Boyce invested an average of $450 per month since age 34 in various securities for his retirement savings. His investments averaged a 4% annual rate of return until he retired at age 63. Given the same monthly investment and rate of return, how much more would Boyce have in his retirement savings had he started investing at age 20? Assume monthly compounding.


a $113,320. 00

b $321,946. 93

c $78,624. 00

d $224,749. 27

Answers

Answer 1

If Boyce had started investing when he was 20 the amount he would have more than he does in his retirement savings would be b. $321,946.93.

How much more would Boyce have?

First convert the interest to a monthly rate:

= 4% / 12 months

= 1 / 3 %

Period:

= (63 - 34) x 12 months a year

= 348 months

Amount saved:

= Amount x ( (1 + rate) ^ number of periods - 1) / rate

= 450 x ( (1 + 1/3%)³⁴⁸ - 1 ) / 1/3%

= $294,811.07

If he started saving at 20, the number of periods would be:

= (63 - 20) x 12

= 516 months

Amount saved:
= 450 x ( (1 + 1/3%)⁵¹⁶ - 1 ) / 1/3%

= $616,758

The difference is:

= 616,758 - 294,811.07

= $321,946.93

Find out more on future value savings at https://brainly.com/question/26662056.


Related Questions

A coconut falls from the top of a tree and reaches a velocity of 19.6 m/s when it hits the ground. it takes two seconds to reach the ground. what is the coconuts acceleration?

Answers

Using the velocity formula, it is found that the acceleration is of a = 9.8 m/s².

What is the velocity formula?

It is given by the initial velocity plus acceleration multiplied by time, that is:

v(t) = v0 + at.

In this problem, we have that v(0) = 0, t = 2, v(2) = 19.6, hence:

v(t) = v0 + at.

19.6 = 0 + 2a.

2a = 19.6.

a = 19.6/2.

a = 9.8 m/s².

The acceleration is of a = 9.8 m/s².

More can be learned about the velocity formula at https://brainly.com/question/26408808


Can you help me with this problem please

Answers

Answer:


7 units



Explanation :


Check out my work that I’ve attached



Let me know if you have any questions!


Have a nice rest of your day :)

conti. 7-10 thanks a lot!

unhelpful answers will be deleted.​

Answers

Answers:

10. b. [tex]\displaystyle 13[/tex]

9. b. [tex]\displaystyle 20[/tex]

8. a. [tex]\displaystyle 33[/tex]

7. a. [tex]\displaystyle 25°[/tex]

Step-by-step explanations:

10. Both segments are considered congruent, so turn both expressions into an equation:

[tex]\displaystyle 3x - 5 = x + 7 \hookrightarrow \frac{-12}{-2} = \frac{-2x}{-2} \\ \\ 6 = x[/tex]

Plug this back into the equation to get [tex]\displaystyle 13[/tex]on both sides.

9. All edges in a square obtain congruent right angles and edges, so set [tex]\displaystyle 45[/tex]equivalent to the given expression:

[tex]\displaystyle 45 = 2x + 5 \hookrightarrow \frac{40}{2} = \frac{2x}{2} \\ \\ \boxed{20 = x}[/tex]

8. Both angles are considered supplementary, so turn both expressions into an equation and set it to one hundred eighty degrees:

[tex]\displaystyle 180 = (4x - 15)° + (x + 30)° \hookrightarrow 180° = (15 + 5x)° \hookrightarrow \frac{165}{5} = \frac{5x}{5} \\ \\ \boxed{33 = x}[/tex]

7. In this rectangle, segment EO is a segment bisectour, making these angles Complementary Angles. Therefore, set an equation up to find its complement:

[tex]\displaystyle 90° = 65° + m\angle{VOE} \\ \\ \boxed{25° = m\angle{VOE}}[/tex]

I am joyous to assist you at any time.

A pound of apples costs $1.30. Sawyer bought 2 1/2 pounds of apples. How much did Sawyer pay?

A.$3.50

B.$3.25

C.$4.00

D.$2.25

Answers

2 1/2 pounds = 2.5 pounds

A pound of apples cost $1.30 -> 2.5 pounds of apples cost 1.3 x 2.5 = 3.25

-> Answer : B

Lucas spends $83.42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. if lucas been able to save this money for the year and then put it into a savings account earning 1.8% simple interest, how much money could he have in savings after 3 more years? a. $1,649.72 b. $1,055.10 c. $1,019.06 d. $1,001.04

Answers

The total amount Lusac have in his savings after 3 more years with 1.8% saving interest is $1055.10.

