Answer:
8.95%
Explanation:
Data provided in the question:
Time, n = 29 years
Principle amount = $200,000
Future value = $2,400,000
Now,
Using the compounding formula
Future value = Principle × [ 1 + r ]ⁿ
here,
r is the interest rate
Thus,
$2,400,000 = $200,000 × [ 1 + r ]²⁹
or
[ 1 + r ]²⁹ = 12
taking the natural log both the sides, we have
29 × ln(1 + r) = ln(12)
or
ln(1 + r) = 0.08569
or
1 + r = 
or
1 + r = 1.0895
or
r = 0.0895
or
r = 0.0895 × 100% = 8.95%
7.26% IRA contain when she retires at age 65
<h3>What is
IRA?</h3>
In the United States, an individual retirement arrangement (IRA) is a type of pension offered by many financial institutions that provides tax benefits for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income in order to benefit the taxpayer in old age.
To contribute to a Roth IRA as a single person, your Modified Adjusted Gross Income (MAGI) must be less than $140,000 for the tax year 2021 and less than $144,000 for the tax year 2022, and if you're married and filing jointly, your MAGI must be less than $208,000 for the tax year 2021 and less than $214,000 for the tax year 2022.
To know more about IRA follow the link:
brainly.com/question/1300867
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Answer:
Yes
Explanation:
Jay who happens to be the husband have claim to the insurance due to the fact that he has been identified as the beneficiary.
Also, Joleen Vora had applied and paid for the first premium however, the policy have not been issued due to the fact that she had not completed the documentation process.
The process can therefore be termed inconclusive so Jay who is the beneficiary can collect the claim.
Answer: They will have eaten the same amount when 4 minutes passed.
Each one will eat 16 cookies.
Explanation:
Hi to answer this question we have to write an equation for the number of cookies that each one eats:
Where m = minutes
If they eat the same amount:
2 m +8 = 4 m
8= 4m -m
8 = 2m
8/2 = m
4 =m
They will have eaten the same amount when 4 minutes passed.
To know the number of cookies eaten.
Jorge = 2m +8 = 2 (4) +8 =16
Emmanuel = 4 m = 4(4) = 16
Each one will eat 16 cookies.