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blagie [28]
3 years ago
12

At age 40 you deposit $150 at the end of each month into an IRA that pays 4% interest compounded monthly. At age 65, what will t

he value of the annuity be? Round your answer to the nearest cent, and do NOT include the dollar sign. Do NOT round until you have calculated the final answer.
Mathematics
1 answer:
Svetlanka [38]3 years ago
8 0

Answer:

Annuity= 242.4

Step-by-step explanation:

This is a compound interest problem.

The total amount at the end of 25 years will be

A = p(1+r/n)^(nt)

A = 150(1+(0.04/(25*12)))^ ((25*12)(25))

A= 150(1 + 0.04/300)^ (300*12)

A = 150(1+ 0.0001333)^ 3600

A = 150(1.0001333)^ 3600

A = 1500(1.615828808)

A= 242.374

A= 242.4 to the nearest cent

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OleMash [197]

Answer:

11 /13 = t

Step-by-step explanation:

5/13  = t -6/13

Add 6/13 to each side

5/13 + 6/13  = t -6/13+ 6/13

11 /13 = t

4 0
2 years ago
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7. Factor the expression.<br> 42 - 64
Dmitriy789 [7]

Answer:

-22 = -2^1×11^1

Step-by-step explanation:

Factor the following integer:

-22

Hint: | Is 22 divisible by 2?

The last digit of 22 is 2, which means it is even. Therefore 22 is divisible by 2:

22 = 2 11:

-22 = -2×11

Hint: | Now try to factor 11. Is 11 divisible by 2?

11 is not divisible by 2 since 11 is odd and 2 is even:

-22 = -2×11 (11 is not divisible by 2)

Hint: | Is 11 divisible by 3?

The sum of the digits of 11 is 1 + 1 = 2, which is not divisible by 3. This means 11 is not divisible by 3:

-22 = -2×11 (11 is not divisible by 2 or 3)

Hint: | Is 11 divisible by 5?

The last digit of 11 is not 5 or 0, which means 11 is not divisible by 5:

-22 = -2×11 (11 is not divisible by 2, 3 or 5)

Hint: | Is 11 divisible by 7?

Divide 7 into 11:

| | 1 | (quotient)

7 | 1 | 1 |  

- | | 7 |  

| | 4 | (remainder)

11 is not divisible by 7:

-22 = -2×11 (11 is not divisible by 2, 3, 5 or 7)

Hint: | Is 11 prime?

No primes less than 11 divide into it. Therefore 11 is prime:

-22 = -2×11

Hint: | Express -22 as a product of prime powers.

There is 1 copy of 2 and 1 copy of 11 in the product:

Answer: -22 = -2^1×11^1

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2 years ago
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Hitman42 [59]

Answer:

1:3 is the probability

Step-by-step explanation:

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Mrac [35]

Answer:

$39.6

Step-by-step explanation:

5.5 times 7.20 = $39.6

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Rylee is baking cupcakes for a bake sale. She spends $35 on supplies and she plans to sell the cupcakes for $2.50 each. How many
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Answer:

44 cupcakes

Step-by-step explanation:

Since she spent $35, and she wants to profit $75, she needs to make $110.

110/2.5 = 44

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