What is simple interest?

Simple interest is the amount charged on the principal amount with a fixed rate of interest for a time period. Simple interest calculated only on the principal amount.

The formula for the simple interest can be given as,

[tex]I=\dfrac{Prt}{100}[/tex]

Here, (I) is the interest amount earned on the principal amount of (P) with the rate of (r) in the time period of (t).

Lucas spends $83.42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. The amount save in a year (12 months) is,

[tex]P=83.42\times12\\P=1001.04[/tex]

The interest earned on this principal amount with earning 1.8% simple interest, after 3 years is,

[tex]I=\dfrac{1001.04\times1.83}{100}\\I=54.06[/tex]

The total total amount in his bank account after 3 years is,

[tex]A=P+I\\A=1001.04+54.06\\A=1055.10[/tex]

Hence, the total amount Lusac have in his savings after 3 more years with 1.8% saving interest is $1055.10.

Learn more about the simple interest here;

https://brainly.com/question/2294792

Answer:

b.

$1,055.10

Step-by-step explanation:

right on edg 22

I have a couple of questions I need help with.

This is a multiple answer question:
A) Is 120.2 + 20.03 < 120.003 + 20.20 correct?
B) Is 22 + 7.6 = 20 + 9.600 correct?
C) Is 100.002 + 8.503 > 98 + 10.5 correct?
D) Is 72.2 + 82.3 < 70.6 + 84.1 correct?

any help will be much appreciated

Answers

Answer:

b

Step-by-step explanation:

b is correct i think

2

Find the surface area of a square pyramid with side length 3 cm and slant height 4 cm

Answers

Answer:

Image result for Find the surface area of a square pyramid with side length 3 cm and slant height 4 cm

The surface area of a square pyramid is the sum of the areas of all its 4 triangular side faces with the base area of the square pyramid. If a, h, and l are the base length, the height of the pyramid, and slant height respectively, then the surface area of the square pyramid = a2+ 2al (or) a2+2a √a24+h2 a 2 4 + h 2 .

Step-by-step explanation:

What is the area of parallelogram rstu? 21 square units 24 square units 28 square units 32 square units

Answers

The area of the considered parallelogram RTSU is given by: Option A: 21 sq. units

How to find the area of a parallelogram?

Area of a parallelogram  = (its height × its base) sq. units.

What is the distance between two points ( p,q) and (x,y)?

The shortest distance(length of the straight line segment's length connecting both given points) between points ( p,q) and (x,y) is:

[tex]D = \sqrt{(x-p)^2 + (y-q)^2} \: \rm units[/tex]

For this case, the missing diagram is attached below.

If we take the base as ST then as ST is parallel to y axis, the line perpendicular to ST would be parallel to x axis. The heigth of a parallogram  is the perpendicular distance between its base and top.

The base is ST and top is RU, the line segment US is perpendicular to both RU and US and its length,therefore, will serve as height as its length=perpendicular distance between the base and the top of the parallelogram.

Thus, we get:

Area of RTSU = Length of ST × Length of US

The coordinates of endpoints of ST are (4,-1), (4,-4)

Thus, the length of ST = distance between S and T = [tex]\sqrt{(4-4)^2 + (-1 - (-4))^2 }= 3[/tex]

The coordinates of endpoints of US are (-3,-1), (4,-1)

Thus, the length of US = distance between U and S = [tex]\sqrt{(-3-4)^2 + (-1 - (-1))^2 }= 7[/tex]

Thus, Area of RTSU = Length of ST × Length of US = 3 × 7 = 21 sq. units.

Thus, the area of the considered parallelogram RTSU is given by: Option A: 21 sq. units

Learn more about distance between two points here:

brainly.com/question/16410393

Answer:

21 square units I think

Step-by-step explanation:

i’m confused … i need helo

Answers

there are no solutions since the lines are parallel
There will be no solution because the lines are not touching each other

find the inverse of function of a function g=((a,1),(b,2),(2,3),(d,4))​

Answers

Answer:

g inverse = (1,a),(2,b),(c,3),(4,d)

Step-by-step explanation:

I think the third part of the question should be (c,3) not (2,3)

if it's (2,3) then the inverse becomes (3,2)

Answer:

Inverse of function g = {(1,a),(2,b),(3,2),(4,d)}

Step-by-step explanation:

Hey there! :)

Please see an explanation below for better understanding to the answer - also let me know if you have any questions!

