You plan on making a $235.15 monthly deposit into an account that pays 3.2% interest, compounded monthly, for 20 years. at the end of this period, you plan on withdrawing regular monthly payments. determine the amount that you can withdraw each month for 10 years, if you plan on not having anything in the account at the end of the 10 year period and no future deposits are made to the account. a. $769.27 b. $767.23 c. $78,910.41 d. $79,120.84

Answers

Answer 1

Based on the calculation below, the amount that can be withdrawn each month for 10 years is a. $769.27.

Calculation of monthly withdraw

First, we calculate the future value (FV) of the amount after 20 years using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = A * (((1 + r)^n – 1) / r) ................................. (1)

Where,

FV = Future value of the amount after 20 years =?

A = Monthly deposit = $235.15

r = Monthly interest rate = 3.2% / 12 = 0.00266666666666667

n = number of months = 20 * 12 = 240

Substituting the values into equation (1), we have:

FV = $235.15 * (((1 + 0.00266666666666667)^240 – 1) / 0.00266666666666667) = $78,910.41

The amount planned to be withdrawn on monthly basis can be calculated using the formula for calculating the present value (PV) of an ordinary annuity as follows:

P = PV / ((1 - (1 / (1 + r))^n) / r) …………………………………. (2)

Where;

P = Monthly withdrawal or payment = ?

PV = Present value = FV calculated above = $78,910.41

r = Monthly interest rate = 3.2% / 12 = 0.00266666666666667

n = number of months = 10 * 12 = 120

Substitute the values into equation (2), we have:

P = $78,910.41PV / ((1 - (1 / (1 + 0.00266666666666667))^120) / 0.00266666666666667) = $769.27

Therefore, the amount that can be withdrawn each month for 10 years is $769.27.

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Answer 2

The answer is A: $769.27

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Have a great day and God bless! :D


Related Questions

Does anybody know this? Need it done soon. Find the surface area. Use 3.14 for pi. Do not round your answer

Answers

Answer:

113.04 yd²

Step-by-step explanation:

The formula for finding the surface area of a cylinder is:

2πrh+2πr² r = radius, h=height

The radius of this cylinder is 2, so you replace the 'r' with '2.' The height is 7 yd, so you replace the 'h' with '7.' Use 3.14 for π.

2πrh+2πr²

2(3.14)(2)(7) + 2(3.14)(2)^2

= 113.04 yd²

A paint roller is 12 inches long and has a radius of 3/4 inch. what is its lateral area?

Answers

Answer: The answer is [tex]16[/tex], You need to reduce the expression, if possible, by canceling the common factors. Then its lateral area of 12 inches and the radius of 3/4 inches would be 16.

Therefore your answer would be [tex]16[/tex].

Based on the concrete of the lateral area and the content of the question, the right answer is 18π

What is the lateral area?

The lateral area is the term that is used to describe the surface of an object as all of the sides of the object, excluding its base and top. Generally, the term lateral area is different from the surface area, which is the lateral surface area together with the areas of the base and top.

Hence, in this case, to calculate the lateral area of the paint roller, find the circumference of the roller and multiply it by its length.

The circumference of a circle can be found using the formula: C = 2πr where r is the radius.

Given that the roller has a radius of 3/4 inch let's substitute this value into the formula to find the circumference:

C = 2π(3/4)

C = 6π/4

C = 3π/2

Now we have the circumference of the roller.

To find the lateral area we multiply the circumference by the length of the roller which is 12 inches:

Lateral Area = Circumference x Length

Lateral Area = 3π/2 x 12

Lateral Area = 36π/2

Lateral Area = 18π

Therefore, in this case, it is concluded that the lateral area of the paint roller is 18π square inches.

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rewrite the formula p=2L+2w

Answers

P=2L+2w is the same as

P=2(l+w)

PLEASE HELP ILL MARK BRAINEST!!!!

Answers

Answer:

(-3,8) would NOT fit the table.

