At 22 years of age, Nicolas and Troy have started their first full-time jobs, and Troy decides to place $10,000 in a savings plan for retirement, which pays 9% compounded every 3 months.

As usual, Nicolas thinks Troy is crazy because he wants to enjoy his money now, and then start saving when he turns 45 years of age.

Assume that both Troy and Nicolas plan to retire at age 60. If Nicolas wants to retire with the same amount of savings as Troy, how much will Nicolas need to contribute monthly to his savings account, which earns him 10% compounded monthly?

Answers

Answer 1

Answer:

The correct answer 8486.

Step-by-step explanation:

Given:

Troy - P pr principle amount = 10000

rate = 9%

time = 60-22 = 38

intrest at every three months so time = t = 38*4 = 132

Nicohlas

P = x

rate = 10%

time = 60 -45 = 15

every month compounded = 15*12=180

solution:

the formula of compound intrest = P (1 + r/n)^(nt)

where n = number of counded intrests per year

puting formula for troy=

10000 (1+9/4)^132

= 294,322.96 .....1

now for nicolas

I = x(1+10/12)^180

x = 294,322.96/(1+10/12)^180

= 8486.


Related Questions

A photo printer is on sale for $195.50. The regular price is $230. What is the percent of the discount on the photo
printer?

Answers

195.5/230x100 gives u an answer of 84.8695652% which rounded can be 85% on so the discount is 25% off
The answer is 425.5 the regular price

Si un proyectil asciende verticalmente, y después de 3 segundos alcanza su altura máxima, calcule la velocidad que lleva a la mitad de su trayectoria descendente

Answers

Answer:

The speed is 20.8  m/s

Step-by-step explanation:

If a projectile ascends vertically, and after 3 seconds it reaches its maximum height, calculate the velocity that it carries to the middle of its downward trajectory

Let the maximum height is h and initial velocity is u.

From first equation of motion

v = u + at

0 = u - g x 3

u = 3 g.....(1)

Use third equation of motion

[tex]v^2 = u^2 - 2 gh \\\\0 = 9 g^2 - 2 gh \\\\h = 4.5 g[/tex]

Let the speed at half the height is v'.

[tex]v^2 = u^2 + 2 gh \\\\v'^2 = 0 + 2 g\times 2.25 g\\\\v'^2 = 4.5\times 9.8\times9.8\\\\v' = 20.8 m/s[/tex]

I’m stuck on this one help anyone?

Answers

Answer:

just add a small amount to the 2.8 and square the result

Step-by-step explanation:

x x^2

2.8 7.84

2.81 7.8961

2.82 7.9524

2.83 8.0089

2.84 8.0656

2.85 8.1225

2.86 8.1796

2.87 8.2369

George has opened a new store and he is monitoring its success closely. He has found that this store’s revenue each month can be modeled by r(x)=x2+6x+10 where x represents the number of months since the store opens the doors and r(x) is measured in hundreds of dollars. He has also found that his expenses each month can be modeled by c(x)=x2−4x+5 where x represents the number of months the store has been open and c(x) is measured in hundreds of dollars. What does (r−c)(4) mean about George's new store?

Answers

Answer:

(r - c)(4), is the profit made in George's new store after 4 months which is $4,500

Step-by-step explanation:

The given parameters for George's store are;

The amount of revenue George makes each month, r(x) = x² + 6·x + 10

The expenses each month, c(x) = x² - 4·x + 5

Where;

x = The number of months the store has opened the doors

r(x) and c(x) are measured in hundreds of dollars

The amount of profit from the store, P = Revenue - Expenses

Therefore, the profit made on a given month, x, is P(x), which is found as follows;

P(x) = r(x) - c(x) = (r - c)(x)

Therefore, (r - c)(4) = P(4), is the profit realized from George's new store, after 4 months

(r - c)(4) = 4² + 6·4 + 10 - (4² - 4·4 + 5) = 45

Answer:

The new store will have a profit of $4500 after its fourth month in business.

