Suppose you want to have $400,000 for retirement in 35 years. Your account earns 9% interest. a) How much would you need to depo
1 answer:
9514 1404 393
Answer:
a) $135.97
b) $342,892.60
Step-by-step explanation:
a) The attached spreadsheet shows the use of the "payment" function for determining the amount of a payment that will give the desired future value. It shows the deposit needs to be $135.97 per month.
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b) The interest earned is the difference between 420 payments and the account balance. The interest amount is $342,892.60.
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Answer:
True
Step-by-step explanation:
The least total cost method is the method in which the total cost of the ordering cost and the total carrying cost is equal among various lot size available.
The order quantity should be choose when the total ordering cost and the total carrying cost equal to each other
The formula to compute the economic order quantity is shown below:
a. The computation of the economic order quantity is shown below:
It is always be expressed in units
The formula to compute the ordering cost is
And, the formula to compute the carrying cost is
Hence, the given statement is true
Answer:
The radius of the volleyball is 8.3 inches
Step-by-step explanation:
Given
Required
Determine the value of r
To do this, we simply substitute 288 for v and 3.14 for π in the given equation.
This gives
(Approximated)
Hence;
<em>The radius of the volleyball is 8.3 inches</em>