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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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Which equation can pair with y=3x-2 to create a consistent and independent system?
Ray Of Light [21]

Answer: y=4

Step-by-step explanation:  First of all, we have to know what a consistent and independent system is.

Consistent and independent- If a consistent system has exactly one solution, and is independent, then it's consistent and independent

Let's graph the equation y=3x-2 first. The y intercept of the equation is -2 and the slope of the equation is 3. Lets plot the y intercept first, then use rise/run for the slope. We end off with the image of the first one I have attached to this answer.

Next, we can see if that we draw a straight arrow to one of the points in the equation, we will get a independent and consistent system. I picked y=4, but you can pick almost any point that lies within the line.

This will grant only one solution, which will give us what we need. So let's graph y=4. Finally, we have our consistent and independent system! I've attached another file to support my answer.

So the final answer to your question is y=4, the solution to the system is (2,4), as you can see by the last image.

<em><u> Give me feedback on my answer. Tell me if I'm lacking explanation about anything. Please help me, you can also help others by informing me what else I need to be specific on.</u></em>

3 0
2 years ago
Read 2 more answers
A farmer wants to fence a rectangular area for her cows. The area is 200 yards by 423 yards. How many yards of
trasher [3.6K]

Answer:

1246 yards

Step-by-step explanation:

To find the yard of fencing she needs for he cows, we simply need to find the perimeter of the rectangular area.

The area is 200 yards by 423 yards.

The perimeter is the sum of all the sides of a rectangle and it is given by:

P = 2(L + B)

P = 2(200 + 423) = 2(623)

P = 1246 yards.

She needs 1246 yards of fencing.

4 0
2 years ago
9/14 divided by 15/2 as a simplest form
Sholpan [36]

Answer:

The answer to this equation would be 3/35 in simplest form.

Step-by-step explanation:

To divide by a fraction, multiply by its reciprocal.

9 /14  ⋅  2 /15

You then cross simplify 9 & 15 (can be divided by 3 to get 9=3 and 15=5)

This will then leave you with 3/14 & 2/5

Next, you cross simplify 14 & 2, (both can be divided by 2 to get 14=7 and 2=1)

This will then leave you with 3/7 & 1/5

Then multiply \frac{3 *1}{ 7*5}

This will then leave you with your answer of 3/35.

I hope this helps! :)

4 0
2 years ago
Read 2 more answers
Carlos and Lily want to know the combined amount of money they made last week. They both made $12 per hour, but Carlos also made
steposvetlana [31]

Answer:

  • Lily is right

Step-by-step explanation:

<u>Carlos made:</u>

  • 12C + 35

<u>Lily made:</u>

  • 12L

<u>Together they made:</u>

  • 12C + 35 + 12L = 12(C + L) + 35

Lily is right. We don't know what 120 means in Carlos's equation, he should put 12L for Lily.

6 0
2 years ago
Consider the figure. Determine the value of y.​
slava [35]

Answer:

47+ y = 180          (linear pair)

y = 133

6 0
2 years ago
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