Step-by-step explanation:

I took the quiz


Choose the correct description of the graph of the inequality X - 3 greater than or equal to 25

A. Open circle on 8, shading to the left
B. Closed circle on 8, shading to the left.
C. Open circle on 8, shading to the right.
D. Closed circle on 8, shading to the right.

I’m pretty sure it’s D

Answers

Answer:

D. Closed circle on 8, shading to the right.

WILL GIVE BRAINLIEST, HELP QUICK!!

Answers

The answer is A

It is A because it is 4 units squares away so it has to be A.

Hope this helps :))))

Answer:

the answer is 5 units

Step-by-step explanation:

You can look at the location of B and C and see that the line goes from 2 to -2 which is 5 units apart. -2, -1, 0, 1, 2

Let j=+5 - 5+ |-5 x 1/5
What is the value of+J?

Answers

Answer:

j=|x|

Step-by-step explanation:

Jessica ate 7 /10 of her orange before lunch and 1/10 of her orange after lunch. How much of her orange did she eat?

Answers

Answer:

8/10

Step-by-step explanation:

Determining if a Relationship Is a Function
Which represents a function?

Answers

Answer:

only the first one...

a "FUNCTION" has a UNIQUE relation between each input and output...

notice the middle one the -2 goes to BOTH th2 10 & -7 that makes it NOT a FUNCTION

Step-by-step explanation:

Given: -1/2 x > 6.

Choose the solution set.

A. {x | x R, x > -12}
B. {x | x R, x > -3}
C. {x | x R, x < -3}
D. {x | x R, x < -12}

Answers

SoLuTiOn彡

Given: -1/2 x > 6

Solving It:-

-1/2 x > 6

x > -6×2

x > -12

So The Correct Solution Set Will Be

A. {x | x R, x > -12}

Hope This Helps You

Find the area to the left of z = 0.25.
A. 0.6012 B. 0.5987 C. 0.4013 D.0.3988

Answers

Answer:

.5987

Step-by-step explanation:

Use a ztable and find .25 (pic below)

15 points f (x) = 1/x+5 -1. Find the inverse of (x) and its domain.

Answers

Answer:

D

Step-by-step explanation:

[tex]f(x)=\frac{1}{x+5} -1\\let~f(x)=y\\y=\frac{1}{x+5} -1\\flip~x~and~y\\x=\frac{1}{y+5} -1\\x+1=\frac{1}{y+5} \\y+5=\frac{1}{x+1} \\y=\frac{1}{x+1} -5\\f^{-1}(x)=\frac{1}{x+1} -5\\x+1\neq 0\\x\neq -1[/tex]

Seventy of Myra’s classmates are traveling by bus to a football game in another town. They hired 2 buses, but there were only 64 seats. The remaining 6 students had to travel in a separate van.
The equation 2b + 6 = 70 represents the given scenario. What does b represent?

Answers

Answer:

seats in each bus

Step-by-step explanation:

total no.of seats = 64

so, the no.of seats in each bus = 64/2 =32

therefore ,  b denotes the no.of seats in each bus

PLEASE MARK ME AS BRAINLIEST .

Please help me Find PA.

Answers

PO is 5 by using Pythagorean theorems and it forming a 3,4,5 triangle so PA is PO + OA so it is 8

I will give brainliest if correct!!! Please show work so I know how to do it. :)
12. Let logb(3) = 0.5646, logb(4) = 0.7124, and logb(5) = 0.8271. Using these values, evaluate logb(5/3).
A. 0.1518
B. 1.4649
C. 1.2138
D. 0.2625
E. 0.5341
F. 2.6252

Answers

Answer:

.2625

Step-by-step explanation:

logb(3) = 0.5646, logb(4) = 0.7124, and logb(5) = 0.8271

logb(5/3)

We know that logx ( y/z) = logx (y) - logz (z)

logb ( 5) - logb(3)

0.8271 - 0.5646

.2625

Answer:

F. 2.6252

Step-by-step explanation:

0.8271 - 0.5646

Find the discernment and the numbers of the number of real roots for this equation.
x^2+3x+8=0

Answers

Answer:  2 distinct complex solutions (ie non real solutions).

