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spin [16.1K]
2 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]2 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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lora16 [44]

Answer:

28.12

Step-by-step explanation:

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3 years ago
Quiz 3
erica [24]

Complete question :

The data below represents the number of customers at each Slurpee Sam's Spaghetti Shop. 24, 25, 29, 30, 31, 31, 32, 34, 34. Which box plot correctly summarizes the data?

Answer:

B

Step-by-step explanation:

BOX plots provide information about :

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Given the dataset :

24, 25, 29, 30, 31, 31, 32, 34, 34

Minimum value = 24 (Lowest value in the dataset)

First quartile (Q1) = 1/4(n+1)th term

Q1 = 1/4 * 10 = 10/4 = 2.5th term = (25+29)/2 = 27

Second quartile ; median (Q2) = 1/2(n+1)th term

Q2 = 1/2(n+1)th term = 1/2(10) = 5th = 31

Third quartile (Q3) = 3/4(n+1)th term

Q3 = 3/4(n+1)th term = 3/4(10) = 30/4 = 7.5th term = (7th +8th) term = (32 + 34) / 2 = 66/2 = 33

Maximum value = 34 (Highest value in the dataset)

First dot = minimum value

Last dot = maximum value

First line of box = QI

mid line = median

End line of box = Q3

4 0
2 years ago
What is the sum?<br> 8+(-12)<br> О-20<br> 0-4<br> 020
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Answer: -4

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7 0
3 years ago
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I don’t know but your in higher math than me so can you help me on my questions please. Sorry I know that seems kinda selfish but I need help. I know how you feel. No one will help me.
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