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
muminat
2 years ago
8

A 68-year old retiree has a pension savings of $43,000, a 401k of $75,000, and an IRA account of $62,000. Before 2008, he had 2%

more cash in the pension, 12% more in the IRA, and −1% in the 401k. He wants to take out 2% from each account before he turns 72, which will cost him a penalty of an extra 3% from the current total amount in his pension, 4% from the 401k, and 6% from the IRA. What is the highest amount that will be taken from a single account, including the penalty, if the retiree takes the money out now from each?
Mathematics
2 answers:
Natalija [7]2 years ago
6 0

Answer:

The answer is the IRA

Step-by-step explanation:

If he takes out 2% from each account,  the highest penalty will be for the IRA account which is, 6% of 62,000 is $3,720. He will also take 2% of that 62,000 which will be $1,240. The total will be $4,960.

For the 401k account the withdrawal is $1,500 and the penalty is $3,000. That is $460 less than the IRA account.

I hope this answer helps.

Harlamova29_29 [7]2 years ago
3 0

Answer:

54280

Step-by-step explanation:

2+6=8

.08 * 59000=4720

59000-4720=54280

You might be interested in
A function is defined as {(0, 1), (2, 3), (5, 8), (7, 2)}. Isaac is asked to create one more ordered pair for the function. Whic
Digiron [165]

Answer:

The correct answer is 2 . (1 , 3)

Step-by-step explanation:

A function is used to denote a particular relationship between variables. They can even be visualized as an input-output machine.

Every function has a domain set and a co-domain set. A function maps elements from domain to the elements of co-domain.

Here the domain can be considered as  { 0 , 2 , 5 , 7}.

Here the co- domain can be considered as { 1 , 3, 8 , 2}.

For a function to be a valid function, all elements from the domain should have an image in the co- domain and every element of domain should have exactly one image in the co-domain.

Here the options 1 , 3 and 4 violate the second necessary criteria for the function to be valid.

Hence (1 , 3) is the correct answer.

8 0
3 years ago
Please answer this !!!!
likoan [24]
The answer is B.
Slope is 3; point (2,7)
7=3(2)+B
7=6+B
1=B
M=3
y=3x+1 slope intercept form
3x -y = -1 standard form
8 0
3 years ago
Read 2 more answers
ASAP PLS!!<br><br> -GIVING OUT BRAINLIEST
Korvikt [17]

Answer:

The answer is (C)

Step-by-step explanation:

8 0
2 years ago
The shortest warmer was blue. The two longest warmers were pink.
bogdanovich [222]

Answer:

8

Step-by-step explanation:

The shortest leg warmer:

4.5

The longest leg warmers:

6 and 6.5

6 + 6.5 = 12.5

12.5 - 4.5 = 8

4 0
2 years ago
Lie is solving the quadratic equation by completing the square.
wel

we have

3x^{2} + 18x - 8 = 0

Step 1

Move the constants to the right side

3x^{2} + 18x = 8

Step 2

Factor 3 out of the variable terms

3(x^{2} + 6x) = 8

Step 3

Add 27 to both sides of the equation

3(x^{2} + 6x+9) = 8+27

3(x^{2} + 6x+9) = 35

Step 4

Write the polynomial as a binomial squared

3(x+3)^{2} = 35

therefore

the answer is

Factor 3 out of the variable terms.

8 0
3 years ago
Read 2 more answers
Other questions:
  • If , f(x)= 3/(x+2) minus the square root of x-3, complete the following statement: f(19) = _____ (need help as soon as possible
    12·2 answers
  • What is the value of time, t, for the given values of distance, d, and rate, r? d = 315 mi, r = 45 mi/h A. 7 h B. 7 mi C. 14,175
    10·2 answers
  • Is 100 a reasonable estimate 915.25 divided by 88.22
    9·1 answer
  • The sum of two numbers is 34. The smaller number is 20 less than the larger number. What are the numbers?
    7·1 answer
  • What is 8 divided by 2/3
    14·2 answers
  • Please answer this question now in two minutes
    12·2 answers
  • If |2x-11 &lt;0, then the value of x is<br>(A) 0<br>(B) -1/2<br>(C) 1<br>(D) 1/2​
    12·1 answer
  • F(x)=5^x+1 what’s the rate of change between x=0 and x=4
    12·1 answer
  • The necklace charm below consists of two triangles with the same dimensions. Which equation represents the area of the necklace
    11·1 answer
  • Harry went on a vacation traveling a total of 350 miles in 7 hours. What was his average speed throughout the trip?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!