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Mrrafil [7]
3 years ago
11

if my medical expenses are $30,000 per year for 35 years with inflation at 5.13% how much money would I have to put in an intere

st bearing account with a 5% return to cover all medical expenses and the account be $0 at the end of 35 years
Mathematics
1 answer:
Serga [27]3 years ago
4 0

Answer:

  $1,021,337.13

Step-by-step explanation:

The sum of present values of medical expenses is ...

  30,000/1.05 +30,000(1.0513)/1.05^2 +30,000(1.0513^2)/1.05^3 +...

So, the series has an initial value of 30,000/1.05 and a common ratio of 1.0513/1.05. Its sum is given by ...

  S = a(r^n -1)/(r -1)

where a = 30,000/1.05, n = 35, r = 1.0513/1.05.

Filling in these values and doing the arithmetic, we get ...

  S = $1,021,337.13

You need an initial deposit of $1,021,337.13 to cover rising expenses for 35 years.

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V= u + at<br> u= 2<br> a = -5<br> t = 1 글<br> Work out the value of v.
Maksim231197 [3]

Answer:

v = - 3

Step-by-step explanation:

Given

v = u + at ← substitute u = 2, a = - 5, t = 1 into the expression

v = 2 + (- 5 × 1) = 2 + (- 5) = 2 - 5 = - 3

5 0
3 years ago
For the following graph, determine if the graph represents a polynomial function. If it is a polynomial function, then determine
tankabanditka [31]

Using function concepts, it is found that the correct option is given by:

a.Yes, this graph represents a polynomial. There are two turning points and the least degree possible is three.

<h3>What is the least degree possible of a polynomial?</h3>

Supposing a polynomial with n turning points, the least possible degree is of n + 1.

In this problem, the polynomial has 2 turning points, hence the least possible degree is of 3 and option a is correct.

More can be learned about functions at brainly.com/question/25537936

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7 0
2 years ago
What is the range of f(x) = -x^2 + 4, if the domain is {2,0,1}?
gregori [183]
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7 0
3 years ago
The amount of time it takes to see a doctor a CPT-Memorial is normally distributed with a mean of 33 minutes and a standard devi
Eva8 [605]

Answer:

a) <em>Z-score = 0.75</em>

b) <em>Z-score = -32.833</em>

Step-by-step explanation:

<u><em>Step(i):-</em></u>

Given that mean of the Population = 33

Given a standard deviation of the Population = 12

Let 'X' be a random variable in a normal distribution

Let 'X' = 42

<u><em>Step(ii):-</em></u>

<em>      </em>Z = \frac{x-mean}{S.D}<em></em>

<em>     </em>Z = \frac{42-33}{12} = 0.75<em></em>

<u><em>Step(iii):-</em></u>

<em>Given that mean of the Population = 89</em>

Given a standard deviation of the Population = 1

Let 'X' be a random variable in a normal distribution

Let 'X⁻ = 82

<em>   </em>Z = \frac{x^{-} -mean}{\frac{S.D}{\sqrt{n} } }<em></em>

<em>     </em>Z = \frac{82-89}{\frac{1}{\sqrt{22} } } =  -32.833<em></em>

<em>Z-score = -32.833</em>

<em></em>

7 0
3 years ago
Please help!!! Math 10 points!
zheka24 [161]

Answer:

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Fourth Blank: 10 minutes.

Step-by-step explanation:

4*5=20 Photos

30/5=6 Minutes

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50/5=10 Minutes

4 0
3 years ago
Read 2 more answers
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