What is Inverse Function?

Inverse Function is a function that swaps domain and range.

What are domain and range?

Domain is the set of all x-values while Range is the set of all y-values, can be defined in coordinate point as (x,y).

Steps

If (x,y) is an original function then (y,x) will be an inverse function of original.

We are given the function g = {(a,1),(b,2),(2,3),(d,4)} - swap the domain and range.

Therefore, the inverse of function g is [tex]\displaystyle \large{g^{-1}}[/tex] = {(1,a),(2,b),(3,2),(4,d)}


Find the value of x
A. 8
B. 4
C. 19
D. 24

Answers

Hello There!!

Given figure is a parallelogram

To Find

Value of"x"

Solution

[tex]m \angle \: A = m \angle \: C[/tex]

[tex]2x + 35 = 5x - 22[/tex]

[tex] \implies 2x - 5x = - 22 - 35 \div \\ \implies - 3x = - 57 \\ \\ \implies x = \frac{ - 57}{ - 3} \\ \\ \implies x = \cancel\frac{ - 57}{ - 3} \\ \\ \implies x = 19[/tex]

[tex]\therefore \text{Option C= 19 is the correct answer}[/tex]

Hope this helps

how many seconds does it take the second hand of a clock to rotate through an angle of 72

Answers

each minute pass by, the second hand rotate 360 degrees while minute hand rotate 6 degrees= 1/60 angle rotation of second hand. Let assume that the starting time is 12:00 hour, zero minute and zero second exactly .

by this simple method you can figure out your answer that what actually it is.

GOOD LUCK !

ing a Reflection in the
oordinate Plane continued
angle XYZ is reflected across the y-axis to form
ure X'Y'Z'.



for classroom use.

Answers

Step-by-step explanation:

17) no problem were noticed, just:

reflecting across Y-axis changes the coordinate 'x', no changes for coordinate 'y';

reflecting across X-axis changes the coordinate y, no changes for coordinate 'x'.

For more info see the attached picture.

Look At the picture I am not sure how to calculate the area

Answers

Answer:

height = 5.33 m (nearest hundredth)

area of wall = 41.66 m² (nearest hundredth)

Step-by-step explanation:

To find the height of A above the ground, find the height of the triangle and add it to the height of the rectangle.

The dashes on the sides of the triangle mean they are equal in length. Therefore, this triangle is an isosceles.  If we draw a line down the center of the triangle to create 2 right triangles, their top angles will be 65° (half of 130°) and they will each have a base length of 5 m (see attached diagram).

To find the height, use the tan trig ratio:

[tex]\sf tan(\theta)=\dfrac{O}{A}[/tex]

where:

[tex]\theta[/tex] = angleO = side opposite the angleA = side adjacent to the angle

Given:

[tex]\theta[/tex] = 65°O = 5 mA = h

[tex]\sf \implies tan(65)=\dfrac{5}{h}[/tex]

[tex]\sf \implies h=\dfrac{5}{tan(65)}[/tex]

[tex]\sf \implies h=2.331538291...[/tex]

Therefore, the height of A above the ground:

⇒ height = 3 + 2.331538191 = 5.33 m (nearest hundredth)

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

To find the area of the wall, sum the area of the rectangle and the area of the triangle.

Area of rectangle = width x height

                              = 3 x 10

                              = 30 m²

Area of triangle = 1/2 x base x height

                          = 1/2 x 10 x 2.331538191

                          = 11.65769145 m²

Total area of wall = 30 + 11.65769145 = 41.66 m² (nearest hundredth)

2021 balls are arranged in a row and are numbered from 1 to 2021. Each ball is coloured in one of four
colours: green, red, yellow or blue. Among any five consecutive balls there is exactly one red, one yellow and one blue ball. After any red ball the next ball is yellow. The balls numbered 2, 20 and 202 are green. What colour is the ball numbered 2021?
(A) green
(B) red
(C) yellow
(D) blue
(E) not determined

Answers

Answer:

D) blue

Step-by-step explanation:

because the first ball has to be blue

the second ball is green

the third is red

and the fourth one is yellow

so u multiply 1(blue ball)× 2021=blue ball

What is the area of the figure triangle sides 3, 4, 8

Answers

Answer:

Area of a triangle = (base x height) / 2

if the base is 3 and height is 4

Area = (3x4)/2 = 6 sq units

if the base is 4 and height is 8

Area = (4x8)/2 = 16 sq units

if base is 3 and height is 8

Area = (3x8)/2 = 12 sq units

What is the area of this figure?

