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:
Hello from MrBillDoesMath!
Answer:
n = 5
Discussion:
Let the original number be "n" Translating the problem statement to mathematical symbolism:
n + 4 = 19 - 2n => add 2n to both sides
n + 2n + 4 = 19 - 2n + 2n => combine like terms
3n + 4 = 19 => subtract 4 from both sides
3n = 19 -4 = 15 => divide both sides by 3
n = 15/3 =5
Check: Does 5 +4 = 19 - 2(5)? Does 9 = 9? Yes. so the value for n is confirmed correct.
Thank you,
MrB
1 meter = 39.370 inches.....so 5 meters = (5)(39.370) = 196.85 inches
