Answer:
The computation of the given question is shown below:-
Total Contributions = Monthly contribution + Amount invested in Ferdinand’s 401(k)
= $250 + $125
= $375
1. Future Value = PMT [((1 + r)n - 1) ÷ r
Future value = 375 × ((1 + 0.03 ÷ 12) × 12 × 40 - 1) ÷ (0.03 ÷ 12)
= $347,272
2. Ferdinand deposit = Given Amount × Total number of months in a year × Number of years
= $250 × 12 Months × 40 Years
= $120,000
3. The Amount put in by the employer = 50% of $250 ×Total number of months in a year × Number of years
= $125 × 12 Months × 40 Years
= $60,000
4. Interest = Future value - Ferdinand deposit - The Amount put in by the employer
= $347,272 - $120,000 - $60,000
= $167,272
Step-by-step explanation:
To find the slope take two ordered pairs and put them in form of x2-x1/y2-y1 and then you can find the slope.
(-2,17) (-3,20)
(-2)-(-3) = 1
(17)-(20)=-3
slope is 1/-3
Answer shown and explanation above! Hope this helps!
Answer:
2.5 miles per hour
Step-by-step explanation:
hope this helps :)
X+(x+1)+(x+2)+(x+3)=156
4x+6=156
4x=150
x=37.5 (not an integer)
If x=37 you get 37+38+39+40=154 and if x=38 you get 38+39+40+41=158[/tex]