1. After you retire in 17 years your goal is to have $100,000 in your investment account that earns 8% compounded annually. How much money would you need to deposit now to reach this goal

Answers

Answer 1

9514 1404 393

Answer:

 $27,026.90

Step-by-step explanation:

The future value formula can be solved to find the present value required.

  FV = P(1 +r)^t . . . future value of P compounded at annual rate r for t years

  $100,000 = P(1 +0.08)^17

  P = $100,000/3.70002 . . . . divide by the coefficient of P

  P = $27,026.90

You would need to deposit #27,026.90 now to reach this goal.


Related Questions

Suppose that it is reported in the news that 12% of the people living and working in Kokomo feel that their commute is too long. What is the travel time to work that separates the top 12% of people with the longest travel times and the lower 88%

Answers

Answer:

22.3 minutes

Step-by-step explanation:

The computation of the travel time is as follows:

Given that

[tex]\mu[/tex] = 17

And, the standard deviation is 4.5

P(X≤C) = 0.88

P( x - [tex]\mu[/tex]) ÷ [tex]\sigma[/tex] ≤  (C - [tex]\mu[/tex])  ÷ [tex]\sigma[/tex]  = 0.88

(C - [tex]\mu[/tex])  ÷ [tex]\sigma[/tex]  = 1.175

c = [tex]\mu[/tex] +  1.175 × [tex]\sigma[/tex]

= 17 + 1.175 × 4.5

= 22.3 minutes

Hence, the travel time is 22.3 minutes

Split 294x306, which identity is used to solve it?

Answers

Answer:

identity :- ( a + b ) ( a - b ) = a² - b ²

Answer :- 89,694

Step-by-step explanation:

Given : 294 × 306

split 294 × 306

294 × 306 = ( 300 - 6 ) × ( 300 + 6 )

Using Identity, ( a + b ) ( a - b ) = a² - b ² :

= ( 300 )² - ( 6 )²

= 90000 - 36

= 89,964

Hence, 294 × 306 = 89,694

Write the word sentence as an inequality.
3.2 less than a number t is at most 7.5

Answers

Answer:

[tex]t - 3.2 \le 7.5\\[/tex]

Step-by-step explanation:

Given

Represent as inequality

Taking the statement one at a time

3.2 less than t means: t - 3.2at most, 7.5 means less than or equal to 7.5

So, the inequality is:

[tex]t - 3.2 \le 7.5\\[/tex]

x2 + 5x + 9.
Find the equation of the axis of symmetry for the parabola y =

Answers

Answer:

x = -5/2

Step-by-step explanation:

From the quadratic equation

the axis of symmetry for quadratics of the form

y = ax² + bx + c is

x = -b/2a

x² + 5x + 9

x = -5/2

Help me out please???

Answers

9514 1404 393

Answer:

  x = 5

Step-by-step explanation:

DE being a midsegment means that D is a midpoint. Then BD = DA, or x = 5.

The average car depreciates at a rate of 14% per year.

Mr. Wixted wants to buy a new sports car for $30,048.

At this rate of depreciation, what will the car be worth in 5 years?

Round your answer to the nearest hundredth.

Answers

That will be 1000 because :explanation

Mark is hosting a "Who Dunnit?" party at his house. He plans on taping off a triangular section of his backyard to represent the crime scene. If the sides measure 23 feet, 15 feet, and 32 feet, how much tape will be needed? DO NOT ANSWER JUST TO STEAL MY POINTS!! AND NO CHICKEN NUGGETS!!!!

Answers

Answer:

70 feet

Step-by-step explanation:

as perimeter of triangle =

23+15+32= 70 feet

Answer:

Solution given:

side 1=23ft.

side 2=15ft

side 3=32ft

we have

perimeter=sum of all sides

=23+15+32=70ft

70ft tape will be needed.

A company that manufactures vehicle trailers estimates that the monthly profit for selling its midsize trailer is represented by function p, where t is the number of trailers sold. p(t)= -25t^3+625t^2-2500t Use the key features of function p to complete these statements. The company makes a profit when it sells _____trailers. The maximum profit of approximately $____ occurs when it sells approximately____ trailers.

Answers

Answer:

The answer is below

Step-by-step explanation:

The profit equation is given by:

p(t)= -25t³+625t²-2500t

The maximum profit is the maximum profit that can be gotten from selling t trailers. The maximum profit is at point p'(t) = 0. Hence:

p'(t) = -75t² + 1250t - 2500

-75t² + 1250t - 2500 = 0

t = 2.3 and t = 14.3

Therefore t = 3 trailers and t = 15 trailers

p(15) = -25(15³) + 625(15²) - 2500(15) = 18750

Therefore the company makes a maximum profit of approximately $18750 when it sells approximately 15 trailers.

Answer:

See below

Step-by-step explanation:

Since t is number of trailers, the domain includes only those values greater than 0.

On the relevant domain, the graph crosses the x-axis at the points (5,0) and (20,0). Between these points, the value of p(t) is positive. So the company makes a profit when it sells between 5 and 20 trailers.

