Answer:
The computation of the given question is shown below:-
Total Contributions = Monthly contribution + Amount invested in Ferdinand’s 401(k)
= $250 + $125
= $375
1. Future Value = PMT [((1 + r)n - 1) ÷ r
Future value = 375 × ((1 + 0.03 ÷ 12) × 12 × 40 - 1) ÷ (0.03 ÷ 12)
= $347,272
2. Ferdinand deposit = Given Amount × Total number of months in a year × Number of years
= $250 × 12 Months × 40 Years
= $120,000
3. The Amount put in by the employer = 50% of $250 ×Total number of months in a year × Number of years
= $125 × 12 Months × 40 Years
= $60,000
4. Interest = Future value - Ferdinand deposit - The Amount put in by the employer
= $347,272 - $120,000 - $60,000
= $167,272
Step-by-step explanation:
50,000 / 2500 = 20....he bought them for 20 bucks a piece. So if he wants to sell them at 15% profit, he would sell them for 20 + 0.15(20) = $ 23 bucks.
A 15% profit of 50,000 dollars is 0.15(50,000) = 7500. Plus the 50 grand spent totals 57500. So they want to make a $ 7500 profit. Selling 2500 lamps at $ 23 per lamp (2500 x 23 = 57500) makes them their profit.
I should just shut up now...answer is $ 23 per lamp
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Given information
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It is a cube
Length = 6.2 ft
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Find one surface
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6.2 x 6.2 = 38.44 ft²
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Find all 6 surfaces
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38.44 x 6 = 230.64 ft²
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Answer: 230.64 ft²
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Answer:
2.39 x 10^5 miles
Step-by-step explanation:
Although it is not usually written, there is always a .0 at the end of a number unless there is a specific decimal that was given.
So, the number here is 239,000.0 and if you count the number of spaces that the decimal needs to move in order to be in the correct spot for scientific notation (which is always after the first number), there is 5 spaces.
Therefore the answer is 2.39 x 10^5 miles.
