Answer:
The computation of the given question is shown below:-
Total Contributions = Monthly contribution + Amount invested in Ferdinand’s 401(k)
= $250 + $125
= $375
1. Future Value = PMT [((1 + r)n - 1) ÷ r
Future value = 375 × ((1 + 0.03 ÷ 12) × 12 × 40 - 1) ÷ (0.03 ÷ 12)
= $347,272
2. Ferdinand deposit = Given Amount × Total number of months in a year × Number of years
= $250 × 12 Months × 40 Years
= $120,000
3. The Amount put in by the employer = 50% of $250 ×Total number of months in a year × Number of years
= $125 × 12 Months × 40 Years
= $60,000
4. Interest = Future value - Ferdinand deposit - The Amount put in by the employer
= $347,272 - $120,000 - $60,000
= $167,272
Step-by-step explanation:
Answer:
good morning :)
the answer is 15
Step-by-step explanation:
because jayda found 5 and ruby found twice as her which means he found 10 and all they are asking you to do is add jayda's and ruby's sheashells togather
hope this helps <333
brainliest plz? :)
Y=3x has a positive slope, and Y=-3x has a negative slope.
Solving for h means we write the equation in such a way that h is isolated from other variables. It is done as follows:
(P = mgh) 1/mg
P/mg = mgh/mg
h = P/mg
Therefore, the correct answer from the choices listed above is option C, h = p/mg.
Hope this answers the question. Have a nice day.
