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lara [203]
3 years ago
8

**NEED HELP!!! 

Mathematics
2 answers:
devlian [24]3 years ago
8 0
$170.28 is deposited into Bo's 403(b) each payday.

First, divide 45408 by 24 because he is paid twice a month to find his paycheck. It is 1892.

Now, he has 6% deducted, so that is 113.52 (0.06 x 1892).

The company only matches 3%, half of 6%, of his deduction.
113.52 / 2 = 56.76.

His total contribution will be:
56.76 + 113.52 = 170.28


ella [17]3 years ago
5 0

Answer:

170.28

Step-by-step explanation:

took it

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The average amount that a college student spends on a textbook is $205. What is the probability that a students spends between $
garri49 [273]

Complete question :

The average amount that a college student spends on a textbook is $205 with a

standard deviation of $35. What is the probability that a student spends:

A. between $10 and $310?

Answer:

0.999

Step-by-step explanation:

Mean, m = 205 ; Standard deviation, s = 35

Z = (x - m) / s

x = 310

Z = (310 - 205) / 35 = 3

P(z < 3) = 0.99865

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Does this graph show a function? Explain how you know.
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Answer:

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6 0
3 years ago
Felipe borrowed $8000 at a rate of 16.5%, compounded monthly. Assuming he makes no payments, how much will he owe after 7 years?
Gelneren [198K]

Answer:

$25,193.17

Explanation:

Given:

• Principal Felipe borrowed, P=$8000

,

• Annual Interest Rate, r=16.5%=0.165

,

• Compounding Period, k=12 (Monthly)

,

• Time, t=7 years

We want to determine how much he will owe after 7 years.

In order to carry out this calculation, use the compound interest formula below:

A(t)=P\mleft(1+\frac{r}{k}\mright)^{tk}

Substitute the values defined above:

A(t)=8000\mleft(1+\frac{0.165}{12}\mright)^{12\times7}

Finally, simplify and round to the nearest cent.

\begin{gathered} A(t)=8000(1+0.01375)^{84} \\ =8000(1.01375)^{84} \\ =\$25,193.17 \end{gathered}

After 7 years, Felipe will owe $25,193.17.

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