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:
7+14+15+5+8 + 9 =58 yard
answer 58 yd
Answer:
(0, 1)
Step-by-step explanation:
The point lies on the line x = 0.
The point lies on the line y = 1.
Where both lines intersect, that is the coordinate.
(x, y)
(0, 1)
To work out the percent increase, we can use the following equation:
24 / 10 = 2.4
2.4 x 100 = 240%
Hope I helped!
Answer:
Step-by-step explanation:
Length and width of the yard are 
and 
.