Answer: (-3,8)

Step-by-step explanation: click on the file

you sign up for a new email account. You must choose a secure password that contains 4 letters followed by one digit. How many combinations are there

Answers

Answer:

113

Step-by-step explanation:

26x4=104

1x9=9

104+9=113

1-Find the measure of 1. 226 degrees
2. 113 degrees
3. 134 degrees
4. 67 degrees

2-Find the circumference of the circle 7 cm. Use 3.14 for pi.
1. 21.98 cm
2. 38 cm
3. 3.5 cm
4. 7 cm

3-Classify the triangle by its sides and angles: 15.5 in, 15.5 in and 15.5 in.
1. Scalene, right
2. Equilateral, right
3. Equilateral, acute
4. Isosceles, acute

4-What are the coordinates of the image of point L(4,2) after a reflection over the line y = -1.
1. (-5,2)
2. (4,-4)
3. (3,1)
4. (4,-2)

5-A point P has coordinates (3.2). What are it’s new coordinates after reflecting point P over the y-axis.
1. (-3,-2)
2. (3,-2)
3. (3,2)
4. (-3,2)

Answers

21.98 is the answer :) your welcome

Sydney walked 3/4 mile on Monday
5/8 mile on Tuesday, and 1/2 mile on
Wednesday. How far did she walk
Monday through Wednesday?
A 1 1/2 mi
B 1 3/4 mi
C 1 7/8
D 2 1/4

Answers

Use similar denominators
3/4= 6/8
5/8= 5/8
1/2 = 4/8
6+5+4 = 15
15/8= 1 7/8
So the answer is C

On average how far from the mean age is each player?

Answers

The mean of the age data of the players is 20 and on average the age of each player is 1 far from mean.

What is dot plot?

The dot plot is the way of representation of the data. This data is plotted in the form of points or dots over an x-y axis. The dot plot is also known as the strip plot.

The data of the age of the player is,

18,19,20,21,21,21

The number of player are 6. Thus, the mean of the data is,

Mean=(18+19+20+21+21+21)/6

Mean=20

The distance form mean 20 of each player age is, 2,1,0,1,1,1. The mean deviation is,

Mean Deviation= (2+1+0+1+1+1)/6

Mean Deviation=1

Thus, the mean of the age data of the players is 20 and on average the age of each player is 1 far from mean.

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GIVING BRAINLIEST!!!!!

Answers

plane PBC is right answer.

it's a logical answer....

Answer:

Plane PBC

Step-by-step explanation:

Plane PBC contains 4 points : P, B, C, and Q.

The question asks which contains all three of C, Q, and P.

The plane is Plane PBC

A point T divides a line AB internally in the ratio5:2 .Given that A is (-4,10) and B is (10,3) , find the coordinates of T

Answers

Answer:

T(6,5)

Step-by-step explanation:

Solution,

Let the coordinate of T be T(a,b), where T divides a line AB internally in the ratio 5:2. Given that A is (-4,10) and B is (10,3).

From the section formula,

[tex]x=\frac{m_1x_2+m_2x_1}{m_1+m_2},y=\frac{m_1y_2+m_2y_1}{m_1+m_2}[/tex]

Let,

(x,y)=(a,b)

(x₁,y₁)=(-4,10)

(x₂,y₂)=(10,3)

m₁:m₂=5:2

Now substitute the values.

[tex]\hookrightarrow x=\frac{m_1x_2+m_2x_1}{m_1+m_2},y=\frac{m_1y_2+m_2y_1}{m_1+m_2}\\\\\hookrightarrow a=\frac{5\times10+2\times(-4)}{5+2},b=\frac{5\times3+2\times10}{5+2}\\\\\hookrightarrow a=\frac{42}{7},\: b=\frac{35}{7}\\\\\hookrightarrow a=6, \:b=5[/tex]

pls help in geometry

Answers

Answer:

58.5; 300; 196.5

Step-by-step explanation:

Area of triangle 1 = (1/2) * 9 * 13 = 58.5 inches^2

Area of whole figure = (1/2) * (14+26) * 15 = 300 inches ^2

Area of shaded region = 300 - 58.5 - [(1/2) * 6 * 15] = 241.5 - 45 = 196.5 inches^2

Consider the system of equations. 3x + 2y = 16, x + y = 4 Which numerical values could you multiply the second equation by to eliminate a variable? Select all that apply. 2 -2 03 D-3 34 -4

Answers

Answer:

-2 and -3

Step-by-step explanation:

Answer:

answer in picture

Step-by-step explanation:

Mr. reeves planted 5 beans and 12 tomato plants in his garden. What is the ratio of bean plants to tomato plants ?

