You want to have $150,000 in your retirement account when you retire in 30 years. Your retirement account earns 7%
interest. How much do you need to deposit each month to meet your retirement goal?
Round your answer to the nearest cent.
Do NOT include the dollar sign.

Answers

Answer 1

Answer: 123.05

Use annuity formula

Answer 2

Answer:

Step-by-step explanation:

Since we're talking about making a deposit of a certain amount every month rather than just one big deposit, we are talking about an annuity. The formula for the value of an annuity is A(t)=d[(1+rn)nt−1](rn) where A(t) is the value of the annuity, d is the amount of each deposit, n is the number of deposits per year, t is the number of years, and r is the rate of interest. In this case we know we want the value of the annuity to be A(t)=$150,000, we want to make deposits every month, or 12 times a year, so n=12, we want to reach our desired value in 30 years, so t=30, and our account earns 7% interest, so r=0.07. We can plug in all of these values and solve for d to find the amount we need to deposit each month:

A(t)150,000150,000150,000d=d[(1+rn)nt−1](rn)=d[(1+0.0712)12⋅30−1]0.0712≈d[(1.00583)360−1]0.00583≈1,219.97d≈122.95

The amount you need to deposit each month is approximately $122.95.


Related Questions

Is the following relation a function? *
{(-3, 2), (1, 8), (-1, 5), (3, 11)}
Yes
No
Why or why not?

Answers

Answer:

No.

Step-by-step explanation:

Well at first glance it might seem so but there are two points particularly that can tell you that these points cannot be within a function.

The points (3,2) and (3,-2) will yield an undefined slope (a straight vertical line). There is no possibility that the other points can be in this line (as their y - values are different) and there is no possibilty that this is a function at all according to the vertical line test (the test is that if you draw a vertical line that there shouldn't be more than one point on it).

From Question 10c, What is DC_{3,1}DC
3,1

Answers

DC₃₁ is the entry of the product DC in row 3, column 1, which you get by computing the dot product of the 3rd row of D and the 1st column of C :

{3, -2} • {1, 4} = 3×1 + (-2)×4 = 3 - 8 = -5

What is the domain of the following parabola? (5 points)

u-shaped graph that opens down with a vertex of 1, 2

Group of answer choices

y ≤ 2

x ≥ 1

All real numbers

x ≤ 1

Answers

Answer:

the domain for this parabola is all real numbers

helpppppppppppppppppp

Answers

Answer:

38º

Step-by-step explanation:

the angles that are across from each other like

the 38º and <6<2 and <4<3 and <5<1 and <7

are equal.

So, <6 = 38º (This is also because of the Vertical Angle Theorem / VAT)

I attached the question please take a look

Answers

Answer:

e

Step-by-step explanation:

beishdhsjsvsudjdnbdhdjrjdxbxbudsndnbhhxhxbdhddbdbd

Which of the following is an equation of the line through (2,3) and (-1, -12)?

Answers

Answer:

C (y=5x-7)

Step-by-step explanation:

First, you find the slope between the 2 points which is 5, then you use one of the points to form an equation.  

You then find it's y=5x-7.

SUPER EASY QUESTION WILL GIVE BRAINLEST!!!!!!!!!!!!!!!!!!!!! (no links please
what is 11683.94 rounded to the nearest tenth.

Answers

11683.94 rounded to the nearest tenth is 11,683.9

3. The rectangle below has an area of 297 in. Find the length of the diagonal.
14
27 in.
odhad.

Answers

9514 1404 393

Answer:

  29.15 in

Step-by-step explanation:

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

  A = LW

Filling in the given information, we can find the missing side length.

  297 in² = (27 in)h

  h = (297 in²)/(27 in) = 11 in

The length of the diagonal can be found from the Pythagorean theorem.

  d² = 27² + 11² = 729 +121 = 850

  d = √850 = 5√34 ≈ 29.15476

The length of the diagonal is about 29.15 inches.

The average commute to work (one way) is 25 minutes according to the 2005 American Community Survey. If we assume that commuting times are normally distributed and that the standard deviation is 6.1 minutes, calculate the probability that a randomly selected commuter spends for the following cases.
1. More than 31 minutes commuting one way.
2. Less than 8 minutes commuting one way.

Answers

Answer:

1. 0.1635

2. 0.0026

Step-by-step explanation:

The computation of the probability in the following cases are as follows:

1.

Given that

Mean = 25 minutes

ANd, the standard deviation is 6.1 minutes

So here the z score would be

= (31 - 25) ÷(6.1)

= 0.98

Now the probability is

= P(Z>0.98)

= 0.1635

2. the z score would be

= (8 - 25) ÷(6.1)

= -2.79

Now the probability is

= P(Z<-2.79)

= 0.0026

Box A contained 40 paperclips. Box B contained 23 paperclips. After Sally took an equal number of paperclips from each box, Box A then contained twice as many paperclips as Box B. How many paperclips did Sally take from each box?

Answers

Answer:

Step-by-step explanation:

Number of clips in box A = 40

Number of clips in box B = 23

If Sally took out 6 clips from each box

Remaining clips in box A = 40 - 6 = 34 which is twice of 17

Remaining clips in box B = 23 - 6 = 17

Answer:

Sally took 6 paperclips from each box

Step-by-step explanation:

Paper clips in Box A = 40

Paper clips in Box B  = 23

Let the equal number paperclips removed from each box = x

Number of clips in box A after taking 'x' clips = 40 -x

Number of clips in box B after taking 'x' clips = 23 -x

40 - x = 2*(23 -x)

40 - x = 2*23 - 2*x

40 -x = 46 - 2x  {Add 2x to both sides}

40 - x + 2x = 46          {Combine like terms}

40 + x = 46         {Subtract 40 form both sides }

x = 46 - 40

x = 6

Sally took 6 paperclips from each box

Select all of the given trigonometric equations that are true statements. sin(180°) = cos(0°) cos(74°) = sin(16°) sin(20°) = cos(70°) sin(A°) = cos(90° - A°) sin(A°) = cos(180° - A°) cos(140°) = sin(40°)

Answers

Answer:

Cos 74°= Sin 16°

Sin 20°= Cos 70°

Sin A°=Cos (90°- A°)

Step-by-step explanation:

This is because the three pairs are complementary i.e they add up to 90° and in trigonometric ratios, complementary ratios are equal.

Helpppppppppppppppppppp

Answers

Dude stop commenting that people need real answer not a link

Anyone know the answer

Answers

Answer:

20 and 60

Step-by-step explanation:

If x=25, angle one is 20 degrees, and angel two is 60 degrees.

Help on this question don’t understand it well

Answers

Answer:

135

Step-by-step explanation:

Well you don ‘t have to worry about the first part since its just the equation with the unknown number while the second part has it already substituted in.

Solve the equation normally, follow orders of operations.

6(5)^2-15

5^2=25

25*6=150

150-15=135

Find an equation equivalent to r = 1 + 2 sin e in rectangular coordinates.

Answers

2+1 = r thistle was the answer

Help......................

Answers

7 is the answer. hope this helps!
the answer is 7, have a good day and good luck

can someone please help me , i’ll give you brainliest

Answers

Answer:

Option D vertical angles is your answer ☺️☺️

Answer:

Vertical angles

Step-by-step explanation:

∠WTU and ∠STZ are opposite each other; hence they are vertical angles.

PLEASE HELP ME!! My grades are bad and I need the answer before Friday. Somebody PLEASE help!!! I rlly need to get this done!!

Answers

Step-by-step explanation:

Just telling you, if your grades are bad,

you should listen to the teacher more in class time,

take notes, and more.

Btw, the equation is...

I hope this will help you.

I cannot give answers for everything.

I hope this helps!

somebody please help this is due in a couple of hours :(

Answers

Answer:

Step-by-step explanation:

A fair spinner has the numbers 1-4. What is the theoretical probability of getting a 2

Answers

Answer:1-5

Step-by-step explanation:Assuming the spinner is numbered 1–5 and has an equal chance of landing on any number, you have two independent probabilities, each 1 in 5.