Answers

The are of the figure is 119 cm^2

Answer:

  119 cm²

Step-by-step explanation:

The area of a composite shape can be found by dividing it into shapes whose area formulas you know.

__

Here, the shape can be divided into 3 rectangles by extending the vertical lines through the figure. Left to right, those rectangles are ...

  2 wide × 17 hign ⇒ area = (2 cm)(17 cm) = 34 cm²

  10 wide × 7 high ⇒ area = (10 cm)(7 cm) = 70 cm²

  5 wide × 3 high ⇒ area = (5 cm)(3 cm) = 15 cm²

Then the total area is ...

  (34 +70 +15) cm² = 119 cm²

PLEASE HELP

Given f(x) = - 5x + 2 g(x) = 1/2 * x + 4 and find f(g(x)) .

Answers

Answer:

-5x/2 - 30

Step-by-step explanation:

Oop I placed it in the wrong spot

Place the give into the formula

f(g(x)) = f(x/2+4)

Plug it in

-5(x/2+4)+2

Simplfy

-5x/2-20-10

Answer:

-5x/2 - 30

Question 17 of 25
After being rearranged and simplified, which equation cannot be solved using
the quadratic formula?
O A. 5x2 – 3x+ 10 = 2x2
B. 2x2 – 3x + 10 = 2x2 + 21
-
O c. x2 - 6x- 7 = 2x
O D. 2x - 4 = 2x2
SUBMIT

Answers

Answer:

B. 2x2 – 3x + 10 = 2x2 + 21

Step-by-step explanation:

2x2 – 3x + 10 = 2x2 + 21

Subtract 2x^2 from each side

2x2- 2x^2 – 3x + 10 = 2x2 + 21-2x^2

-3x+10 = 21

This is a linear equation and does not use the quadratic equation to solve

-

Round of to the numbers as indicated:

1. 48521
To nearest 10:
To nearest 100:
To nearest 1000:

1. 674502
To nearest 10:
To nearest 100:
To nearest 1000:

3. 3875
To nearest 10:
To nearest 100:
To nearest 1000:

Answers

Answer:

See below.

Step-by-step explanation:

1. 48521

To nearest 10:    48520

To nearest 100:    48500

To nearest 1000:     49000   (8 goes up to 9 becasue of the 5)

1. 674502

To nearest 10:     674500

To nearest 100:       674500

To nearest 1000:        675000

3. 3875

To nearest 10:       3880

To nearest 100:         3900

To nearest 1000:           4000

1. 48521

To nearest 10:

= 48520

To nearest 100:

= 48500

To nearest 1000:

= 49000

1. 674502

To nearest 10:

= 674500

To nearest 100:

= 674500

To nearest 1000:

= 676000

3. 3875

To nearest 10:

= 3880

To nearest 100:

= 3900

To nearest 1000:

= 4000

(if the number your rounding is higher than 5, round the number up)

(- 18) × (- 5) × (- 4) =

Answers

Answer:

−360

Step-by-step explanation:

Help a fella out :)))))))

Answers

Answer:

5280 ft/1 mi, 1848 ft

Step-by-step explanation:

Whatever unit is given on the top (miles), you will write it on the bottom of the second fraction. Since we are solving for length in feet, we know that the numerator will be in feet. The only answer choice that has this option is 5280 ft/ 1 mi. You can check this math by taking 0.35 of 5280 feet, or 1 mile = 1848 ft.

[tex]\frac{0.35 mi}{1} *\frac{?ft}{?mi}[/tex]

[tex]\frac{0.35 mi}{1} *\frac{5280 ft}{1mi}[/tex]        (miles cancels out, left with feet)

[tex]\frac{1848ft}{1}[/tex]

1848 feet

I hope this helps!

