone solve this plz
    15·2 answers
  • Assume all the variables are nonnegative.
    5·1 answer
  • I need help with number 5
    10·1 answer
  • What are some of the characteristics of the graph of a cube root functions
    10·1 answer
  • Peaches are being sold for $2 per pound. If x represents the number of pounds of peaches bought and y represents the total cost
    14·2 answers
  • PLEASE HELP WILL MARK BRAINLIEST
    6·1 answer
  • Evaluate x divided 4 for x=48
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!