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Sergeu [11.5K]
3 years ago
8

Answer quick for brainliest

Mathematics
1 answer:
umka2103 [35]3 years ago
8 0

Answer:

y=-1x-5

Step-by-step explanation:

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John is 48 years old. He is planning on retireing when he is 65. He has opened an IRA with an APR of 3.5% compounded daily. If h
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The amount of money that John would have in his account when he is ready to retire is $6,351,400.21.

<h3>How much would be in the retirement account?</h3>

The formula that can be used to determine the future value of the annuity is

Future value = Daily deposit x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Where:

  • r = 3.5 / 365 = 0.0096%
  • n = (65 - 48) x 365 = 6205

Annuity factor = [(1.000096^6205) - 1] / 0.000096 = $8468.53

Future value = 750 x $8468.53 = $6,351,400.21

To learn more about annuities, please check: brainly.com/question/24108530

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2 years ago
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Answer:

C

Step-by-step explanation:

The sum of the lengths of any two sides of a triangle is greater than the length of the third side.

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