Answers

Answer:

5/12 = 0.416666....   also in percentage 29,41 % of the plant are beans and 70.59 % are tomato plants.

y=8x+7 and -8x+y=7 solve algebretically

Answers

Answer:

infinitely many solution

Step-by-step explanation:

-8x + 8x + 7 = 7

7 = 7

Keyshawn buys 100 baseball cards to start a collection. He purchases 25 more baseball cards
each week. Which equation could be used to represent the number of baseball cards (b) in
Keyshawn's collection after w weeks?
A. w = 25b + 100
B. w = 100b+25
C. b = 25w + 100
D. b = 100w + 25

Answers

Answer:

C. b = 25w + 100

Step-by-step explanation:

Keyshawn starts off with 100 baseball cards. Each week he buys 25 more baseball cards. Given this we want to find an equation that would represent the number of baseball cards (represented by "b") he would have after a number of weeks (represented by "w")

We know that keyshawn buys 25 baseball cards weekly so the number of baseball cards purchased after w weeks can be represented by 25w.

We also know that he started of with 100 baseball cards so the total amount of baseball cards keyshawn has (b) can be represented by the expression b = 25w + 100

A gym charges membership dues of $25 per month. Part A
Complete the table to show how the total cost in dollars, C, and the
number of months, m, of gym membership are related. What is the cost of the blue section

Answers

you can turn this into an equation: [tex]c=25m[/tex], where c is the cost and m is number of months.

solve for blue.

[tex]c=25m\\\\c=25(14)\\\\c=350[/tex]

The blue section costs $350.

Helppppppppppppppppppppp

Answers

Answer:

I'd say think

Step-by-step explanation:

Do 3i =(7²)

3i=49

Answer:

see explanation

Step-by-step explanation:

given a polynomial has roots x = a and x = b , then the corresponding factors are

(x - a) and (x - b)

the polynomial is then the product of the factors , that is

f(x) = (x - a)(x - b)

note that radical and complex roots occur in conjugate pairs.

(5)

given x = - 3i is a root then x = 3i is also a root

factors then are (x - 3i) , (x + 3i) , (x - 7) , then

f(x) = (x - 7)(x - 3i)(x + 3i) ← expand 2nd pair using foil

     = (x - 7)(x² - 9i²) [ i² = - 1 ]

    = (x - 7)(x² + 9) ← distribute factors

   = x³ + 9x - 7x² - 63

f(x) = x³ - 7x² + 9x - 63

(6)

roots are x = [tex]\sqrt{5}[/tex] , x = - [tex]\sqrt{5}[/tex] , x = i , x = - i , and factors are

(x - [tex]\sqrt{5}[/tex] ) , (x + [tex]\sqrt{5}[/tex] ) , (x - i) , (x + i) and

f(x) = (x - [tex]\sqrt{5}[/tex] )(x + [tex]\sqrt{5}[/tex] )(x - i)(x + i) ← expand pairs of factors using FOIL

     = (x² - 5)(x² + 1) ← distribute factors

     = [tex]x^{4}[/tex] + x² - 5x² - 5

then

f(x) = [tex]x^{4}[/tex] - 4x² - 5

A linear pair must add up to 180 degrees is true or false?

Answers

Answer:

true

Step-by-step explanation:

Arturo is
putting 18 erasers into equal rows. He
says there will be more erasers in 2 equal
rows than in 3 equal rows Is Arturo
correct?

Answers

Answer:

Yes

Step-by-step explanation:

When there are 2 rows

Number of erasers per row =  No. of erasers / No. of rowsNumber of erasers per row = 18/2Number of erasers per row = 9

When there are 3 rows

Number of erasers per row =  No. of erasers / No. of rowsNumber of erasers per row = 18/3Number of erasers per row = 6

Therefore, there will be more erasers per row in 2 equal rows than in 3 equal rows.

offering tons of points and brainliest for the right answer!
A boat can travel 28 miles up a river in the same amount of time it takes to travel 36 miles down the same river. If the current is traveling at 2 miles per hour, what is the speed of the boat in still water?

