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
Find the product of (x + 3)(x - 3)
Roman55 [17]

Answer:

(x+3)(x-3) is x²-9

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Solve for u: 2(u + 6) - 8 > 3(u - 5)
Wittaler [7]
I’m pretty sure the answer is u<19
7 0
3 years ago
Read 2 more answers
The sum of 5 consecutive even numbers is 100. What is the first number in this sequence?
gayaneshka [121]

Answer:

16

Step-by-step explanation:

Let's represent this with an equation, where x is the first number. The next number must be x+2, because it has to be even, not x+1, and the rest continue the same way:

x+(x+2)+(x+4)+(x+6)+(x+8) = 100

Solve for x.

5x+20 = 100

5x = 80

<u>x = 16</u>

4 0
3 years ago
Justify each step in solving the equation -3(2x-3)=25-8x by writing a reason for each statement.
Mice21 [21]

Answer: x= 8.


Step-by-step explanation: Given equation -3(2x-3)=25-8x.

Step 1: We have -3 in front of (2x-3). We always simplify a parenthesis first.

Therefore, applying Distributive property in first step, we get

-6x +9 = 25-8x.

Step 2:  We need to get rid 9 from left side to get constant numbers on right side.

9 is being added on left side.

So, we would apply reverse operation of addition.

Therefore, applying Subtraction property of equality, we get

-6x +9-9 = 25-8x-9

-6x =16 -8x.

Step 3: We need to get rid 8x from right side.

The reverse operation of subtraction is addition.

Therefore, applying Addition property of equality, we get

-6x+8x =16 -8x+8x

2x = 16.

Step 4: We need to isolate it for x.

So, applying Division property of equality, we get

\frac{2x}{2}=\frac{16}{2}

<h3>x= 8.</h3>
4 0
3 years ago
Simplify -9(2x-7)+10
Dimas [21]

Answer:

-18x+73

Step-by-step explanation:

-9 times 2x is -18x

-9 times -7 is 63

63+10=73

so, -18x+73 is your answer

6 0
3 years ago
Read 2 more answers
Other questions:
  • How mucho Does it cost to buy 12 meals if each 3 <br> Meals cost $7.25$ explain please
    6·2 answers
  • ariel picked some peaches a peach has a mass of about 150 g if the peaches she picked had a total mass of 600 g how many peaches
    13·1 answer
  • Find the area of each.<br><br> 5in and 2.4
    12·1 answer
  • What is the slope of the line that passes through the points (4, 10) and (1, 10)?
    9·2 answers
  • 10 whole and 2 over 6 minus 7 whole and 3 over 6
    8·2 answers
  • E bisects DF, DE = 2y, and EF = 8y - 3. Find DE, EF, and DF. I feel like its easy but for some reason im lost on it, geometry ne
    13·1 answer
  • Which transformation will result in a figure with the same size and shape and in the same location as PQRSTU?
    10·1 answer
  • For each inequality , find two values for x that make the inequality true and two values that make it false .
    9·2 answers
  • 11x=22 mathematical sentence
    9·2 answers
  • 16x+3-14x+15<br> Simplify
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!