Peter is married and has two children. He wants to be sure that he has sufficient life insurance to take care of his family if he dies. Peter’s wife is a homemaker but attends college part-time pursuing a law degree. It will cost approximately $40,000 for her to finish her education. Since the children are teenagers, Peter feels he will only need to provide the family with income for the next 10 years. He further calculates that the household expenses run approximately $35,000 per year. The balance on the home mortgage is $30,000. Peter set up a college fund for his children when they were babies, and it currently contains sufficient funds for them to attend college. Assuming that Peter’s wife can invest the insurance proceeds at 8%, calculate the amount of insurance Peter needs to purchase.

Answers

Answer 1

Answer:

$304,853

Step-by-step explanation:

Given:

I - 8

N - 10

PMT - 35,000

FV - 0

solution :

We use the Budget method to estimate the amount of insurance needed

PV of annual expenses

=PV(8%,10,-33100) considering Rate=8%, N=10

 PV - ? = $337,501.61

Amount of Insurance to Purchase = $234,853 + $40,000 + $30,000 = $304,853


Related Questions

What is 3 times 10^9

Answers

Answer:

3 times 10 ^ 9

Step-by-step explanation:

3 × 10 ^ 9 = 3000000000

In a scatter plot, each ____. Group of answer choices individual is represented by a single point group mean is represented by a single point individual is represented by two data points group mean is represented by two data points

Answers

Answer:

Individual is represented by a single point

Step-by-step explanation:

If £15=$20 and $5=390 find the number of pounds that can be exchanged

200​

Answers

Mark as braianlist

15 multiple by 5 equal 75 -390 equal 315 -15equal 200

what vulnerable does the 4 represents in the number 487.009

Answers

Answer:

400 :D

Step-by-step explanation:

Instructions: Find the missing length indicated.

Answers

Answer:

x = 65

Step-by-step explanation:

x = √(25×(25+144))

x = √(25×169)

x = 5×13

x = 65

Answered by GAUTHMATH

Full-time Ph.D. students receive an average of $12,837 per year. If the average salaries are normally distributed with a standard deviation of $1500, find these probabilities. a. The student makes more than $15,000. b. The student makes between $13,000 and $14,000.

Answers

Answer:

a) 0.0749 = 7.49% probability that the student makes more than $15,000.

b) 0.227 = 22.7% probability that the student makes between $13,000 and $14,000.

Step-by-step explanation:

Normal Probability Distribution

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Full-time Ph.D. students receive an average of $12,837 per year.

This means that [tex]\mu = 12837[/tex]

Standard deviation of $1500

This means that [tex]\sigma = 1500[/tex]

a. The student makes more than $15,000.

This is 1 subtracted by the p-value of Z when X = 15000.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{15000 - 12837}{1500}[/tex]

[tex]Z = 1.44[/tex]

[tex]Z = 1.44[/tex] has a p-value of 0.9251.

1 - 0.9251 = 0.0749

0.0749 = 7.49% probability that the student makes more than $15,000.

b. The student makes between $13,000 and $14,000.

This is the p-value of Z when X = 14000 subtracted by the p-value of Z when X = 13000.

X = 14000

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{14000 - 12837}{1500}[/tex]

[tex]Z = 0.775[/tex]

[tex]Z = 0.775[/tex] has a p-value of 0.7708.

X = 13000

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{13000 - 12837}{1500}[/tex]

[tex]Z = 0.11[/tex]

[tex]Z = 0.11[/tex] has a p-value of 0.5438.

0.7708 - 0.5438 = 0.227

0.227 = 22.7% probability that the student makes between $13,000 and $14,000.

7.49% of the student makes more than $15,000, while 23.85% of the student makes between $13,000 and $14,000

What is z score?

Z score is used to determine by how many standard deviations the raw score is above or below the mean. It is given by:

z = (raw score - mean) / standard deviation

Given that:

Mean = $12837, standard deviation = $1500

a) For >15000:

z = (15000 - 12837)/1500 = 1.44

P(z > 1.44) = 1 - P(z < 1.44) = 1 - 0.9251 = 0.0749

b) For >13000:

z = (13000 - 12837)/1500 = 0.11

For <14000:

z = (14000 - 12837)/1500 = 0.78

P(0.11 < z < 0.78) = P(z < 0.78) - P(z < 0.11) = 0.7823 - 0.5438 = 0.2385

7.49% of the student makes more than $15,000, while 23.85% of the student makes between $13,000 and $14,000

Find out more on z score at: https://brainly.com/question/25638875

Find the area bounded by the curves x = 2y2 and x = 1 - y. Your work must include an integral in one variable.

Please help!!

