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:
Every confidence interval has associated z value. As confidence interval increases so do the z value associated with it.
The confidence interval can be calculated using following formula:
Where
is the mean value, z is the associated z value, s is the standard deviation and n is the number of samples.
We know that standard deviation is simply a square root of variance:
The confidence interval of 95% has associated z value of <span>1.960.
</span>Now we can calculate the confidence interval for our income:
Answer:
32. 24.
Step-by-step explanation:
hope this helps
There are 3 in. of snow on the ground when it begins to snow 0.5 in./h.
Initial depth of snow = 3 in.
it begins to snow 0.5 in./h. The constant rate of snow is 0.5. So slope = 0.5
Let x be the number of hours
y be the total depth of the snow
To frame linear equation we use y=mx+b
where m is the slope and b is the y intercept (initial depth of snow)
We know m=0.5 and b=3
Replace it in the equation
y = 0.5x + 3
The linear equation that represents the total depth of the snow(y), in inches, after x hours
is y= 0.5x + 3
Answer:
The answer is 2
Step-by-step explanation:
