1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
oee [108]
3 years ago
7

Burton Bush wants to retire in Arizona when he is 80 years of age. Burton, who is now 55, believes he will need $400,000 to reti

re comfortably. To date, he has set aside no retirement money. If he gets an interest of 6 percent compounded annually, he will have to invest today: (Use the tables in the handbook)
$92,300
$69,900
$96,500
$93,200
None of these
Mathematics
1 answer:
Pachacha [2.7K]3 years ago
4 0
N = Number of years = 80 - 55 = 25
A = $400,000
r = 6% = 0.06

A = P(1 + r)^n
400,000 = P(1 + 0.06)^25 = P(1.06)^25 = 4.292P
P = 400,000 / 4.292 = $93,200
You might be interested in
For what values of fxis * x ^ 2 - 36 = 5x true?
jeka57 [31]

Answer:

Step-by-step explanation:

x ² - 36 = 5x

x²-5x-36=0

a=1  b= -5  c=-36

calculate the discriminent b²-4ac ......continu

5 0
3 years ago
Read 2 more answers
What is the answer too -6/7 x 3/8
IrinaK [193]

Answer:

-9/28

Step-by-step explanation:

<u>Step 1:  Solve</u>

-6/7 * 3/8

-18/56

-18/2 / 56/2

<em>-9/28</em>

<em />

Answer:  -9/28

6 0
4 years ago
The ice-skating rink charges an hourly fee for skating and $3 to rent skates for the day. Gillian rented skates and skate it for
djyliett [7]
Subtract $3 from $21 to get the cost of skating for three hours without the rental fee. 21-3=18. $18 was spent on skating for three hours so you'll divide 18 by 3 to get the hourly rate. 18/3=6.
C(x)=6x+3


8 0
4 years ago
Farmer Ed has 2,500 meters of fencing,
Juliette [100K]

Answer:

Because it is a rectangle, the area is expressed as A = xy, or length times width.

Because it is next to the river, he only needs to fence three sides, so F = x + 2y.

Knowing the amount of fencing available is 7500m, we get:

 

7500 = x + 2y        solve for x

x = 7500 - 2y         substitute into the area equation

A = (7500 - 2y)y     distribute

A = -2y2 +7500y

 

You can see that this is a parabola which opens down, meaning that the point of maximum area will be at the vertex, y = -b/2a = -7500/[2(-2)] = 1875

 

x = 7500 - 2(1875) = 3750

 

A = 3750(1875)  = 7,031,250 m2

Step-by-step explanation:

4 0
4 years ago
Solve the equation.
djverab [1.8K]
(y - 5)/3 = 1
y - 5 = 3 x 1 = 3
y = 3 + 5 = 8

6x + 29 = 5
6x = 5 - 29 = -24
x = -24/6 = -4
7 0
4 years ago
Read 2 more answers
Other questions:
  • An isosceles triangle has an angle that measures 50°. Which other angles could be in that isosceles triangle? Choose all that ap
    6·1 answer
  • What is. 5×3×4÷12+6-2​
    14·2 answers
  • The probability that a lab specimen contains high levels of contamination is 0.14. a group of 4 independent samples are checked.
    14·1 answer
  • Graph the equation on the coordinate plate y=4x+4
    13·1 answer
  • Using the rule y = 8x+ 5, Find the value of y when xis 6.
    11·1 answer
  • Using the graph to the right, write the ratio in simplest form. BD/AD
    6·1 answer
  • (07.01)How many solutions can be found for the equation 4x = 4x?
    13·1 answer
  • Solve this to get 25 points. Correct answer gets brainliest!
    13·1 answer
  • If 1/5 of all lawyers are self-employed, what percent of lawyers are self-employed?
    15·2 answers
  • Find the surface area of a cylinder with radius 2 yards and height 6 yards.<br> Give me the answer
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!