Answers

Answer:

Hello,

in order to simplify, i have taken the inverses functions

Step-by-step explanation:

[tex]\int\limits^\frac{1}{2} _{-1} {(-2x^2-x+1)} \, dx \\\\=[\frac{-2x^3}{3} -\frac{x^2}{2} +x]^\frac{1}{2} _{-1}\\\\\\=\dfrac{-2-3+12}{24} -\dfrac{-5}{6} \\\\\boxed{=\dfrac{9}{8} =1.25}\\[/tex]

A math class has a total of 31 students. The number of females is seven less than the number of meals. How many miles and how many females are in the class?

Answers

Answer:

Male-19&Female-13

Step-by-step explanation:

See the image for solution

Hope it helps

Have a great day

If 10 wholes are divided into pieces that are one half of a whole each how many pieces are there?

Answers

9514 1404 393

Answer:

  20

Step-by-step explanation:

A whole can be divided into two pieces that are each 1/2 of the whole.

 (10 wholes) × (2 pieces per whole) = 20 pieces

find the values ​​of x and y for the following matrix equations​

Answers

Answer:

Step-by-step explanation:

What is the five-number summary for this data set? 22, 29, 33, 38, 44, 47, 51, 56, 64, 69 Assume the numbers in each answer choice are listed in this order: min, Q1, median, Q3, max.
A. 22, 33, 45.5, 56, 69
B. 22, 38, 45.5, 51, 69
C. 22, 38, 41, 51, 69
D. 22, 33, 41, 56, 69​

Answers

Answer: A: 22, 33, 45.5, 56, 59

Step-by-step explanation:

The minimum is the lowest number in the data, in this case, it was 22.

Q1 is the median of the lower quartile range, anything below the median of the overall data.

Median, the middle number in the overall data. You first need to put them from lowest to highest (numerical order). After that, I find it a lot easier to cross one from each side until I'm either left with one or two. If I'm left with one, then that is my median for the overall data set. If I'm left with two, then I simply need to add both the numbers together and divide it by 2. Typically if it is a whole number, and the numbers are 1 number value away from each other, it is usually just 0.5 more of the lower value of the two. (For example, the two numbers I come down to is 10 and 11. The median would be 10.5).

Q3 is the exact same principle as Q1 just on the upper quartile range. Just repeat what you did in Q1 but for the numbers above the overall median of the data set.

Maximum is the highest number in the data set, in this case, it was 69.

Hope this helps!

How many permutations of letter of the word APPLE are there?​

Answers

Answer:

There are 60 permutations.

Step-by-step explanation:

Arrangements formula:

The number of possible arrangements of n elements is given by:

[tex]A_n = n![/tex]

With repetition:

For each element that repeats, with [tex]n_1, n_2, ..., n_n[/tex] times, the formula is:

[tex]A_n^{n_1,n_2,...,n_n} = \frac{n!}{n_1!n_2!...n_n}[/tex]

In this question:

Apple has 5 letters.

P appears two times. So

[tex]A _5^{2} = \frac{5!}{2!} = 60[/tex]

There are 60 permutations.

Solve for x . 7 - (2 x + 11) + 3(3 - x ) = 20
A.7/5
B.-3
C.-4

Answers

Answer:

the answer to the question is a:-3

Factorise: 25x^2 - 1/49

Answers

Answer:

[tex] (5x + \frac{1}{7} )(5x - \frac{1}{7} )[/tex]

Step-by-step explanation:

Given,

[tex] {25x}^{2} - \frac{1}{49} [/tex]

[tex] = {(5x)}^{2} - {( \frac{1}{7}) }^{2} [/tex]

Since,

[tex] {x}^{2} - {y}^{2} = (x + y)(x - y)[/tex]

Then,

[tex] = (5x + \frac{1}{7} )(5x - \frac{1}{7} )(ans)[/tex]

Ahmed bought a TV for his room in 2016 for AED 1,500. he decided to sell it in 2020 for AED 900. what is the rate of depreciation when he bought the TV and when he sold it

Answers

Answer:

40% depreciation over the 4 years

10% depreciation per year

Step-by-step explanation:

The number of years between buying and selling is:

2020 - 2016 = 4

4 years

The amount of depreciation in the 4 years is:

AED 1,500 - AED 900 = AED 600

The percent depreciation for the 4 years is:

(1500 - 900)/1500 * 100% = 40%

The percent depreciation per year is:

40%/4 = 10%

Country Financial, a financial services company, uses surveys of adults age 18 and older to determine whether personal financial fitness is changing over time. A recent sample of 1000 adults showed 410 indicating that their financial security was more than fair. Just a year prior, a sample of 900 adults showed 315 indicating that their financial security was more than fair. Conduct the hypothesis test and compute the p-value. Round your answer to four decimal places. What is the 95% confidence interval estimate of the difference between the two population proportions? Round your answers to four decimal places.

Answers

Answer:

hey, how you're day going

Step-by-step explanation:

.................

Simplify your answer as much as possible.

