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IrinaK [193]
3 years ago
13

IM SO DESPERATE HELP NOW I CANNOT FAIL

Mathematics
1 answer:
Oduvanchick [21]3 years ago
6 0

Answer:

Answer

Step-by-step explanation:

Cuz why not

(sorry, the pictures don't open)

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Mario and his dad decide to start saving for retirement at the same time. Mario is 20 years old and his dad is 40 years old. Bot
const2013 [10]

Answer:

<u>Mario:</u>

we must first calculate the present value of Mario's distributions when he retires:

present value = monthly distribution x annuity factor

  • monthly distribution =  4,000
  • PV annuity factor, 300 periods, 0.333% = 189.53178

present value = 4,000 x 189.53178 = $758,127.12

he will make 45 years of contributions to his IRA, which totals 540 monthly contributions

we are not told if the interest rate is effective or not, and how often is interest compounded, so I will just divide it by 12 to calculate the monthly interest rate (same as before) = 0.583333%

the future value of Mario's contributions = monthly contribution x annuity factor

future value = $758,127.12

FV annuity factor, 540 periods, 0.583333% = 3,792.58975

monthly contribution = $758,127.12 / 3,792.58975 = <u>$199.90</u>

<u>Mario's dad:</u>

present value of the annuity when he is 65 = $758,127.12 (same as Mario's)

the future value of his contributions = monthly contribution x annuity factor

future value = $758,127.12

FV annuity factor, 300 periods, 0.583333% = 810.07118

monthly contribution = $758,127.12 / 810.07118 = <u>$935.88</u>

5 0
4 years ago
Jason earned a total of $15900 from two part-time jobs. If he earned 3700 more from one job than the other , how much did he ear
KiRa [710]
Let's call job one x.

Job two can be y.

Jason earned $3,700 more from job y than x. Therefore y = x + 3700

From the two jobs, Jason earned $15,900. This can be written as x + y = 15900.

Now substitute y for x + 3700:

x + x + 3700 = 15900

2x + 3700 = 15900

Subtract 3700 from both sides:

2x = 12200

Divide both sides by 2:

x = 6100

Take the original equation x + y = 15900 and substitute x with 6100:

6100 + y = 15900

y = 9800

Job one (x) paid Jason $6,100.

Job two (y) paid Jason $9,800.
6 0
3 years ago
Ill give the crown things
kow [346]

Answer:

28$

Step-by-step explanation:

You subtract 2 from 8 which is 6, you then multiply 6 times 3.50. Then add 7, which you get 28$

4 0
3 years ago
Read 2 more answers
A contractor records all of the bedroom areas, in square feet, of a five-bedroom house as: 100, 100, 120, 120, 180 what is the v
Zina [86]

Variance = 864

Standard Deviation= 29.4

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3 years ago
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Which of the following graphs correctly represents: (pictures)
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The correct answer is:  [A]:
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