1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tigry1 [53]
3 years ago
10

This is the formula for the future worth of an investment over time with consistent additional monthly payments and a steady rat

e of return. This can give you a bonus of 200 points. You will not be penalized if you do not do this nor will you be penalized if it is incorrect. This is a challenging problem because of all the mathematics involved. Let’s see how good you really are. FV = PV (1+ r/k) nk +PMT * [ (1+r/k) nk −1] * (1+ r/k) r/k FV : future value PV : initial value R : interest rate K : regular periodic investments
• Annually,
• Semi-annually,
• Quarterly,
• Monthly PMT:
payment (installments) N : years Problem: You wish to start putting money away for your retirement (far-fetched, huh) anyway, how much would you have after 45 years if you started with an initial payment (PV) of $1000.00 and invested $250 (K) monthly. The dividend payments are 6% (R)and you invest $250 a month for the next 45 years. Your investment has an annual rate of return (R) of 6%. Show how you would break this problem down into pieces (your pseudo code). Then show your source code and display your initial investment, rate of return, length of time, monthly payments into the account and the final outcome. Show how much money you invested and what the final amount is, you’ll be surprised. HINT: try doing this problem manually first
Computers and Technology
1 answer:
stepladder [879]3 years ago
4 0

Answer:

The code is given in C++ below

Explanation:

#include <iostream>

using namespace std;

int main()

{

float fv,pv,r,k,n,pmt,totalmoneyinvested;

pv=1000.00;

r=6/100;

k=12; //The value of k should be 12 for monthly installments

n=45;

pmt=250;

totalmoneyinvested=pv+(pmt*12*45); //The total money you invested

 

fv=pv*(1+r/k)*n*k+pmt*((1+r/k)*n*k-1)*(1+r/k)*r/k;

 

cout<<"Initial Investment:"<<" $"<<pv;

cout<<"\nRate Of Return:6%";

cout<<"\nLength of Time:"<<n<<"year";

cout<<"\nMonthly Payment:"<<" $"<<pmt;

cout<<"\nFinal Amount:"<<" $"<<fv;

cout<<"\nThe Money You Invested Is $"<<totalmoneyinvested<<" And The Final Amount Is $"<<fv;

return 0;

}

You might be interested in
A person who is skilled at performing calculations, has math skills for advanced analysis, and has organizational skills would b
Harman [31]
A mathematician because of all their skills they have they suit the job
3 0
3 years ago
Read 2 more answers
(a) Implement (in Java) the RadixSort algorithm to sort in increasing order an array of integer keys.
pogonyaev

‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎   ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎ .‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎  ‏‏‎

7 0
4 years ago
Sarah wants to calculate how much of a profit she would make on producing and selling a new product. Sarah should use a _____.
vagabundo [1.1K]
The answer is spreadsheet. I just did this lesson and I got all of the answers right so I know it's correct.
4 0
3 years ago
A small grocery store has one checkout.You have been asked to write a program to simulate the grocery store as it checks out cus
Masteriza [31]

Answer:

Check the explanation

Explanation:

PYTHON CODE :

#import random function

from random import randint

#class Queue declaration

class Queue:

#declare methods in the Queue

def __init__(self):

self. items = []

def isEmpty(self):

return self. items == []

def enqueue(self, item):

self.items. insert(0, item)

def dequeue(self):

return self. items. pop()

def size(self):

return len(self. items)

def getInnerList(self):

return self.items

#This is customer Queue

class Customer:

#declare methods

def __init__(self,n):

self.numberOfItems=n

def __str__(self):

return str(self. numberOfItems)

def getNumberOfItems(self):

return self. numberOfItems

#This is expresscheker customer queue

class Expresschecker:

def __init__(self,n):

self.numberOfItems=n

def __str__(self):

return str(self. numberOfItems)

def getNumberOfItems(self):

return self. numberOfItems

#Returns random checkout time, based on number of items

def checkOut(Expresschecker):

items = Expresschecker. getNumberOfItems()

if items <= 10:

return randint(2, 5)

if items <= 20:

return randint(6, 9)

return randint(10, 14)

#Initiate queue for the Expresschecker

Expresschecker = Queue()

#declare total customers

totalcheckoutCustomers = 10

#express Customers shopping..

for i in range(totalcheckoutCustomers):