Answers

Answer:

x = -4

Step-by-step explanation:

2 = 3x + 22/5

Numerator = denominator x quotient

Numerator = 5 x 2

Numerator = 10

3x + 22 = 10

Subtract 22 from both sides

3x = -12

x = -12/3

x = -4
•••••••••••••••••••••••••••
Hope this helps!

Bye love you.

- doomdabomb

The length AB of a rectangle ABCD is 8cm and its diagonal BD and measures 10 cm Find its breadth BC

Answers

Hope this helps have a nice day
The answer is 6 and here’s the work also can I get brainliest please

helppp outt plss....​

Answers

Answers:  x = 30 and y = 150

============================================================

Explanation:

For any cyclic quadrilateral (aka inscribed quadrilateral), the opposite angles are always supplementary.

One pair of such angles is A and C

A+C = 180

x+y = 180 is one equation to form

The other pair of supplementary angles is B and D

B+D = 180

y-45+2x+15 = 180

2x+y-30 = 180

2x+y = 180+30

2x+y = 210 is the other equation to form

--------------

So the system of equations we have is

[tex]\begin{cases}x+y = 180\\2x+y = 210\end{cases}[/tex]

Both equations involve 'y', with the same coefficient, so we can subtract straight down to eliminate this variable.

The x terms subtract to x-2x = -xThe y terms subtract to y-y = 0y = 0, so the y terms go awayThe right hand sides subtract to 180-210 = -30

We end up with -x = -30 which solves to x = 30

--------------

Once we know x, we can determine y by plugging it into any equation involving x,y and solving for y

Let's say we picked on the first equation

x+y = 180

30+y = 180

y = 180-30

y = 150

Or we could pick on the second equation

2x+y = 210

2(30) + y = 210

60+y = 210

y = 210-60

y = 150

Only one equation is needed. However, doing both like this shows that we get the same y value, and it helps confirm the answers.

What type of line is PQ?
A. side bisector
B. angle bisector
C. median
D. altitude

Answers

Answer:

B: I think

Step-by-step explanation:

correct me if im wrong

The line PQ is an angle bisector because it divides the angle P into two equal half option (B) angle bisector is correct.

What is an angle?

When two lines or rays converge at the same point, the measurement between them is called a "Angle."

We have a triangle shown in the picture.

As we know,  

in terms of geometry, the triangle is a three-sided polygon with three edges and three vertices. The triangle's interior angles add up to 180°.

From the figure the segment PQ divides the angle into two equal half.

From the definition of the angle bisector, the angle bisector can be defined as a line segment that divides the angle into two half.

Angle P = 40 + 40 = 80 degrees

Thus, the line PQ is an angle bisector because it divides the angle P into two equal half option (B) angle bisector is correct.

Learn more about the angle here:

brainly.com/question/7116550

#SPJ5

The critical value of F for an upper tail test at a 0.05 significance level when there is a sample size of 21 for the sample with the smaller variance and there is a sample size of 9 for the sample with the larger sample variance is _____. a. 2.94 b. 2.45 c. 2.10 d. 2.37

Answers

Answer:

2.45

Step-by-step explanation:

Given that :

α = 0.05

Larger sample variance= numerator, sample size = 9

Smaller sample variance = denominator, sample size = 21

Hence,

DFnumerator = n - 1 = 9 - 1 = 8

DFdenominator = n - 1 = 21 - 1 = 20

Critical value for upper tail test using the F distribution table at α = 0.05 ; DFnumerator on horizontal ; Df denominator as vertical ;

F critical = 2.447

F critical = 2.45

Solve each system by graphing.

Answers

Answer:

it is 2 te he

Step-by-step explanation:

ONCE THE 5 6 = 7 10 .. ?% =1 x 7 =2 te he

Damaris will be working at the local pool over his ten-week summer break. His net pay will be $167.30 each week. He hopes to have enough money to purchase a new pair of shoes that cost $175 by the end of his break. What percent of his net pay does Damaris need to save each week to reach his goal? Round to the nearest hundredth. (2 points)
1.05%
10.46%
11.37%

Answers

Damaris needs to save 10.46% of his net pay each week to purchase the new pair of shoes by the end of his break.

Given:

Net pay per week is $167.30Cost of new pair of shoes is $175Summer break is for 10 weeks

To find: The percentage of his net pay that Damaris needs to save each week to purchase the shoes by the end of his break

Let us assume that Damaris needs to save x% of his net pay each week to buy the shoes by the end of his break.

Then, savings per week is x% of $167.30, that is,

[tex]\frac{x}{100}\times 167.30[/tex]

Then, his savings for 10 weeks is,

[tex]10 \times \frac{x}{100}\times 167.30[/tex]

Since the summer break is for 10 weeks, Damaris' savings for the entire summer break is,

[tex]10 \times \frac{x}{100}\times 167.30[/tex]

Damaris wants to buy the new pair of shoes by then end of the break. Then, his savings for the entire summer break should equal the cost of the new pair of shoes.

