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Lynna [10]
2 years ago
8

You want to have $200,000 when you retire in 25 years. If you can earn 3% interest rate compounded continuously, how much would

you need to deposit now into the account to reach your retirement goal?
Mathematics
1 answer:
mash [69]2 years ago
5 0

9514 1404 393

Answer:

  $94,473.31

Step-by-step explanation:

The multiplier in 25 years is ...

  e^(rt) = e^(0.03·25) = e^0.75 ≈ 2.117

To have an account value of $200,000 in 25 years, you need to deposit now ...

  $200,000/2.117 = $94,473.31

_____

When this amount is multiplied by 2.117, the result is 200,000.

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Whats the mean of 72+72+72+79+82+82+88?
creativ13 [48]

Answer:

78.1428571429

Step-by-step explanation:

6 0
2 years ago
11 hours 18 min 36 sec to hours
zlopas [31]
I'm not really sure about this math but I tried to answer it for you

1)Convert 11 hours to minutes = 660 minutes. 11 hours x 60 mins=660
2)Add the 18 minutes to 660 =678 minutes
3) 678 divided by 60 mins = 11.3 hours, but we still have the 36 seconds remaining so I didn't exactly divide 678 minutes by 60, but I divided 678.36 by 60 which gave me 11.306 hours.

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7 0
3 years ago
Lupita bought 7 pounds of pretzels at a local wholesaler for $16.80. Her friend Charles bought 5 pounds of pretzels at the super
Galina-37 [17]

Answer:

Charly has the better buy

Step-by-step explanation:

The unit cost is

=16.8/7

=$2.4

Her friend Charles bought 5 pounds of pretzels at the supermarket for $12.75

Unit cost

=12.75/5

=$2.55

Charly got the best deal because the unit cost per item is less than that of the friend

3 0
3 years ago
Chase has been playing a game where he can create towns and help his empire expand. Each town he has allows him to create 1.13 t
riadik2000 [5.3K]

Well the way I see it is he started with 4 villager so I would see the equation to be

 1.13x times 17+4 would equal the amount of villagers he could have which would be 23.21 as for the equation it would be 1.13x times 17 plus four equals the number of villagers total

7 0
3 years ago
EASY BRAINLIEST PLEASE HELP!!
DedPeter [7]

Answer:

C. AB = 5.8 cm

Step-by-step explanation:

In trapezoid ABCD, EF is the Midsegment.

.:. EF = {(AB+CD)

.:: 9.2 = {(AB + 12.6)

:: 9.2 x 2 = AB + 12.6

.. 18.4 = AB + 12.6

.. 18.4-12.6 = AB

:: AB = 5.8 cm

6 0
2 years ago
Read 2 more answers
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