Work Shown:

The given equation is in the form ax^2+bx+c = 0, so

a = 1, b = 3, c = 8

Plug those into the formula below to find the discriminant

D = b^2 - 4ac

D = 3^2 - 4(1)(8)

D = -23

The discriminant is negative, so we get two nonreal solutions. The two solutions are complex numbers in the form a+bi, where a & b are real numbers and [tex]i = \sqrt{-1}[/tex]. The two solutions are different from one another.

Answer:

Discriminant: -23

Number of real roots: 0

Step-by-step explanation:

For a quadratic in standard form [tex]ax^2+bx+c[/tex], the discriminant is given by [tex]b^2-4ac[/tex].

In [tex]x^2+3x+8[/tex], assign:

[tex]a\implies 1[/tex] [tex]b\implies 3[/tex] [tex]c\implies 8[/tex]  

The discriminant is therefore:

[tex]3^2-4(1)(8)=9-32=\boxed{-23}[/tex]

For any quadratic:

If the discriminant is greater than 0, the quadratic has two real rootsIf the discriminant is equal to 0, the quadratic has one real rootIf the discriminant is less than 0, the quadratic as no real roots

Since the quadratic in the question has a discriminant less than 0, there are no real solutions to this quadratic.

Select the correct answer.
Function h is a transformation of the parent exponential function, f(x) = 2^x.
.h(x)=-3.2^x
-
Which statement is true?

Answers

F(x)=2^x is the answer

Solve EFD. Round the answers to the nearest hundredth.
A. m F ≈ 26, m D ≈ 64.01, FD = 7,921
B. m F ≈ 26, m D ≈ 64.01, FD = 89
C. m F ≈ 64.01, m D ≈ 26, FD = 89
D. m F ≈ 64.01, m D ≈ 26, FD = 7,921

Answers

Answer:

Option B

<F = 26°

<D = 64.01°

FD = 89

Answered by GAUTHMATH

For right triangle EFD,  m ∠F ≈ 26°, m ∠D ≈ 64.01° and FD = 89

The correct answer is an option (B)

What is hypotenuse?

It is the longest side of the right triangle.

What is Pythagoras theorem?

For a right triangle,

[tex]a^{2}+ b^{2} = c^{2}[/tex], where c is hypotenuse and a, b area other two sides of the right triangle

For given example,

We have been given a right triangle EFD with hypotenuse FD.

Also, EF = 80, ED = 39

Using the Pythagoras theorem,

[tex]\Rightarrow FD^{2}= EF^{2} + ED^{2}\\\\ \Rightarrow FD^{2}= 80^{2} + 39^{2}\\\\ \Rightarrow FD^2 = 6400 + 1521\\\\ \Rightarrow FD^2 = 7921\\\\\Rightarrow FD = 89[/tex]

Consider, sin(F)

[tex]\Rightarrow sin(F)=\frac{ED}{FD} \\\\\Rightarrow sin(F)=\frac{39}{89}\\\\ \Rightarrow sin(F)=0.4382\\\\\Rightarrow \angle F=sin^{-1}(0.4382)\\\\\Rightarrow \angle F=25.98^{\circ}\\\\\Rightarrow \angle F\approx 26^{\circ}[/tex]

Now, consider sin(D)

[tex]\Rightarrow sin(D)=\frac{FE}{FD}\\\\ \Rightarrow sin(D)=\frac{80}{89}\\\\ \Rightarrow \angle D = sin^{-1}(0.8988)\\\\\Rightarrow \angle D = 64.009^{\circ}\\\\\Rightarrow \angle D \approx 64.01^{\circ}[/tex]

Therefore, for right triangle EFD,  m ∠F ≈ 26°, m ∠D ≈ 64.01° and FD = 89

The correct answer is an option (B)

Learn more about Pythagoras theorem here:

https://brainly.com/question/343682

#SPJ2

What is the common difference of the arithmetic sequence-20,-16,-12,-18

Answers

Answer:

common difference = 4

Step-by-step explanation:

common difference is the difference between the successive term and its preceding term.

let's take the successive term of -20 that is - 16

common difference (d) = successive term - preceeding term

= -16 -(-20)

= -16 + 20

= 4

if we take the successive term of -16 that is -12

we'll get the same common difference.

d = -12 -(-16)

d = -12 + 16

d = 4

this means that the common difference for an AP remains constant.

