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murzikaleks [220]
2 years ago
7

Lauren will make annual contributions in the amount of $4,770, on average, to a 401(k) over the next 34 years. Her employer will

match 60% of her contributions. She is currently being taxed at 33%, but anticipates being taxed at 15% upon retirement. If her account grows at an average rate of 5.5% annually, what is the value of Lauren's 401(k) upon retirement?
$381,435.69

$395,228.47

$481,057.72

$610,297.11

And please explain why!!!!
Mathematics
1 answer:
fredd [130]2 years ago
4 0

Answer:

  $610,297.11

Step-by-step explanation:

The problem seems to make several assumptions:

  • contributions are made at the end of each year
  • contributions and employer matching funds are not taxed until retirement
  • the 15% tax rate applies to the account balance amount at retirement

Of these, the last is least likely to be true in the United States.

___

Based on the assumptions above, we compute the amount from the future value of the series of contributions, then subtract 15% from that result.

  FV = P·((1 +r)^n -1)/r . . . . where P is the amount of each payment, r is the annual interest rate, n is the number of payments.

The amount deposited each year is ...

  $4770 + 0.60·4770 = $7630

Then the future value after 34 deposits is ...

  FV = 7630·(1.055^34 -1)/0.055 ≈ 717,996.60

When this amount is reduced by the assumed 15% tax rate, it becomes ...

  $717,996.60 - 0.15·717,996.60 = $610,297.11

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I’m not sure how to complete this if anyone can solve it for me
finlep [7]

Answer:  AD = 108

               BD = 105

             ADB = 213

             ABC = 182

<u>Step-by-step explanation:</u>

If no radius is given, assume it is length 1.

Then, the length of the arc is equal to the central angle.

Reminder that a circle is 360°

\bold{\underline{\stackrel\frown{AD}:}}

The central angle = 108°, so the arc length = 108

\bold{\underline{\stackrel\frown{BD}:}}

BD = BC + CD

     = 35° + 70°

     = 105°

The central angle = 105°, so the arc length = 105

\bold{\underline{\stackrel\frown{ADB}:}}

ADB = AD + CD + BC

     = 108° + 70° + 35°

     = 213°

The central angle = 213°, so the arc length = 213

\bold{\underline{\stackrel\frown{ABC}:}}

First, find the angle of AB.

AB = 360° - ADB  

     = 360° - 213°      

     = 147°

ABC = AB + BC

     = 147° + 35°

     = 182°

The central angle = 182°, so the arc length = 182

5 0
3 years ago
Based on its degree, what kind of polynomial is this <br><br> h(x)= -6x^3+2x-5
Lelechka [254]

Answer:

cubic polynomial

Step-by-step explanation:

Given polynomial is \[h(x)=-6x^{3}+2x-5\]

A polynomial of degree 1 is a linear polynomial.

A polynomial of degree 2 is a quadratic polynomial.

A polynomial of degree 3 is a cubic polynomial.

In this case the exponent with the maximum value in the polynomial is 3.

Hence the degree of the polynomial h(x) is 3.

Hence the given polynomial is a cubic polynomial.

7 0
3 years ago
1. A company produces two types of nutritional supplements; Energize and Excel. Energize contains 26 mg of vitamin A, 42 mg of v
geniusboy [140]

Answer:

1)A) Minimize C = 40x + 100y.

2) d) 7x + 8y ≤ 190, 5x + 4y ≤ 22, x ≥ 0, y ≥ 0.

3) B) Min C = 295x + 416y; s.t 23x + 15y ≥ 154, 17x + 25y ≥ 140, x ≥ 0, y ≥ 0.

Step-by-step explanation:

1) Energize pills cost 40 cents each, while Excel pills cost 100 cents each. If x represent the energize pills and y represent the excel pills, the objective function would be:

minimize cost = cost of energize pill + cost of excel pill

Minimize cost = 40x + 100y

2) Let x = the number of mountain bikes they produce, and let y = the number of racing bikes they produce.

7 hours of assemble time to produce a mountain bike and 8 hours of assemble time to produce a racing bike. Since the company has at most 190 hours for assemble time, it can be represented as:

7x + 8y≤ 190

5 hours of mechanical tuning to produce a mountain bike and 4 hours of mechanical tuning to produce a racing bike. Since the company has at most 22 hours for mechanical tuning, it can be represented as:

5x + 4y ≤ 22

Also assemble time and mechanical time must be greater than 0, hence:

x ≥ 0, y ≥ 0

3) The fieldwork constraint can be represented as:

23x + 15y ≥ 154

The time to be spent at university research center can be represented as:

17x + 25y ≥ 140

Both fieldwork time and time spent at university research center mut be greater than 0, hence:

x ≥ 0, y≥ 0

The cost equation is:

Minimize cost = 295x + 416y

5 0
3 years ago
Which of the following lists is in order from smallest to largest? 1.4, 1/4 ,14% 1/4 , 14%, 1.4 14%, 1/4 , 1.4 1.4, 14%, 1/4
777dan777 [17]
Firstly, I noticed that there are fractions, decimals, and percents. I will change everything to percents, so it’s more easy for me to compare each of them.

List 1. 140%, 25%, 14%. This is from greatest to least, not least to greatest.
List 2. 25%, 14%, 14%. This is not from least to greatest, either.
List 3. 14%, 25%, 140%. This is from least to greatest.
List 4. 140%, 14%, 25%. This is not from least to greatest.

List 3 is from least to greatest. I got this answer by converting all of the fractions and decimals to percentages.
5 0
2 years ago
What is the vertex and the equation of the axis of symmetry of the graph of y=x2-6x-7?
Ray Of Light [21]
X= -b over 2a = --6 over 2×1=3
y=3²-6(3)-7=-16
vertex is (3,-16)
axis of symmetry is 3
3 0
2 years ago
Read 2 more answers
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