Just multiply those: 1/5 * 1/5 = 1/25. You have a 4% chance of getting 2 twice.

Of course, if there’s anything special about spinning “2”, you’ll be keyed to watch for it after getting 2 the first time. Now there’s a 20% chance (1 in 5) you’ll spin it again, and you’ll be very excited that you got 2 twice in a row. Another way of saying that is that the probability of something that has already happened is 100%.

help, can you tell if im right?

Answers

Answer:

Yes, all of your answers are 100% correct

Step-by-step explanation:

You correctly set the values equal to the numerator or denominator (minutes = minutes) and any value will equal the same value.

The length of a rectangle is 3 times the width. The area of this rectangle is 243 feet squared.
What are the dimensions?
Width =____feet (this is the short side)
Length=____feet (this is the long side that is 3 times the width)

Answers

Step-by-step explanation:

width = x

length= 3x

Area = length * width

243=3x * x

3÷243 =3x^2÷3

√81=√x^2

x=9

3x=3*9=27

Width=9

Length=27

PLEASE ANSWER THE QUESTION IN THE PICTURE BELOW

Answers

Answer:

35 cm^3

Step-by-step explanation:

the area is 35 hoped that helped

If 10 miles≈16 km​, about how many miles would be equal to 92 km​? Show how you decided.

Answers

Answer:

57.5 miles

Step-by-step explanation:

10 mi : 16 km

x mi  : 92 km

(10)(92) = (16)(x)

920 = 16x

57.5 = x

VERY EASY, WILL GIVE 50 POINTS FOR CORRECT ANSWER ASAP AND WILL GIVE BRAINLIEST.

Answers

Answer:

A scale of 3

Step-by-step explanation:

dd2d2de2f3f

Help quickly pleaseee

Answers

Answer:

I'm corona positive and isolated feeling depressed just logged in to talk someone but people ignoring me thanks for this behaviour got disappointed bye everyone logging out had a great time

ZABC and ZQRS are supplementary angles.
If the measure of ZABC = 140°, what is the
measure of ZQRS?
MZQRS = [?]

Answers

Answer:

m<QRS = 40

Step-by-step explanation:

180 - 140 = 40

The measure of angle m∠QRS which is supplementary to m∠ABC is determined as 40⁰.

What is a supplementary angle?

A supplementary angle is a pair of angles that add up to 180 degrees.

That is to say, if we have two angles and their measures sum up to 180 degrees, then they are supplementary angles. Each angle in a supplementary pair is called the "supplement" of the other angle.

The measure of angle QRS is calculated by applying the following formula as follows;

m∠QRS + m∠ABC = 180 (supplementary angles add up to 180)

m∠QRS + 140 = 180

m∠QRS = 180 - 140

m∠QRS = 40⁰

Thus, the measure of angle m∠QRS which is supplementary to m∠ABC is determined as 40⁰.

Learn more about supplementary angles here: https://brainly.com/question/12919120

#SPJ2

SUPER EASY QUESTION WILL GIVE BRAINLEST!!!!!!!!!!!!!!!!!!!!!
what is 11683.94 rounded to the nearest tenth.

Answers

Answer: It's 11683.9

Step-by-step explanation:

please help!! Area of Trapezoids and Triangles ​

Answers

Answer: Area of the shape is 168 ft.

Step-by-step explanation: Split the shape into 2 shapes: A rectangle and a triangle.

Area of the rectangle shape is 144 and the area of the triangle is 24. Add them and you get 168.

Solve the equation x^{2}-15x+52=0x
2
−15x+52=0 to the nearest tenth.

Answers

9514 1404 393

Answer:

  x = {5.4, 9.6}

Step-by-step explanation:

Adding and subtracting the square of half the x-coefficient can help you complete the square.

  (x^2 -15x +7.5^2) +52 -7.5^2 = 0

  (x -7.5)^2 = 4.25 . . . . . . add the opposite of the constant; write as a square

  x = 7.5 ±√4.25 . . . . . . . square root, add 7.5

  x ∈ {5.4, 9.6}

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