On the positive interval between these points, the graph reaches a relative maximum when t roughly equals 14 and p(t) roughly equals $19,000.

So the maximum profit of approximately $19,000 occurs when it sells approximately 14 trailers.

A fair six-sided die is rolled 54 times. Theoretically, how many times should a roll of "5" occur?
-14
-9
There is no way to tell
-5

Answers

Answer:

9 times

Step-by-step explanation:

P("5") = 1/6

n("5") = 1/6 × 54 = 9

Answer:

9

Step-by-step explanation:

(the number of different possible outcomes) 1/6 * 54 = 9

Hope that this helps!

Three different design configurations are being considered for a particular component. There are two possible failure modes for the component. An engineer obtained the following data on the number of failures in each mode for each of the three configurations. Is there evidence to conclude that the configuration has an effect on the type of failure?

Failure Mode
1 2 3 4
Configuration 1 20 44 17 9
2 4 17 7 12
3 10 31 14 5

Answers

Answer:

No evidence .because the configurations factors and failure mode are independent

Step-by-step explanation:

Determine if there is sufficient evidence to conclude that configuration affects the type of failure

Number of configurations = 3

Number of failures = 4

assuming Pij represents proportion of items in pop i of the category j

H0 : Pij = Pi * Pj,  I = 1,2,-- I,  j = 1,2,---J

Hence the expected frequencies will be

16.10 , 43.58 , 18, 12.31

7.5,  19.37, 8 , 5.47

10.73, 29.05, 12, 8.21

x^2 = 13.25

test statistic = 14.44. Hence the significance level where Null hypothesis will be acceptable will be = 2.5%

Gravel is being dumped from a conveyor belt at a rate of 40 ft3/min, and its coarseness is such that it forms a pile in the shape of a cone whose base diameter and height are always equal. How fast is the height of the pile increasing when the pile is 11 ft high? (Round your answer to two decimal places.)

Answers

Answer:

0.42ft/mn

Step-by-step explanation:

we have the following information to answer this question

dv/dt = 40 feet

height = 11 ft

volume = 1/3πr²h

= 1/3π(h/2)²h

= 1/3πh³/4

= πh³/12

dv/dt = π3h²/12

= πh²/4

dh/dt = 4/πh²dv/dt

= 4(40)÷22/7(11)²

= 160/380.29

= 0.42 ft/min

The height of the pile is therefore increasing by 0.42ft/min at a height of 11 feets

Bianca recently bought a rope that is 25 yards long. Find the length in feet

Answers

Answer:

25 yards is equal to 75 ft

Answer:

75 feet

Step-by-step explanation:

1 yard=3ft

so 25 times 3 equals 75 feet :)

the figure has angle mediates as shown
what is the measure of

Answers

Answer:

of what............? you did not finish the question ⁉️

The side view is a bookend is shown. The perimeter of the bookend is 58 centimeters

Answers

Answer:

Step-by-step explanation:

The equation to represent the perimeter of given figure is 5m-14+2m-7+3/2 m+2+3m+8=58 and value of m is 6.

Given that, the perimeter of the bookend is 58 centimeters.

What is the perimeter?

The perimeter of a shape is defined as the total distance around the shape. It is the length of the outline or boundary of any two-dimensional geometric shape. The perimeter of different figures can be equal in measure depending upon the dimensions.

Now, the perimeter is

5m-14+2m-7+3/2 m+2+3m+8=58

⇒ 10m+3/2 m-11=58

⇒ (20m+3m)/2=69

⇒ 23m=138

⇒ m=138/23

⇒ m=6

Therefore, the equation to represent the perimeter of given figure is 5m-14+2m-7+3/2 m+2+3m+8=58 and value of m is 6.

To learn more about the perimeter visit:

https://brainly.com/question/6465134.

#SPJ2

If ∠1 = 3x, ∠2 = 5x + 18, and s ⊥ r, find m∠1.

Answers

I hope it will help you.

Answer:

x = 9

Step-by-step explanation:

angle <1 and angle <2 is complementary and their sum is 90 degrees

3x + 5x + 18 = 90 add like terms

8x + 18 = 90 subtract 18 from both sides

8x = 72 divide both sides by 8

x = 9 to find the measure of angle <1 replace x with the value we found

Find the median of the following data 9,15,17,18,6,20,8,5,18,18,10,5,14,12,10,7

Answers

Answer:

11

Step-by-step explanation:

first, sort the numbers from lowest to highest.

5,5,6,7,8,9,10,*10,12*,14,15,17,18,18,18,20

the median is the number in the middle of the data

average if you need to (10+12 and divide by 2)

For "downhill" lines, if the rise is negative, the run must be
?

Answers

9514 1404 393

Answer:

  positive

Step-by-step explanation:

When considering the slope of a line, we usually choose "rise" and "run" so that "run" is positive, and "rise" measures the vertical change as one moves from left to right.

