Answer:
either 5 or 6 months
Step-by-step explanation:
Tom M Jerry
500 1 125
475 2 175
450 3 225
425 4 275
400 5 325
375 6 375
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:
Answer:
L = 10.64°
Step-by-step explanation:
From the given information:
In triangle JKL;
line k = 9.6 cm
line l = 2.7 cm; &
angle J = 43°
we are to find angle L = ???
We can use the sine rule to determine angle L:
i.e
Using Pythagoras rule to find j
i,e
j² = k² + l²
j² = 9.6²+ 2.7²
j² = 92.16 + 7.29
j² = 99.45
j = 9.97
∴
Answer:
0.625
Step-by-step explanation:
Answer:
2520 decrease per year
Step-by-step explanation:
8.4% is also .084 so you multiply .084 by 30,000 and get 2520.
