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
swat32
4 years ago
7

At age 25, you decide to start your retirement account, and put $700 at the end of each quarter into an account paying 7.25% com

pounded quarterly. At age 54, you stop making payments into the account. Account continues to pay 7.25% compounded quarterly.
A) You decide to retire at age 67. Amount you have in your account at age 54 and 67?
B) If you’re living off this account once you retire, making monthly withdraws, for another 16 years, how much can you withdraw each month, assuming the account continues under the same compounding terms, 7.25% compounded quarterly? Amount you could withdraw quarterly? Amount you will be able to withdraw monthly?
Mathematics
1 answer:
Veronika [31]4 years ago
3 0

Answer:

44.5 is the best

Step-by-step explanation:

You might be interested in
Determine which method would be more efficient for solving: Rewriting and using the distributive property or dividing. Solve eac
liq [111]

Answer:

A.  x = 3.03

B.  x = 4/3

Step-by-step explanation:

A.  2000 (x-0.03) = 6000 is quickly simplified byu dividing both sides by 2000:

(x - 0.03) = 3.  Removing the parentheses, we get:  x = -0.03 = 3, or x = 3.03.

B.  The distributive property is the faster method here.  We determine that the LCD is 12 and multiply both sides of this equation 1/4 (4+x) = 4/3 by 12:

3(4 + x) = 16

and then carry out the indicated multiplication:  12 + 3x = 16, or

3x = 4, or x = 4/3

7 0
3 years ago
What is the equation of the line that passes through the point (-1, -3) and has a slope of -5?
spin [16.1K]

Answer:

<h2>A) y = -5x - 8</h2>

Step-by-step explanation:

The point-slope form of an equation of a line:

y-y_1=m(x-x_1)

m - slope

(x₁, y₁) - point on a line

We have the slope m = -5, and the point (-1, -3). Substitute:

y-(-3)=-5(x-(-1))\\\\y+3=-5(x+1)

Convert to the slope-intercept form (y = mx + b):

y+3=-5(x+1)          <em>use the distributive property</em>

y+3=-5x-5            <em>subtract 3 from both sides</em>

y=-5x-8

7 0
3 years ago
The middle school students made a new game
nignag [31]

Step-by-step explanation:

_

0.416666666666666666666

5 0
3 years ago
Aliens spotted! They have pulled up 97 chickens, 47 cows, and 77 humans. What is the probability, if they randomly select from a
emmainna [20.7K]
The answer would be 0.34. Theres 77 humans out of 221 beings, which means 77/221. Simplifying this fraction gives us 0.34.
4 0
3 years ago
2. Two points are shown on the coordinate plane. How any units apart are<br> Point A and Point B?*
zvonat [6]

Answer:

Step-by-step explanation:

5 0
3 years ago
Other questions:
  • Jillian walked 0.5 miles before she started jogging at an average pace of 5 miles per hour. The equation d = 0.5 + 5t can be use
    13·1 answer
  • PLS help ASAP I’d appreciate it, i have no idea how to do this
    9·1 answer
  • Evaluate w+(-x)-2/3 where w= 5/9 and x=4/3
    10·1 answer
  • Pythagoras' Theorem:
    5·2 answers
  • I need help with this
    14·2 answers
  • For 6 days in a row, alyssa recorded the total amount of rain
    10·1 answer
  • 31.Simplify completely:<br> 1006 – 4X) – 2(X + 10)
    15·2 answers
  • Please help it’s a test
    6·2 answers
  • Evaluate without a calculator:<br><br><br> cot -270°
    9·2 answers
  • Solve this equation: x+21=20​
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!