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
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 
You might be interested in
Simplify : 7x^2 + 6x + 9x^2 - 5x
anastassius [24]

Answer:

131x

Step-by-step explanation:

7x² + 6x + 9x² - 5x

49x + 6x + 81x - 5x

136x - 5x

131x

7 0
3 years ago
Write an equation in slope-intercept form for the line that passes through the given point and is perpendicular to the following
Valentin [98]
The perpendicular equation would include a slope that is the opposite reciprocal of the original slope.

Steps:
1. Get x to the other side in the original equation. This making the slope -4 or -4/1.

2. Turn the slope into it’s opposite reciprocal m = 1/4.

3. If you use point-slope form, y - y1 = m( x - x1 ), you can substitute y1 and x1 with the numbers in the point given. But since we previously found the opposite reciprocal, we will replace “m” as well. *By the way, the subtraction of a negative makes a positive. [y + 3 = 1/4( x + 4 )]

4. Solve:
A: Distribute (y + 3 = 1/4x + 1)
B: Subtract 3 from both sides (y = 1/4x -2)

Perpendicular Equation: y = 1/4x - 2
5 0
3 years ago
Read 2 more answers
PLEASE SOMEONE HELP ME
Julli [10]

Answer:

The answer is 5 times

Step-by-step explanation:

First, we need to read the change in price in 2000 and 2007, from the graph.

So, the change in price in 2000 was $0.14 and in 2007 it was $0.71.

Now, we do the same thing we always do when comparing two values - we divide them. So:

0.71 / 0.14 = 5.07

Of course, we could multiply these values with 100, in order to avoid decimal numbers. Then we would get:

71 / 14 = 5.07

We could also divide this in the form of fractions:

71/100 / 14/100 = 5.07

There are several ways we could divide rational numbers, but the result will always be the same.

Change in price in 2007 was around 5 times greater than the change in 2000.

I hope this helps!!;-)

6 0
3 years ago
4/3 (4•5)} = 203 <br><br> ? = 203
Marta_Voda [28]

Answer:

4/3 (4•5)} = 203

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Obon
SVETLANKA909090 [29]

Answer:

<h2>Sorry mate I am not able to understand ur question ❓❓❓❓ . sorry mate next time I can give u the answer.</h2>
3 0
3 years ago
Other questions:
  • Solve for x. Use the completing the squares
    9·1 answer
  • Factor the expression 16a^2 -81
    8·1 answer
  • Aaron and Blake both wrote down equation. Their equation has the same slope, But Aaron's y-intercept was negative and Blake's y-
    8·1 answer
  • What is the solution to the nearest tenth to the equation below?<br><br> 0.3y = -2
    12·1 answer
  • a horse and a saddle cost 5000 dollars. if the horse cost 4 tomes as much as the saddle, what was the cost of each?
    14·1 answer
  • I need help fast (26 POINTS!!)
    15·1 answer
  • The image shows a geometric representation of the function f(x) = x2 – 2x – 6 written in standard form. An algebra tile configur
    14·2 answers
  • The graphs of f(x) and g(x) are shown below:
    6·1 answer
  • A 5-foot peice of ribbon cost 13.20 dollars. WHAT is the price per inch
    15·1 answer
  • C) On Sunday, there were 28 students present in class five. 18 of them were boys and the rest were girls. If only 4 girls were a
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!