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
DIA [1.3K]
3 years ago
10

Tanya is 42 years old. she would like to open aretirement account so she will have half a million dollars in the account when sh

e retires at the age 65. how much did she deposit each month into an account with an apr of 2.75% to reach her goal?
Mathematics
1 answer:
gladu [14]3 years ago
7 0
Let the total amount that Sarah deposited be $x
using the annuity formula:
A=P[((1+r)^n-1)/r]
A=future value
r=rate
n=number of years
from the information given:
A=$500000
r=2.75%
n=65-42=23 years
p=$x
thus plugging our values in the formula we get:
500000=x[((1+0.0275)^(23)-1)/(0.0275)]
500000=31.50x
x=15,872.04883
She deposited 15,873.04883 per year
The monthly deposit will therefore be:
15873.04883/12=$1322.67
You might be interested in
Man has $100 and wants to buy a radio and earphones. All radios and earphones are 25% off the List price and NO sales tax.
-Dominant- [34]
To find what 25 percent of 130 is we must convert 25 to a decimal. 0.25
Then we multiply .25 and 130 to get 32.5 dollars off 130. This means that the radio and earphones will cost $97.50 and you will have $2.50 remaining. 
If this helped you out Brainliest answer would be appreciated
5 0
3 years ago
Read 2 more answers
The original price of a skateboard, not including tax, was $96. Charlie bought the skateboard on sale, and he saved 30% off of t
Juli2301 [7.4K]

Answer:

The sale price was $67.20

Step-by-step explanation:

The sale price is 30% less than the original price.  Symbolically,

Sale price:  (100% less 30%) of $96, or

                     (1.00 - 0.30)($96), or 0.70($96) = $67.20

The sale price was $67.20

6 0
2 years ago
Help pleasee and show workk!!!!!!!
Jet001 [13]

Answer:

WAP MOMENTYSHEHWJWUE

3 0
3 years ago
Find one factor of: 3x^3-10x^2+3x+10
lys-0071 [83]
Well, when you factor out this polynomial, you get (x-2)(3x^2-4x-5).
I don't really know how that can help, but I tried. :/
5 0
3 years ago
What is 21/99 in a decimal form
Norma-Jean [14]

Answer:

0.2121~

Step-by-step explanation:

It's a repeating number. 0.0212121212

7 0
3 years ago
Other questions:
  • 12. A fruit basket contains oranges and grapefruits. One-third of the orange
    11·1 answer
  • the origial price of the computer was reduced by $250 if p= the computer's original price in dollars which algebraic expression
    7·2 answers
  • Consider the following geometric sequence -5, 10, -20, 40,..... if the recursive formula for the sequence above expressed in the
    12·1 answer
  • Select the correct answer from each drop-down menu. if f(x)=x^2+2x-3 and g(x)=x^2-9, find (f/g)(4) and (f+g)(4).
    5·1 answer
  • Round your answer to the nearest hundredth.<br> ?<br> А<br> C<br> 3<br> 70°<br> B
    12·1 answer
  • HELP ASAP
    8·1 answer
  • What is the answer for x²+9x-10
    12·2 answers
  • Ambrose and Kaitlin are taking a pottery class. Kaitlin makes a bowl every 13 minutes. Ambrose makes a bowl every 7 minutes. If
    7·1 answer
  • Help me answer this please:)
    10·1 answer
  • How do I simplify this?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!