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Keith_Richards [23]
3 years ago
10

You plan to save $600 a month for the next 30 years for retirement. What interest rate would you need to have $1,000,000 at reti

rement?
Need to solve for interest rate paying into an annuity using formula
P = d(((1+r/k)^(Nk) -1)/(r/k))
P = payout amount (1,000,000)
d = monthly deposit (600)
r = interest rate (unknown)
k = number of times per year interest is compounded (assumed to be the same as the deposit frequency = 12)
N = number of years (30)
PLEASE post steps for this. This is the last question on a set of math homework and I've been able to find no useful info on how to solve this.
Mathematics
1 answer:
Nezavi [6.7K]3 years ago
5 0
600 x ( ) = 1,000,000
fill in the blank 
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Help please !!<br> The graph of the invertible function f is shown on the grid below.
vivado [14]

Answer:

4

Step-by-step explanation:

→ We go up the y axis to 6 and read of the x coordinate which is 4. This is because an inverse function does the the opposite i.e.  if f ( x ) = y

f⁻¹ ( y ) = x.

4 0
2 years ago
Bobby has already ran 1 mile on his own, and he expects to run 1 mile during each track practice. How many track practices would
german

Answer:

In order to have ran 33 miles, Bobby would have to attend <em>32 track practices.</em>

Step-by-step explanation:

Solving this problem entails of uncovering the amount of track practices Bobby must attend in order to have ran 33 miles. Start by reading the problem carefully to break down the information provided.

You can see that Bobby has already ran one mile on his own. This is important to remember for later. The problem also states that he expects to run one mile at every track practice.

Setting up an equation will help us solve. Here is how we could set up the equation:

(<em>amount of miles already ran</em> = 1) + (<em>number of track practices</em> = x) = (<em>total miles to run</em> = 33)

1 + x = 33

The equation is now in place. You can solve this, or isolate <em>'x',</em> by using the subtraction property of equality. This means we will subtract one from both sides of the equation, thus isolating the variable.

1 + x = 33

1 - 1 + x = 33 - 1

x = 32

The variable is the only term left on the left side of the equation. This means Bobby must attend track practice <em>32 times</em> in order to have ran 33 miles.

8 0
3 years ago
What is the slope of a trend line that passes through the points (–3, 3) and (18, 26)? StartFraction 15 Over 29 EndFraction Star
Alik [6]

Answer:

  23/21

Step-by-step explanation:

The slope is computed from ...

  m = (y2 -y1)/(x2 -x1)

For the given points, the slope is ...

  m = (26 -3)/(18-(-3)) = 23/21

The slope of the trend line is 23/21.

5 0
3 years ago
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A type of new car loses 20% of its value in its first year.
coldgirl [10]

Answer:63%

Step-by-step explanation:

if 2years=25%loss

Then 5years=5/2×25%

=62.5%~63%

3 0
3 years ago
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Rearrange w=3(2a+b)-4 to make a the subject
garik1379 [7]

Answer:

w-6b+4/6

Step-by-step explanation:

To get the answer you have to first open the bracket which will give you w=6a+6b-4.You then take 6b-4 to the other side to meet w after this divide all by 6 to make a the subject of the formula.

4 0
3 years ago
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