It is given that the cost of the new pair of shoes is $175.

Then, according to the problem,

[tex]10 \times \frac{x}{100}\times 167.30 =175[/tex]

[tex]x=\frac{175\times 100}{10\times167.30}[/tex]

[tex]x=10.460251[/tex]

Rounding to the nearest hundredth, we have,

[tex]x=10.46[/tex]

Thus, Damaris needs to save [tex]10.46[/tex]% of his net pay each week to buy the shoes by the end of his break.

Learn more about percentage here:

https://brainly.com/question/22400644

(WILL GIVE YOU 30 POINTS!!!)

The graph shows the functions f(x), p(x), and g(x):

Graph of function g of x is y is equal to 3 multiplied by 1.2 to the power of x. The straight line f of x joins ordered pairs minus 3, minus 3 and 4, 4 and is extended on both sides. The straight line p of x joins the ordered pairs minus 6, 1 and minus 3, minus 3 and is extended on both sides.

Part A: What is the solution to the pair of equations represented by p(x) and f(x)? (3 points)

Part B: Write any two solutions for f(x). (3 points)

Part C: What is the solution to the equation p(x) = g(x)? Justify your answer. (4 points)

Answers

Answer:

(a) No solution

(b)

[tex](x_1,y_1) =(-3,-3)\\(x_2,y_2) =(4,4)[/tex]

(c)  [tex](-6,1)[/tex]

Step-by-step explanation:

Given

See attachment for graph

Solving (a): Solution to p(x) and f(x)

Curve p(x) and line f(x) do not intersect.

So, there is no solution to the pair of p(x) and f(x)

Solving (b): Two solutions to f(x)

This means that we select any two point on straight line f(x)

From the line of f(x), we have:

[tex](x_1,y_1) =(-3,-3)\\(x_2,y_2) =(4,4)[/tex]

Solving (c): Solution to p(x) = g(x)

Here, we write out the point of intersection of p(x) and g(x)

From the graph, the point of intersection is: [tex](-6,1)[/tex]

7. 20x + 10 = 110
a. X= 1
b. X= 5
c. x= 12

Answers

Answer:

b x=5

Step-by-step explanation:

20x+10=110

20x+10-10=110-10

20x/20=100/20

x=5

Answer:

x=5

Step-by-step explanation:

20x + 10 = 110

Subtract 10 from each side

20x +10-10 = 110-10

20x = 100

divide by 20

20x/20 =100/20

x= 5

If car eyelashes sold for $13.99. If you bud double that, how much would you have paid for them? (Hint if needed: if they had been exactly $14, how different would your answer be?)

Answers

Answer:

13.99 x 2 = 27.98 dollars

now if they were 14 dollars exactly and you doubled that it would be 28 dollars so the difference would be 0.02 cents

Step-by-step explanation:

Convert 2 1/3 into improper fraction: *
7/3
O 7/6
O 6/3
O 3/6

Answers

Answer:

7/3 is the answer

Step-by-step explanation:

(4x - 3) × (x + 2)=0

Answers

Hi,

AxB = 0 means A=0. or B=0

so 2 solutions :

4x-3= 0

4x=3

x = 3/4

and x+2 = 0.

x= -2

solutions are : -2 +and 3/4

2 answers

1) -2

2) -3/4

The lengths of two sides of the right triangle ABC shown in the illustration given

a= 7cm and b= 24cm

Answers

Answer:

25 cm.

Step-by-step explaination:

Given,

Two sides of a triangle:

a = 7cm

b = 24 cm

To find,

Third side:

c = ?

By Pythagorean Theorem;

a² + b² = c²

[where c is the longest side,hypotenuse]

Putting the value of a and b;

we get,

7² + 24² = c²

49 + 576 = c²

625 = c²

25² = c² (square root)

25 = c

c = 25

Therefore, the length of the third side will be equal to 25 cm.

Question:-

The lengths of two sides of the right triangle ABC shown in the illustration given

a= 7cm and b= 24cm

Given,

> a= 7cm

> b= 24cm

To find?

Side c (third side)

Solution:-

Using Pythagoras theorem,

▶️ a² + b² = c

▶️ 7cm ² + 24cm² = c²

▶️ 49cm + 576cm = c²

▶️ 625cm = c²

▶️ 25² = c² (25×25 = 625)

▶️ c = 25

The value of c is 25 cm.

the quotient of (x^4 - 3x^2 + 4x - 3) and a polynomial is (x^2 + x - 3) what is the polynormial

Answers

Answer:

Hello,

polynomial is x²-x+1

Step-by-step explanation:

if a=b*c+r then a=c*b+r

Using a long division, see the picture.

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