Answers

Answer:

  16 mph

Step-by-step explanation:

You want the speed of a boat in still water if it travels 28 miles upstream in the same time it travels 36 miles downstream in a river that runs 2 mph.

Time

The relation between time, speed, and distance is ...

  t = d/s

If we let b represent the boat speed, the two identical times give the relation ...

  28/(b -2) = 36/(b +2)

Solution

  28(b +2) = 36(b -2) . . . . cross multiply

  28b +56 = 36b -72 . . . . eliminate parentheses

  128 = 8b . . . . . . . . . . . . add 72 -28b

  16 = b . . . . . . . . . . . . divide by 8

The speed of the boat is 16 mph.

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The number of 22 cent stamps, n, can be found by solving the equation: 22n + 17(20 − n) = 400

How many 22 cent stamps are in the book?​

Answers

Answer:

12

Step-by-step explanation:

22n + 17(20 - n) = 400 ← distribute parenthesis and simplify left side

22n + 340 - 17n = 400

5n + 340 = 400 ( subtract 340 from both sides )

5n = 60 ( divide both sides by 5 )

n = 12

there are 12, 22 cent stamps in the book

An instrument maker creates a triangle in the shape of an isosceles triangle by bending a metal rod. the rod is 13 inches long, and the bottom of the triangle is longer than the two sides. what is the length of the longest side?

the length of the longest slide is inches. the other two sides will each be
inches in length.

Answers

The length of the longest slide is 5 inches. he other two sides will be 4  inches in length.

Length of the longest slide

Isosceles triangle

Given:

Total length=13 inches

Hence:

AC=BC<AB

Let AC=BC=x-1 inches

AB=x inches

Thus:

x-1+(x-1)+x=13

3x-2=13

3x=13+2

3x=15

divide both side by 3x

x=15/3

x=5 inches

Hence:

Other two side

x-1=5-1=4 inches

Therefore the length of the longest slide is 5 inches. he other two sides will be 4  inches in length.

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Answer:

4 in

Step-by-step explanation:

I Just Took the Test.

Given zy = 4 and x² + y² = a, which expression is equal to (x + y)²?

Answers

The value of the given expression will be equal to ( x + y )² = a + 8.

What is an expression?

Expression in maths is defined as the collection of the numbers variables and functions by using signs like addition, subtraction, multiplication and division.

Given that:-

xy = 4 and x² + y² = a

The expression will be calculated as:-

( x + y )² = x² + y² + 2 xy

( x + y )²  =  a  +  2 x ( 4 )

( x + y )²  =  a  +  8

Therefore the value of the given expression will be equal to ( x + y )² = a + 8.

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Luke bought 256 ounces of strawberries. he divided them evenly between 8 different pies.

Answers

Answer:

2 pounds.

Step-by-step explanation:

We have been given that Luke bought 256 ounces of strawberries. He divided them evenly between 8 different pies. We are asked to find the pounds of strawberries that Luke put on each pie.

First of all, we will convert 256 ounces into pounds.

We know that 1 pound equals 16 ounces. To convert 256 ounces into pounds, we need to divide 256 by 16.

[tex]256[/tex] [tex]ounces=\frac{256}{16}[/tex] [tex]pounds=16[/tex] [tex]pounds[/tex]

Now we will divide 16 pounds by 8 to find number of strawberries put on each pie.

[tex]Pounds[/tex] [tex]of[/tex] [tex]strawberries[/tex] [tex]on[/tex] [tex]each[/tex] [tex]pie=\frac{16}{8}[/tex]

[tex]Pounds[/tex] [tex]of[/tex] [tex]strawberries[/tex] [tex]on[/tex] [tex]each[/tex] [tex]pie=2[/tex]

Therefore, Luke put 2 pounds strawberries on each pie.

We randomly select 100 Pell grant recipients from two states. State A is a relatively small state with approximately 4,000 Pell grant recipients. State B is a large state with approximately 200,000 Pell grant recipients. Suppose that the mean and standard deviation in individual Pell grants is approximately the same for both states: μ = $2, 600 and σ = $800. For which state is the sample mean for our 100 Pell grant recipients most likely to be within $80 of $2,600?a. State A because the sample represents a larger segment of this small population. b. State B because there is less variability in larger populations so estimates from samples are more accurate. c. Equally likely because σ = $800 for both states.

