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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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if the probability of an event is 26% what is the probability of its complement occurring? a. 100% b. 74% c. 26% or d. 24%
oksian1 [2.3K]
B. 74%
This is because the complement plus the original must equal 100%.
So...
100 - 26 = 74
5 0
3 years ago
Read 2 more answers
Joe and grace are baking cookies.they need a total of 2 cups of sugar for the recipe. Joe has 11/10 cups of sugar and grace has3
labwork [276]
No, Joe and Grace don’t have enough together because 11/10 is only 1.1 and 3/4 is .75 and u add that together u get 1.85 which is less 2.

Grace needs 12 cups of sugar to make the cookies because 1 cups of sugar makes 6 cookies and each person is getting 3 that’s only enough for 2 people , so multiple every by 12 to get 24 people, 12 cups of sugar, and 72 cookies .
6 0
3 years ago
When two numbers have a sum equal to ___ the numbers are additive inverses example of __ + -9 =0 and 18 + __ = 0
Aliun [14]

Answer: Zero; 9; -18

Step-by-step explanation:

An additive inverse always adds up to zero. 9 is the opposite of -9, and -18 is the opposite of 18

5 0
3 years ago
Carl used 10 2/9 an inch of string to tie a parcel and another 5 1/4 of an inch of string to tie a box, how much string is left
NARA [144]

Answer:

20-(10 2/9)-(5 1/4)= 4.52777777778 inches decimal or 163/36

Step-by-step explanation:

Simplify the following:

20 - (10 + 2/9) - (5 + 1/4)

Put 10 + 2/9 over the common denominator 9. 10 + 2/9 = (9×10)/9 + 2/9:

20 - (9×10)/9 + 2/9 - (5 + 1/4)

9×10 = 90:

20 - (90/9 + 2/9) - (5 + 1/4)

90/9 + 2/9 = (90 + 2)/9:

20 - (90 + 2)/9 - (5 + 1/4)

90 + 2 = 92:

20 - 92/9 - (5 + 1/4)

Put 5 + 1/4 over the common denominator 4. 5 + 1/4 = (4×5)/4 + 1/4:

20 - 92/9 - (4×5)/4 + 1/4

4×5 = 20:

20 - 92/9 - (20/4 + 1/4)

20/4 + 1/4 = (20 + 1)/4:

20 - 92/9 - (20 + 1)/4

20 + 1 = 21:

20 - 92/9 - 21/4

Put 20 - 92/9 - 21/4 over the common denominator 36. 20 - 92/9 - 21/4 = (36×20)/36 + (4 (-92))/36 + (9 (-21))/36:

(36×20)/36 + (4 (-92))/36 + (9 (-21))/36

| 3 | 6

× | 2 | 0

| 0 | 0

7 | 2 | 0

7 | 2 | 0:

720/36 + (4 (-92))/36 + (9 (-21))/36

4 (-92) = -368:

720/36 + (-368)/36 + (9 (-21))/36

9 (-21) = -189:

720/36 - 368/36 + (-189)/36

720/36 - 368/36 - 189/36 = (720 - 368 - 189)/36:

(720 - 368 - 189)/36

720 - 368 - 189 = 720 - (368 + 189):

(720 - (368 + 189))/36

| 1 | 1 |  

| 3 | 6 | 8

+ | 1 | 8 | 9

| 5 | 5 | 7:

(720 - 557)/36

| | 11 |  

| 6 | 1 | 10

| 7 | 2 | 0

- | 5 | 5 | 7

| 1 | 6 | 3:

Answer: 163/36

4 0
3 years ago
The distance around a circular flower bed is 36 feet. Jasper wants to put stakes every 8 inches (2/3 of a foot) around the bed.
White raven [17]
54 stakes.  12" in a foot, 12x36 = 432, 432/8 = 54
4 0
3 years ago
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