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zhuklara [117]
3 years ago
15

At age 35 you start saving for retirement. If your investment plan pays an APR of 6% and you want to have $1.5 million when you

retire in 30 years, how much should you deposit monthly? Assume an ordinary annuity.
Mathematics
1 answer:
Alisiya [41]3 years ago
8 0
<span>I would suggest you deposit $1,493.26 monthly</span>
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(6x-5y+4)dy+(y-2x-1)dx=0​
Len [333]

(6<em>x</em> - 5<em>y</em> + 4) d<em>y</em> + (<em>y</em> - 2<em>x</em> - 1) d<em>x</em> = 0

(6<em>x</em> - 5<em>y</em> + 4) d<em>y</em> = (2<em>x</em> - <em>y</em> + 1) d<em>x</em>

d<em>y</em>/d<em>x</em> = (2<em>x</em> - <em>y</em> + 1) / (6<em>x</em> - 5<em>y</em> + 4)

Let <em>X</em> = <em>x</em> - <em>a</em> and <em>Y</em> = <em>y</em> - <em>b</em>. We want to find constants <em>a</em> and <em>b</em> such that

d<em>Y</em>/d<em>X</em> = (a rational function)

where the numerator and denominator on the right side are free of constant terms. Substituting <em>x</em> and <em>y</em> in the equation, we have

d<em>Y</em>/d<em>X</em> = (2 (<em>X</em> + <em>a</em>) - (<em>Y</em> + <em>b</em>) + 1) / (6 (<em>X</em> + <em>a</em>) - 5 (<em>Y</em> + <em>b</em>) + 4)

d<em>Y</em>/d<em>X</em> = (2<em>X</em> - <em>Y</em> + 2<em>a</em> - <em>b</em> + 1) / (6<em>X</em> - 5<em>Y</em> + 6<em>a</em> - 5<em>b</em> + 4)

Then we solve for <em>a</em> and <em>b</em> in the system,

2<em>a</em> - <em>b</em> + 1 = 0

6<em>a</em> - 5<em>b</em> + 4 = 0

==>   <em>a</em> = -1/4 and <em>b</em> = 1/2

With these constants, the equation reduces to

d<em>Y</em>/d<em>X</em> = (2<em>X</em> - <em>Y</em>) / (6<em>X</em> - 5<em>Y</em>)

Now substitute <em>Y</em> = <em>VX</em> and d<em>Y</em>/d<em>X</em> = <em>X</em> d<em>V</em>/d<em>X</em> + <em>V</em> :

<em>X</em> d<em>V</em>/d<em>X</em> + <em>V</em> = (2<em>X</em> - <em>VX</em>) / (6<em>X</em> - 5<em>VX</em>)

The equation becomes separable after some simplification:

<em>X</em> d<em>V</em>/d<em>X</em> + <em>V</em> = (2 - <em>V</em>) / (6 - 5<em>V</em>)

<em>X</em> d<em>V</em>/d<em>X</em> = (2 - <em>V</em>) / (6 - 5<em>V</em>) - <em>V</em>

<em>X</em> d<em>V</em>/d<em>X</em> = (2 - <em>V</em> - (6 - 5<em>V</em>)) / (6 - 5<em>V</em>)

<em>X</em> d<em>V</em>/d<em>X</em> = (4<em>V</em> - 4) / (6 - 5<em>V</em>)

- (5<em>V</em> - 6) / (4<em>V</em> - 4) d<em>V</em> = 1/<em>X</em> d<em>X</em>

Integrate both sides:

-5/4 <em>V</em> + 1/4 ln|4<em>V</em> - 4| = ln|<em>X</em>| + <em>C</em>

Extract a constant from the logarithm on the left:

-5/4 <em>V</em> + 1/4 (ln(4) + ln|<em>V</em> - 1|) = ln|<em>X</em>| + <em>C</em>

-5/4 <em>V</em> + 1/4 ln|<em>V</em> - 1| = ln|<em>X</em>| + <em>C</em>

-5<em>V</em> + ln|<em>V</em> - 1| = 4 ln|<em>X</em>| + <em>C</em>

Get this back in terms of <em>Y</em> :

-5<em>Y/X</em> + ln|<em>Y/X</em> - 1| = 4 ln|<em>X</em>| + <em>C</em>

Now get the solution in terms of <em>y</em> and <em>x</em> :

-5 (<em>y</em> - 1/2)/(<em>x</em> + 1/4) + ln|(<em>y</em> - 1/2)/(<em>x</em> + 1/4) - 1| = 4 ln|<em>x</em> + 1/4| + <em>C</em>

<em />

With some manipulation of constants and logarithms, and a bit of algebra, we can rewrite this solution as

-5 (4<em>y</em> - 2)/(4<em>x</em> + 1) + ln|(4<em>y</em> - 4<em>x</em> - 3)/(4<em>x</em> + 1)| = 4 ln|<em>x</em> + 1/4| + 4 ln(4) + <em>C</em>

-5 (4<em>y</em> - 2)/(4<em>x</em> + 1) + ln|(4<em>y</em> - 4<em>x</em> - 3)/(4<em>x</em> + 1)| = 4 ln|4<em>x</em> + 1| + <em>C</em>

-5 (4<em>y</em> - 2)/(4<em>x</em> + 1) + ln|4<em>y</em> - 4<em>x</em> - 3| - ln|4<em>x</em> + 1| = 4 ln|4<em>x</em> + 1| + <em>C</em>

-5 (4<em>y</em> - 2)/(4<em>x</em> + 1) + ln|4<em>y</em> - 4<em>x</em> - 3| = 5 ln|4<em>x</em> + 1| + <em>C</em>

8 0
3 years ago
Please dont answer with anything bad :((( extremely need help
svetoff [14.1K]

Answer:

120°

Step-by-step explanation:

A line must add up to 180°.

The sum of angles in a triangle also adds up to 180°.

Step 1: Find measures interior angles.

3x = 180

x = 60°

Step 2: Find measures of exterior angels.

x + 60 = 180

x = 120°

5 0
3 years ago
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A microorganism is a pathogen that _______
sergij07 [2.7K]

Answer:

A. can cause disease

Step-by-step explanation:

7 0
3 years ago
(125,75)-(40,72) işleminin sonucunu bulunuz​
V125BC [204]

85,03 çevap budur inşallah doğrudur iyi dersler

8 0
2 years ago
Michael cleans 90 cars in 5 days. How many cars does Michael clean per day?
Neko [114]

Answer:

18

Step-by-step explanation:

Since he does 90 cars-----5 days

x cars--------1 day

we multiply 90 by 1 then over 5

5 0
1 year ago
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