Answers

Using the Central Limit Theorem, the state that the sample mean would most likely be within $80 of $2,600 is given by:

c. Equally likely because σ = $800 for both states.

What does the Central Limit Theorem state?

It states that the sampling distribution of sample means of size n has standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

In this problem, we have that for both states, [tex]\sigma = 800, n = 100[/tex], hence they have the same standard error, being equally as likely to be within $80 of $2,600, meaning that option C is correct.

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(please help will give brainlyest)
enter the lowest whole number in the numerator to make the comparison ?/7 > 1/2 true.

Answers

14/7 is greater than 1/2

Sure hope this helps you

I mean, technically any number higher than 3.5 would make the expression true. I would say, in all honesty, the lowest number is 4 because that’s what the lowest whole number is rounded to.

I need help with this question please answer fast!

Answers

Answer:

Its probably C or B I hope this helps!

When you use the slope formula, does it matter what point you choose as (x1 , y1) and what point you choose as (x2, y2)? Explain why or why not.

Answers

Answer:

It does not matter.

Step-by-step explanation:

How to find a slope with just two points,

Step One: Identify two points on the line.

Step Two: Select one to be (x1, y1) and the other to be (x2, y2).

Step Three: Use the slope equation to calculate the slope.

Example

Let's say that points (15, 8) and (10, 7) are on a straight line. What is the slope of this line?

Step One: Identify two points on the line.

In this example, we are given two points, (15, 8) and (10, 7), on a straight line.

Step Two: Select one to be (x1, y1) and the other to be (x2, y2).

It doesn't matter which we choose, so let's take (15, 8) to be (x2, y2). Let's take the point (10, 7) to be the point (x1, y1).

Step Three: Use the equation to calculate the slope.

Once we've completed step 2, we are ready to calculate the slope using the equation for a slope:

[tex]slope=\frac{y2-y1}{x2-x1} =\frac{8-7}{15-10} =\frac{1}{5}[/tex]

We said that it really doesn't matter which point we choose as (x1, y1) and the which to be (x2, y2). Let's show that this is true. Take the same two points (15, 8) and (10, 7), but this time we will calculate the slope using (15, 8) as (x1, y1) and (10, 7) as the point (x2, y2). Then substitute these into the equation for slope:

[tex]slope=\frac{y2-y1}{x2-x1} =\frac{7-8}{10-15} =\frac{-1}{-5}=\frac{1}{5}[/tex]

We get the same answer as before!

Often you will not be given the two points but will need to identify two points from a graph. In this case, the process is the same, the first step being to identify the points from the graph. Below is an example that begins with a graph.

So therefore it does not matter.

No, it does not matter which point you choose as (x₁, y₁) and which point you choose as (x₂, y₂) when using slope formula. Slope between two points on line remains same regardless of order in which you choose points.

The slope formula is given by slope = (y₂ - y₁) / (x₂ - x₁)

This is because the slope represents the rate at which the y-coordinate changes with respect to the x-coordinate.

If you swap the points (x₁, y₁) and (x₂, y₂), the change in y and the change in x will simply swap as well, but their ratio, which is the slope, will remain unchanged. For example, if the slope between (x₁, y₁) and (x₂, y₂) is m, then the slope between (x₂, y₂) and (x₁, y₁) will also be m.

This property of the slope formula makes it convenient and efficient to calculate the slope between two points, regardless of their order, as it will yield the same result.

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Hey guys! Stuck on this problem. Can you please explain? Will give brainliest!

Answers

Answer:

60

Step-by-step explanation:

1. Calculate area of front surface:

Area of rectangle + Area of smaller rectangle

6*3 + 2*1 = 20

2. then multiply the area by the depth (3)

20 * 3 = 60 cm^3

1. Kedir bought 18 pieces of glasses out of a box of glasses. If these are 75% of the total, how many glasses did the box contain?

Answers

Answer:

24 pieces of glass

Step-by-step explanation:

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