Help me please ASAP ......

You save for retirement over 30 years by investing $850/month in a stock account that yields 10%. You invest $350/month in a bon

sergejj [24]

Answer:

$13,287.70

Step-by-step explanation:

The future value of the stock account is computed as the sum of a geometric series. This computation assumes that the annual yield is compounded monthly.

FV = p((1+r/12)^(12n) -1)/(r/12)

For the stock account, p=850, r=0.10, n=30, so the future values is ...

FV = 850((1+.10/12)^360-1)/(.10/12)) = 1,921,414.74

For the bond account, p=350, r=.06, n=30, so the future value is ...

FV = 350((1+.06/12)^360 -1)/(.06/12) = 351,580.26

The combined account value at the end of 30 years is ...

$1,921,414.74 + 351,580.26 = $2,272,995.00

_____

The monthly payment that can be made over a 25 year period is given by the amortization formula.

A = P(r/12)/(1 -(1 +r/12)^(-12n))

= $2,272,995.00(.05/12)/(1 -(1+.05/12)^-300) = $13,287.70

You can withdraw $13,287.70 each month assuming a 25-year withdrawal period.

6 0

4 years ago

Write the rational number 0.3 in the form ab , where a and b are integers.

grandymaker [24]

Answer: 3/10

Step-by-step explanation:

Given a decimal number 0.3

To Write the rational number 0.3 in the form ab , where a and b are integers, take it to be :

0.3 /1

Multiply the numerator and the denominator by 10

0.3/1 × 10/10 = 3/10

Therefore, a = 3 and b = 10

the rational number 0.3 in the form ab , where a and b are integers is

3/10

5 0

3 years ago

98 POINTS FOR THE BEST ANSWER!

gladu [14]

1.The second industrial revolution refers to the changes in manufacturing and building, and the new inventions brought about by the introduction of inexpensive steel. After the Second Industrial Revolution cites were overcrowded because of the need of jobs for people. The streets of cities were overcrowded which had sanitation issues so, lots of people were getting sick as a result. Crime grew as a result of not enough police and because it was easy to lose the police in crowds of people. Devices such as cars, electric lights, and telephones made the middle class's life more enjoyable. People who did urban planning reforms such as trolly parks made it so the working class could spend their extra time and money on something enjoyable.

2.One of the largest effects that we still deal with all over the war is Slavery. The Atlantic Slave Trade is a well-known trade route used to trade slaves and items through Africa.Through the trade and conquering of Africa by the Europeans, weapons and processed items were traded with the Africans.The trade of items allowed major groups to prosper and continue to grow. This eventually resulted in large African kings defending their lands against the powerful Europeans when they attacked.

3.Nationalism is patriotic feelings towards your country. Nationalism can cause terror or hate to other nations that you see as a threat to your way of life. I'll give you one example so as not to do the work for you. The Nazi's were a great example of strong nationalism.

4 0

3 years ago

Read 2 more answers

Kelly blends coffee. She mixes brand A costing $6 per kilogram with brand B costing $8 per kilogram. How many kilograms of each

sukhopar [10]

Step-by-step explanation:

Let

x

be the kg of coffee of brand A in the mix and

y

be the kg of coffee of brand B in the mix.

The total kg must be

50

.

x

+

y

=

50

The cost per kg of the mix must br

$

7.20

. For this, the total cost of the mix will be

6

x

+

8

y

, so the total cost per kg of the mix will be

6

x

+

8

y

50

.

6

x

+

8

y

50

=

7.20

Now that we have our two equations, we can solve.

6

x

+

8

y

=

7.20

⋅

50

6

x

+

8

y

=

360

From the first equation, we can multiply both sides by

6

to get:

6

x

+

6

y

=

300

Subtracting, we get:

2

y

=

60

y

=

30

Thus, we need

30

kg of brand B in our mix. This means that

50

−

30

=

20

kg will be of brand A.

6 0

3 years ago

Hi plz answer this I'll give u more points if u do

Brrunno [24]

Answer:

6 feet in the distance

Step-by-step explanation:

6 0

2 years ago