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
Sonja [21]
3 years ago
6

Joe and Susan are both 40 years old and hope to have enough money saved to retire by the time they're 65. They deposit $6,000 ea

ch
year into an account that pays 4% interest compounded annually. Use this information to complete the table.
Formula to Use
Account Balance in 20 years
Total Interest Earned
present value of an annuity
future value of a lump sum
future value of an annuity
$99,875
$112,253
$149,875
$249,875
$286,363
Mathematics
1 answer:
xenn [34]3 years ago
4 0

Answer:

Formula: Future value of annuity

In 20 years: $249,875

Total Interest: $99,875

Step-by-step explanation:

Use the formula for future value:

FV =

P = $6,000

r = 0.04

n = 1

t = 25

FV =

FV = $249,875

To find the total interest earned, first find the total value of the deposit payments:

$6,000 annual payments for 25 years = 6,000 • 25

= $150,000

(I copied that explanation from somewhere else so its a little messed up. I just couldn't explain it properly. Hope this helps!)

You might be interested in
PLEASE HELP
Maurinko [17]
I believe this is the right way to write the function

N = [log A − log P] / log(1.0175)

N =[ log (1210.26) - log (1000)]/log (1.0175)

N =log [1210.26/1000] / log (1.0175) = log (1.21026)/log(1.0175) = 0.08288/0.00753 = 11

N = 11 months



4 0
3 years ago
A data set is made up of these values three, three, four, six, six, seven, 10.
Gnoma [55]

Answer:

D

Step-by-step explanation:

4 0
3 years ago
Kate and Jean paint a house together in 6 days. If they work alone, Kate takes 5 fewer days than Jean would take to do the same
navik [9.2K]
X = number of days it would take Kate to paint the house by herself. .
<span>x+5 = number of days it would take Jean to paint the house by herself.</span>
<span>Together, they paint the house in 6 days: </span>
<span>1/x + 1/(x+5) = 1/6 </span>
<span>Multiply both sides by 6x(x+5) </span>
<span>6(x+5) + 6x = x(x+5) </span>
<span>12x + 30 = x^2 + 5x </span>
<span>x^2 − 7x − 30 = 0 
</span>therefore the answer is A.

4 0
3 years ago
Read 2 more answers
In the picture below, which segment is parallel to AD
Roman55 [17]

Answer:

BC

Step-by-step explanation:

because they never intersect each other

7 0
3 years ago
A magazine article conducted a survey of 525 people in New York City and found that 30% of the population believe that the Yanke
WINSTONCH [101]

Answer:

In this case, the 30% represents the proportion of the sample. It is a statistic that can be used to estimate a parameter of the population.

Step-by-step explanation:

In this case, the 30% represents the proportion of this specific sample (survey taken by the magazine).

It is a statistic that can be used to estimate a parameter of the population. In this case, it may be used to estimate the true proportion of "people in New York who believe that the Yankees will miss the playoffs this year".

If a new sample is taken, a new statistic will be calculated that may or may not be equal to 30%.

3 0
3 years ago
Other questions:
  • PLEASE HELP!!
    8·1 answer
  • What are the solutions of the equation x^2=9
    8·1 answer
  • Which represents a quadratic function?
    11·2 answers
  • 2(x-2)^2+3 and 3(x+1)^2+5 rewrite in standard form
    13·1 answer
  • G(x) = 3x - 3<br> n(x) = 2x - 3<br> Find (g. h)(x)
    7·1 answer
  • You are building a new house on a cartesian plane whose units are measured in miles. your house is to be located at the point (6
    11·1 answer
  • What is the surface area of a rectangle if the length is 4 1/5 the width is 9 1/2 and the height is 3 4/5?
    12·1 answer
  • What is the length of the hypotenuse of a right triangle with sides 9yards and 12 yards respectively?
    5·1 answer
  • A hotel had a number of meeting rooms, m, available for events. Each meeting room has 325 chairs.
    11·2 answers
  • It can be helpful to classify a differential equation, so that we can predict the techniques that might help us to find a functi
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!