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: Intrest is 1575 the total is 4075
Step-by-step explanation: PLEASE GIVE BRAINLIEST IT HELPS ALOT
The y-intercept of the function is $60
The function can be represented by the equation y=1/10x+60
The range is {y| y <span>≥ 60}</span>
Answer:
lesser: x = -3
greater: x = 3
Step-by-step explanation:
So we first have to find the mean: 41+ 38+19+ 30 +21+ 53+34+34 + 37+ 29+ 50 + 43+ 57+ 28+ 50 = 534 534/15 = 35.60
86+ 15+ 75+ 40+ 51+ 60+ 27+ 45+ 112+ 7+65+ 31+ 18+ 27+ 69 = 728728/15 = 48.53
Therefore, the store with the better representation of there data would be the competitor's store. This is because more money is being spent at the competitor's store which has an average of $49.00 when the owners store has an average of $36.00.
Hope this helps.
