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spin [16.1K]
3 years ago
10

If interest rates stay at 4% APR and I continue to make my monthly $25 deposits into my retirement plan, I should have at least

$20,000 saved when I retire in 20 years
Mathematics
1 answer:
hodyreva [135]3 years ago
6 0

Answer:   Rank me brainlist if this helps:)

False

$25,706.48

Step-by-step explanation:

The annual percentage rate (APR) is 4%, so the monthly rate is 4%/12 = ⅓%.

25 years = 300 months.

The monthly deposit (annuity) is $50.

The future value of the annuities is:

F = A [(1 + i)ⁿ − 1] / i

Given i = 1/300, A = 50, and n = 300:

F = 50 [(1 + 1/300)³⁰⁰ − 1] / (1/300)

F = 25,706.48

The statement is false.  The amount after 25 years is less than $30,000.

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The height of a lighthouse in Pensacola, Florida, is 150 feet. Standing next to the statue, Natalie casts a 1.1-foot shadow. She
iogann1982 [59]

30 feet

Step-by-step explanation:

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           1.1 : 5.5

  • The two are related by a factor of 1/5
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       1/5 * 150

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5 0
3 years ago
PLEASE HELP!
Igoryamba
Hello! $200 is the fixed amount. B doesn't have 200 as part of the problem, so B is eliminated. A is also out, because you add, not subtract. 100 is the amount of boots made, not the amount made per pair of boots. 100 would be the value of "x". The cost per day is $9,200, and 9,200 - 200 is 9,000. With 100 pairs of boots being made each day, 9,000/100 is 90. It would cost $90 per pair of boots made, with the variable "x" being beside it. The correct equation would be C(x) = 90x + 200. The answer is D.
7 0
3 years ago
Choose the numbers that are irrational.<br><br><br><br><br> 3.624<br> 0.6<br><br> 0.87<br> -5
natima [27]
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7 0
3 years ago
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What is the prime factirization of 24?
mr Goodwill [35]

My way of prime factorizing is to divide the number you are trying to find by the smallest prime factor. Take your result and divide again by the smallest prime factor of that result. Keep repeating this process until you get a prime number that can't be divided any further. The numbers you divided by and your final prime number are your prime factors. Remember that 1 is not a prime number!

It may help to see this using a factor tree (see image).

2 is the smallest prime number that divides 24, so break 24 down into 2 x 12. Now break down 12. Once again, 2 is the smallest prime number that divides 12. Break 12 down into 2 x 6. Now break down 6. Again, 2 is the smallest prime that divides 6, so break 6 down into 2 x 3. Since 3 is also prime, you've completely prime factorized 24. Your prime factors are circled in blue in the picture. Remember your final factors must all be prime - that's why it's called prime factorization! 

5 0
3 years ago
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What is a point slope equation of the line with slope -12 that goes through the point (5,3)
lana66690 [7]

Answer:

Your answer is D.

Step-by-step explanation:

Hope this helps!

7 0
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