If we assume that "downhill" lines refers to lines that go from upper left to lower right (downhill to the right), then the rise is negative while the run is positive.

__

Additional comment

Here, we assume a line is considered to be "downhill" if it has negative slope. In the real world, "downhill" is the direction the ball rolls under the influence of gravity. That direction might be behind you, or to your left, instead of in front of you or to the right.

Definitions are important in math. "Downhill" is not a term that is widely used to describe lines, so we have to guess the intended meaning here.

it is positive see above answer for reference

can someone help me please?! I'll give brainlest for correct answer​

Answers

1.)

A) BME

B) MER

C) Mm

D) xBy

E) Straight

F) REB

G) MEB and BER

H) xBy

In the school chorus,
5/25 of the students are fourth-graders.
In simplest form, what fraction of the students in the school chorus are fourth graders?

Answers

Answer:

1/5 of the students are 4th graders

15
2 pts
Find the area of the given shape,
a) 18
b) 15
c) 24
d) 21

Answers

9514 1404 393

Answer:

  A.  18

Step-by-step explanation:

The area of a trapezoid is given by the formula ...

  A = 1/2(b1 +b2)h

Here, the parallel bases have lengths 3 and 9. The height is 3, so the area is ...

  A = 1/2(3 +9)(3) = 18

The area of the trapezoid is 18 square units.

2) There are 12 sweets in a bag.
4 are lemon flavour.
4 are caramel flavour.
4 are orange flavour.
Jude takes at random 3 sweets at the same time.
Work out the probability that exactly 2 of the sweets are the same flavour.

Answers

Answer:

0.654

Step-by-step explanation:

There are 12 sweets in a bag.

4 are lemon flavour.

4 are caramel flavour.

4 are orange flavour.

Jude takes at random 3 sweets at the same time.

Work out the probability that exactly 2 of the sweets are the same flavour.

Probability = Required outcome / Total possible outcomes

Required outcome = either exactly 2 of lemon or 2 of caramel or 2 of Orange

Required outcome = 3[4C2 * 8C1) = 3(6*8) = 144

Total possible outcomes = 12C3 = 220

P(exactly 2 are same flavor) = 144 / 220 = 0.654

Help pls I need help

Answers

Answer:

From the origin , move 3 units to the right and 2 units up. B

critical observations thinking is the best deomstrated by which of the following action​

Answers

Answer: spotting trends in data

Step-by-step explanation:

Please help i need it

Answers

Is that the only thing it shows

Find the area
10
7
12
4
5
5

Answers

Answer:

[tex]{ \tt{area = (7 \times 10) + (12 \times 4) + (5 \times 5)}} \\ { \tt{ = 70 + 48 + 25}} \\ { \tt{ = 143 \: {in}^{2} }}[/tex]

Answer: break into 2 rect and 1 sqr the sum areas of each

Step-by-step explanation: square = 5x5

Rectangle 1 = 10x7

Rectangle 2 = 12x4

Sum each shape area = total area

Suppose we want to choose 5 objects,without replacement from 16 distinct objects

Answers

Answer:

4368 ways

Step-by-step explanation:

We want to choose 5 objects,without replacement from 16 distinct objects.

We can use combination in this case. The formula for the combination is given by :

[tex]_{n}C_r=\dfrac{n!}{r!(n-r)!}[/tex]

We have, n = 16 and r = 5

So,

[tex]_{16}C_5=\dfrac{16!}{5!(16-5)!}\\\\_{16}C_5=\dfrac{16!}{5!11!}\\\\=4368[/tex]

So, there are 4368 ways in which we want to choose  5 objects,without replacement from 16 distinct objects.

Which of the following expressions could be used to represent "three less than half a number"?
• 1/2 - 3n
• 3 - 1/2n
• 3n - 1/2
• 1/2n - 3

Answers

Answer:

the answer is

[tex]3 - \frac{1}{2}n [/tex]

What is the coefficient of x4 in the expansion of (3x + 1)??
O 315
O 945
O 105
35
O 2,835

Answers

It would be O 945 that is the answer

This is the graph of y= x2 + 4x + 7 what is the range of this function?​

Answers

Answer:

C

Step-by-step explanation:

Answer:c

Step-by-step explanation:the answers we’ll change we careful

At the grocery store, Diego has narrowed down his selections to 4 vegetables, 8 fruits, 6 cheeses, and 4 whole grain breads. He wants to use the Express Lane, so he can only buy 15 items. In how many ways can he choose which 15 items to buy if he wants all 6 cheeses

Answers

Answer:

Diego can choose the 15 items in 128 different ways.

Step-by-step explanation:

Since at the grocery store, Diego has narrowed down his selections to 4 vegetables, 8 fruits, 6 cheeses, and 4 whole grain breads, and he wants to use the Express Lane, so he can only buy 15 items, to determine how many ways can he choose which 15 items to buy if he wants all 6 cheeses the following calculation must be performed:

4 x 4 x 8 = X

16 x 8 = X

128 = X

Therefore, Diego can choose the 15 items in 128 different ways.

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