#Each putting Between 1 to 25 items

randomItemsQty = randint(1, 25)

customer = Customer(randomItemsQty)

#Getting into queue for checkout

Expresschecker. enqueue(customer)

#====Now all express Customers having

#random qty of items are in Queue======

#intial time

totalTime=0

#define the size of the queue

totalcheckoutCustomers = Expresschecker. size()

#using for-loop until queue is empty check out

#the items in the express cheker queue

while not(Expresschecker. isEmpty()):

totalTime+=randint(1,5)

#Picking a customer

expresscustomer = Expresschecker. dequeue()

#Processing the customer

timeTaken = checkOut(expresscustomer)

#add the time for each custimer

totalTime+=timeTaken

#compute average waiting time

averageWaitingTime = totalTime/totalcheckoutCustomers

#display the average waiting time

print("Average waiting time for the express customer queue is "

+str(averageWaitingTime)+" minutes ")

print("Remaining Custimers in the express customer Queue is: ",

Expresschecker. size())

#Returns random checkout time, based on number of items

def checkOut(customer):

items = customer. getNumberOfItems()

if items <= 10:

return randint(1, 5)

if items <= 20:

return randint(6, 10)

return randint(11, 15)

#in

customersQueue = Queue()

totalCustomers = 20 #Change number of customers here

#Customers shopping..

for i in range(totalCustomers):

#Each putting Between 1 to 25 items

randomItemsQty = randint(1, 25)

customer = Customer(randomItemsQty)

#Getting into queue for checkout

customersQueue. enqueue(customer)

#====Now all Customers having random qty

#of items are in Queue======

totalTime=0

totalCustomers = customersQueue. size()

while not(customersQueue. isEmpty()):

totalTime+=randint(1,5)

#Picking a customer

customer = customersQueue. dequeue()

#Processing the customer

timeTaken = checkOut(customer)

totalTime+=timeTaken

#Result=============================

averageWaitTime = totalTime/totalCustomers

print("Average wait time for the customer queue is

"+str(averageWaitTime)+" minutes ")

print("Remaining Customers in the customer Queue is:

",customersQueue. size())

5 0
4 years ago
In 1964 in London, Ontario one could buy a chili-dog and a root beer for $1.25, today the same chili dog and root beer cost $5.0
Marta_Voda [28]

Answer:

3% inflation rise. No correct cpi option

Explanation:

Consumer Price Index(CPI) is calculated by the Bureau of Economic Analysis and Statistics of a country monthly and annually.

Consumer Price Index(CPI) is used for measuring the changes in the price level of consumer goods and services purchased by households.

Calculating the consumer price index; price in 1964= $1.25, today price= $5.0.

Therefore, consumer price index= Price in today- price in 1964÷ price in 1964,.

Consumer Price index(CPI)= $(5-1.25)/1.25 = 3.75/1.25 = 3 Percent price inflation rise.

For the first cpi; 112-80/80= 0.4 percent( not equal to the 3 Percent inflation rise).

For the second cpi: 141.6-60/60= 1.36 Percent inflation rise(not equal to the 3 Percent inflation rise).

For the third CPI: 126.4-75/75 =0.68 percent inflation rise[not equal to the 3 Percent inflation rise].

For the third CPI: 108.5-90/90=0.21 percent inflation rise(not equal to 3 Percent inflation rise)

Therefore, none of the options are right.

5 0
3 years ago
Other questions:
  • How people have contributed to the advancement of science
    7·1 answer
  • With a _____ network connection, the computers and other devices on the network are physically connected via cabling to the netw
    13·1 answer
  • :If a process terminates, will its threads also terminate or will they continue to run? Explain your answer.
    14·1 answer
  • What is the base for a hexadecimal number system?
    11·1 answer
  • When microsoft introduced its zune mp3 player, many people thought it would capture the mp3 player market by pricing its product
    8·1 answer
  • Simplify the expresion<br>12. 12g + 9g​
    13·1 answer
  • Write a full class definition for a class named Counter, and containing the following members:________
    9·1 answer
  • Write a recursive function that returns true if the digits of a positive integer are in increasing order; otherwise, the functio
    15·1 answer
  • In a cron table entry, what field specifies the absolute pathname to a command that is to be executed?
    10·1 answer
  • How is an interpreter different from a compiler?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!