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ycow [4]
3 years ago
7

Danielle would like to start saving for her daughter’s college tuition. Which type of savings account should she open?

Mathematics
2 answers:
love history [14]3 years ago
8 0
401k is saving for retirment  so it is 529 plan
Kitty [74]3 years ago
6 0

Answer:

529 plan

Step-by-step explanation:

In order to determine which account should Danielle open for saving for her daughter's education, one must first identify what each option means here:

Money Market  basically refers to the dealing in short term loans. This is where one either involves in large volume trade with institutions, at wholesale level, or buys mutual funds and opens money market account in the bank, at retail level.

529 plan is where savings are done for future higher education expenses, therefore, is designed to be a tax-advantaged investment plan.

A basic savings account is a simple type of bank account for the purpose of savings by depositing money, keeping it secure and earning interest in the process. There is no specific purpose for opening such accounts and tax is deductible on the interest earned.

A 401(k) is sponsored by employer as retirement savings plan. This where savings are done for utilization at the time of retirement and taxes aren't deducted until money is withdrawn from the account.

Hence, we can conclude from the above mentioned definitions that the 529 plan will be best savings plan for Danielle to open in order to start saving for her daughter's education.

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Simplify the radical expression. Leave it in radical form. SHOW YOUR WORK<br><br> √75 + √3 √75 + √3
gayaneshka [121]
15+6<span>√3 is the correct answer.

Work:  
</span><span>√75 + √3 √75 + √3
5</span>√3+√3+√3*5√3
6√3+3*5
15+6√3
6 0
3 years ago
Two surfers and statistics students collected data on the number of days on which surfers surfed in the last month for 30 longbo
Alisiya [41]

Answer:

Do not reject H0. The mean days surfed for longboarders is significantly larger than the mean days surfed for all shortboarders

Step-by-step explanation:

The null hypothesis is that  the mean days surfed for all long boarders is larger than the mean days surfed for all short boarders

H0:  μL > μs      against the claim Ha:  μL≤ μs

the alternate hypothesis is the mean days surfed for all long boarders isless or equal to  the mean days surfed for all short boarders (because long boards can go out in many different surfing conditions)

The test statistic is

t= x1- x2/  √s1/n1+ s2/n2

1) Calculations

Longboards

Mean

ˉx=∑x/n=4+8+9+4+9+7+9+6+6+11+15+13+16+12+10+12+18+20+15+10+15+19+21+9+22+19+23+13+12+10/30

=377/30

=12.5667

Longboard Variance S2=[∑dx²-(∑dx)²/n]/n-1

=[831-(-13)²/30]/29

=831-5.6333/29

=825.3667/29

=28.4609

Shortboard Mean

ˉx=∑x/n=6+4+6+6+7+7+7+10+4+6+7+5+8+9+4+15+13+9+12+11+12+13+9+11+13+15+9+19+20+11/30

=288/30

=9.6

Shortboard Variance S2=[∑x²-(∑x)²/n]/n-1

=[ 3270-(288)2/30]/29

=3270-2764.8/29

=505.2/29

=17.4207

2) Putting values in the test statistic

t=|x1-x2|/√S²1/n1+S²2/n2

t =|12.5667-9.6|/√28.4609/30+17.4207/30

t =|2.9667|/√0.9487+0.5807

t=|2.9667|/√1.5294

t=|2.9667|/1.2367

t=2.3989

3) Degree of freedom =n1+n2-2=30+30-2=58

4) The critical region is t ≤ t(0.05) (58) =1.6716

5) Since the calculated t= 2.4 does not fall in the critical region t(0.05) (58)  ≤ 1.6716 we do not reject H0.

The p-value is 0.008969. The result is significant at p <0 .05.

6 0
3 years ago
Need help plz im big dum dum -_-
melamori03 [73]

Answer:

603

Step-by-step explanation:

First divide to get unit rate:

737/11= 67

Then  multiply:

67*9= 603

Hope this helps! :)

5 0
3 years ago
Read 2 more answers
What is the difference of the rational expressions below?
Korolek [52]

Answer:

in the pic

Step-by-step explanation:

answer A

.....

4 0
3 years ago
Need an answer I need help?
SIZIF [17.4K]

Answer:

You need help or I need help?

Step-by-step explanation:

(I typed with a keyboard)

7 0
4 years ago
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