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:
False
Step-by-step explanation:
girls : boys : total
5 : 6 :11
Multiply each term by 2
10: 12 :22
Ratio of girls to boys
10:12
Divide by 2
5:6
The ratio of girls to boys is still 5:6 but the total students is 22
Answer:
Minimum
Step-by-step explanation:
The equation is a quadratic function meaning the the shape is a parabola. The sign of x^2 is + so the graph open upward. Thus the vertex is the minimum point on the graph.
Circles will never have a side but they only have 1 line that can be counted as a side.
Answer:
Part A = $180
Part B = $104
Step-by-step explanation:
Part A:
You do 255÷5=51
51 x 4 = 180
Part B:
You do 130÷5=26
26 x 4 = 104
