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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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Can someone help me with these two or at least explain it pls
Bad White [126]

A withdrawal from an account means taking money out of your account. That means whatever money you have in there becomes a smaller amount because you're subtracting money from the account.

So, to work out how much money Jan withdrew as a negative sum, you just have to look at how much she took out:

-25 - 45 - 75 = -$145

This means Jan took out $145 from her account, and we write it with a negative sign because it's money that's going to be taken away from whatever's in there.

The same thing applies to Julie:

-35 - 55 - 65 = -$155

Julie took out $155 from her account, so her withdrawals were -$155.

Therefore, your final answer for 24a. is -$145 and your answer for 24b. is -$155.

7 0
3 years ago
While on a walk in the country, you pass a field of goats and chickens. After a quick count, you determine there are 38 heads an
Neko [114]

Answer:there are 16 goats and 22 chickens.

Step-by-step explanation:

Let x represent the number of goats in the field.

Let y represent the number if chicken in the field.

After a quick count, you determine there are 38 heads and 108 feet in the field. A goat has one head. A chicken also has one head. It means that

x + y = 38

A goat has four legs. A chicken has 2 legs. It means that

4x + 2y = 108 - - - - - - - - - - - 1

Substituting x = 38 - y into equation 1, it becomes

4(38 - y) + 2y = 108

152 - 4y + 2y = 108

- 4y + 2y = 108 - 152

- 2y = - 44

y = - 44/ - 2

y = 22

x = 38 - y = 38 - 22

x = 16

8 0
3 years ago
Select all that apply If 2x^2-6x=0, then​
babymother [125]

Answer:

then 2x = 0 and x - 3 = 0

Step-by-step explanation:

4 0
3 years ago
Question 5^ Need help ... ASAP ... your help is really appreciated ...
goblinko [34]

Answer:

See below

Step-by-step explanation:

I think we had a question similar to this before. Again, let's figure out the vertical and horizontal distances figured out. The distance from C at x=8 to D at x=-5 is 13 units while the distance from C at y=-2 to D at y=9 is 11 units. (8+5=13 and 2+9=11, even though some numbers are negative, we're looking at their value in those calculations)

Next, we have to divide each distance by 4 so we can apply it to the ratio. 13/4=\frac{13}{4} and 11/4=\frac{11}{4}. Next, we need to read the question carefully. It's asking us to place the point in the ratio <em>3</em> to <em>1</em> from <em>C</em> to <em>D</em>. The point has to be closer to endpoint D because of this. Let's take each of our fractions, multiply them by 3, then add them towards the direction of endpoint D to get our answer (sorry if that sounds confusing):

\frac{13}{4}*3 = \frac{39}{4}\\ 8-\frac{39}{4} =  \frac{-7}{4}\\\frac{11}{4}*3 = \frac{33}{4}  \\-2+\frac{33}{4} = \frac{25}{4}

Therefore, our point that partitions CD into a 3:1 ratio is (\frac{-7}{4}, \frac{25}{4}).

I'm not sure if there was more to #5 judging by how part B was cut off. From what I can understand of part B, however, I believe that Beatriz started from endpoint D and moved towards C, the wrong direction. She found the coordinates for a 1:3 ratio point.

Also, for #6, since a square is a 2-dimensional object, the answer needs to be written showing that. The answer for #6 is 9 units^2.

7 0
3 years ago
A triangle has sides that measure 5cm, 12 cm and 13cm. What type of triangle is it?
kykrilka [37]

Answer:

i think its an isoceles

Step-by-step explanation:

6 0
3 years ago
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