The amount of money that John would have in his account when he is ready to retire is $6,351,400.21.
<h3>How much would be in the retirement account?</h3>
The formula that can be used to determine the future value of the annuity is
Future value = Daily deposit x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = 3.5 / 365 = 0.0096%
- n = (65 - 48) x 365 = 6205
Annuity factor = [(1.000096^6205) - 1] / 0.000096 = $8468.53
Future value = 750 x $8468.53 = $6,351,400.21
To learn more about annuities, please check: brainly.com/question/24108530
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Answer:
70/100.
Step-by-step explanation:
When adding fractions, you need to find a common denominator.
This just means that the numbers at the bottom of both fractions you are adding must be the same.
So for 19/100 + 1/10, you need to match the two denominators (bottom numbers).
To do this, you need to multiply 10 by 10 to get 100.
What you do to the bottom, you must always do to the top as well.
So multiply 7 by 10 and get 70.
70/100 will replace 7/10.
Now you can add fractions because the bottom numbers are the same.
Answer:
If written in Standard form this equation would be:
Now i graphed this equation in Desmos and here is what i got:
Hope this helps!