Help Please Now!!!
Find the volume Of The Rectangle Prism

Answers

Answer:

180m cubed

Step-by-step explanation:

Multiply the length, width, and height together: 6×6×5=180

Answer:

Formula of a rectangular prism:

L x W x H

Now we place in the numbers and solve:

5 x 6 x 6 = 180 m3

An amusement park charges and admission fee of 30 dollars for each person. Let C be the cost (in dollars) of admission for P people. Write an equation relating C to P.

Answers

Answer:

14

Step-by-step explanation: B is the midpoint of AC, in other words it is the halfway point.

So A to B should be equal to B to C

Our expression is:

2x + 9 = 37

Subtract 9

2x = 28

Divide by 2

x = 14

Which graph shows the solution set of

Answers

Answer is B I did it on one of my quiz

plsssssssssss helppppppppp i want it right now pls​

Answers

Answer:

hope this helps you

have a great day

9 is subtracted from 5 times 3 and 10 is added

Answers

Answer:

-16

Step-by-step explanation:

9 - 5 x 3 + 10
9 - 15 + 10
9 - 25
-16
9-5 times 3= -6 +10=4

Please hurry I will mark you brainliest
What is the equation in standard form for the line with slope 3 and y-intercept -4?

Answers

Answer: -3x+y=-4

Step-by-step explanation:

Standard form is Ax+By=C. In y=Mx+b form, it would be y=3x-4. To put it into standard form you subtract 3x from both sides. So then you have -3x+y=-4.

See the photo for details and answer.

Hope this helps! Please make me the brainliest, it’s not necessary but appreciated, I put a lot of effort and research into my answers. Have a good day, stay safe and stay healthy.

In a company of 35 employees, four-sevenths work in sales. How many of the employees work in sales ?

Answers

Answer:

20

Step-by-step explanation:

Multiply 4/7 with 35, this will get you 140/7, which simplifies to 20 employees

help me out (geometry)

Answers

Answer:

Step-by-step explanation:

d and b meet at a 90 degree angle ( as shown by the box)

The lines are perpendicular (⊥)

help please like PLEASE ASAP

Answers

Answer:

1/5^5

Step-by-step explanation:

Flip the equation into a fraction.

:>

I think the answer is 1/5^5

How much money invested at 3% compounded monthly for 3 years will yield $520?
$179.42
$475.30
$358.84
$148.78

Answers

Answer:

Step-by-step explanation:

Use this formula:

[tex]A(t)=P(1+\frac{r}{n})^{nt}[/tex] where A(t) is the amount after the compounding is done, P is the initial investment (our unknown), r is the interest rate in decimal form, n is the number of compoundings per year, and t is the time in years. Filling in:

[tex]520=P(1+\frac{.03}{12})^{(12)(3)}[/tex] and simplifying that a bit:

[tex]520=P(1+.0025)^{36[/tex] and a bit more:

[tex]520=P(1.0025)^{36[/tex] and even  bit more:

520 = P(1.094551401) and divide to get

P = $475.30

The ratio of grapes in a fruit salad to people it will serve is 13/3. How many people will be served if Deb is using 30 grapes?

Answers

Answer:

6 + 12/13, or 90/13 people will be served

Step-by-step explanation:

Ratios stay the same, no matter the quantity.

Given this, we can say that (13 grapes / 3 people) = (30 grapes / x amount of people)

13/3 = 30 / x

multiply both sides by 3 to remove a denominator

13 = 30 * 3 /x

multiply both sides by x to remove the other denonimator

13 * x = 30 * 3

13 * x = 90

divide both sides by 13 to isolate the x

x = 90/13 = 6 + 12/13 ≈6.92 people

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