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:
A
Step-by-step explanation:
If 1.09 yards is in a meter, then there are 4572 meters in 5000 feet.
A is the correct answer. Hope this helps!
Answer:
should be 43
Step-by-step explanation:
because it goes up by 2 every time
1. Y = 10x
2. Y = 100 + 30x
3. Y = 50 + 1x
5. Y = 15 + .12x
First you have to know the price of item.
EX: Say a candy car costs $1.50.
The candy bar was marked down 30%.
$1.50 x 30/100 = $.45
The item will decrease $.45.
$1.50 - $.45 = $1.05
