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
= $167,272
Step-by-step explanation:
Answer:
slope = -3
Step-by-step explanation:
1) Rearrange eqn into slope intercept form
slope intercept form: y = mx + b
where...
m = the slope
b = the y-intercept (where the line crosses the y axis)
3x + y = 12
y = -3x+12
2) Know parallel rule. A line that runs parallel has the same slope but a different y-intercept
So the slope is: -3
Answer:
50$
Step-by-step explanation:
270/6=45
10% of 50 is 5
so 50-5= 45
Answer:
Number of Significant Figures: 4
The Significant Figures are 1 0 7 6
Answer:
(8+24)÷(12x4) the correct answer is B