Here's the rest of the questions

Answers

Answer:

A us right of first one and d is the right of another one

Question 9 is option 1 is correct
Question 10 is A4=8192
Question 11 is option 3 correct

please need help on = 0.35+0.6+____= 1

Answers

Answer:

0.59

Step-by-step explanation:

0.59 I think if I'm wrong correct me.

hegarty maths angles


Given that A, O & B lie on a straight line segment, evaluate acute ∠COD.

Answers

Check the picture below.


A metal with a specific heat of 0.900 J/g °C requires 1,040 J of heat to
raise the temperature (the change in temperature) by 5 °C. What is
the mass of the metal
PLEASE HELP GIVING OUT BRAINLEST

Answers

Answer:

231.1 gm

Step-by-step explanation:

1040 J / .9 j/(gm-C)   / 5C = 231.1 gm

The mass of the metal is 231.111 gram.

What is specific heat?

The specific heat capacity of a substance is the heat capacity of a sample of the substance divided by its mass, also known as massic heat capacity.

The formula for heat is given by the formula,

Q = mC(ΔT)

Given the metal has a specific heat of 0.900 J/g °C requires 1,040 J of heat to raise the temperature (the change in temperature) by 5 °C. Therefore, we can write,

Q = mC(ΔT)

1,040 = m × 0.900 × 5

m = 1040/(0.900×5)

m = 231.111 g

Hence, the mass of the metal is 231.111 gram.

Learn more about Specific Heat:

https://brainly.com/question/11297584

#SPJ2

What is the radius and diameter of 4.2

Answers

Radius and Diameter of a Circle

The radius of a circle is the length between a circle's centre and edge.

The diameter of a circle is its radius doubled.

Solving the Question

The given diagram tells us the radius is 4.2 cm.

To solve for the diameter, multiply the given radius by 2:

4.2 × 2 = 8.4

Therefore, the diameter of the circle is 8.4 cm.

Answer

Radius: 4.2 cm

Diameter: 8.4 cm

What do you guys think question 2,3,4 &5 Is called?​

Answers

2 - cubic centimeters

3- cubic decimeters

4- cubic centisquare

5- cubic millimeters

( cylinder's unit is in cubic due to formula )

(correct me if I'm wrong)

Peter is saving to buy a new skateboard. He deposits the same amount each week into his savings account. How much money does he save each week?

Week Money in Savings Account
0 $12.00
1 $17.75
2 $23.50
3 $29.25

Answers

The saves 5.75 dollars each week

A tool set is on sale for $180 after a markdown of 40% off the regular price. Find the regular
price.

Answers

Answer:

$180 + $72 = $252

Step-by-step explanation:

$180 * 40%

$180 * 0.40 = $72

$180 + $72 = $252

Other Questions
People use water to cook, clean, and drink every day. An estimate of 22.8% of the water used each day is for cleaning. If a family uses 68.4 gallons of water a day for cleaning, how many gallons do they use every day? please help me Find m 1. What series of laws did the U.S. government pass in the 1920s? A) laws that encouraged people to immigrate out of the U.S. B) laws that promoted more healthy food for families C) laws that limited immigration from certain countries D) laws that limited the number of times someone could be president2. What effect did the Immigration and Naturalization Act of 1965 have? A) It abolished the quota system. B) it increased the quota system. C) It changed laws about citizenship. D) It shut down immigration completely.3. Read the following sentences.One of [the Immigration and Naturalization Acts] goals was to try to end racial and ethnic discrimination towards certain immigrants. Rather than giving immigrants visas based on their race or ethnicity, these new policies focused on reuniting family members and getting skilled workers into the U.SFor the first time, a limit was placed on the number of immigrants from the Western Hemisphere, which included Mexico, Central America, and South America.What can you conclude about the Immigration and Naturalization Act of 1965 based on this information? A) It kept race or ethnicity based restrictions in place for immigration to the U.S. B) It didnt change anything about the way that people from the Western Hemisphere came to the U.S. C) It placed restrictions on immigration for people from all countries around the world equally. D) It placed restrictions on immigration from certain areas of the world, but not based on race or ethnicity.4. How did the U.S. handle the question of refugee immigration in contrast to standard immigration?A) The U.S. set a separate number for refugee visas regardless of what area of the world theyre coming from. B) The U.S. treated the refugee visas the same as the standard immigration visas and limited ones from certain areas. C) The U.S. decided to ignore the question of refugee visas until 2002, when the government passed new laws. D) The U.S. only let refugees from certain countries into the country on immigration visas. 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