Tina would like to withdraw an annual salary of $35,756 from an account paying 2.2% compounded annually for 35 years once she retires. given this information, determine the amount needed in her account in order for her to reach her goal. round to the nearest cent. a. $801,263.20 b. $866,442.02 c. $885,503.75 d. $1,213,299.,90

Answers

Answer 1

The amount needed in Tina's account in order for her to reach her goal round to the nearest cent is given by: Option B: $866,442.02 approximately.

What is the amount of a fixed period payment to be done to pay off the loan amount which is increasing compoundly?

Suppose we're given that:

[tex]P_v[/tex]= Present value of the loan amountr = rate of interest (compound interest) per period of timen = number of period of time in which loan is to be paid offP = A fixed period payment needed to be done for paying off the loan in n number of periods.

Then, we get:

[tex]P = \dfrac{r\times P_v}{1 - (1 + r)^{-n}}[/tex]

Why do we need this loan paying formula?

It is because we can simulate this situation with above condition.

Suppose the balance in her account is loan that she has given to someone. Let it be x, so [tex]P_v[/tex] = x dollars

The loan is increasing compoundly per year(here period of time is year wise). r = 2.2% = 0.022

That loan taker will pay off(since she need money only for 35 years) the loan in 35 years by giving $35756 = P payments each year.

We need to find the value of that initial loan amount (which refers to the amount that she needs to keep in her account).

Putting values in the aforesaid formula, we get:

[tex]P = \dfrac{r\times P_v}{1 - (1 + r)^{-n}}\\\\\\35756 = \dfrac{0.022 \times x}{1 - (1+0.022)^{-35}}\\\\\\x = \dfrac{35756 \times (1 - (1+0.022)^{-35})}{0.022} \approx 866442.02 \: \rm dollars[/tex]

Thus, the amount needed in Tina's account in order for her to reach her goal round to the nearest cent is given by: Option B: $866,442.02 approximately.

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Answer 2

The other person is correct! The answer is B: $866,442.02.

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Have a great day and God bless! :D


Related Questions

write a word phrase that means the samme as x/4

Answers

A number x divided by four

Factor x2 + 16 completely.
a (x + 4)(x + 4)

b (x + 4)(x − 4)

c Prime

d (x − 4)(x − 4)

Answers

Answer:

Prime

Solution:Let's factor this expression.x^2+16The expression is prime.Let's see why all the other options are wrong.Option A) (x+4)(x+4)x*xx*44*x4*4This makes x^2+8x+16, not x^2+16.

Hope it helps.

Do comment if you have any query.

Answer:

prime

Step-by-step explanation:

I tried to delete my answer

The radius of a circle is 12.7 ft. Find the circumference
to

the

nearest

tenth
to the nearest tenth.

Answers

Answer:

79.8

Step-by-step explanation:

brainliest and 50 points!
find the area of the regular polygon
A) 696
B)157.3
C) 1235.2
D) 946.4​

Answers

Area = 16(19.3 x 8):2 = 1235.2 [B].


What is the value of x in trapezoid ABCD?
OX=15
OX-20
OX=45
OX=60

Answers

Answer:

15.

Step-by-step explanation:

1) property:

m(∠B)+m(∠D)=180°;

2) according to the property:

3x+9x=180°; ⇒ x=15°

The value of x is 15 degree in the trapezoid ABCD.

What is Quadrilateral?

A quadrilateral is a closed shape and a type of polygon that has four sides, four vertices and four angles

A trapezoid is a quadrilateral with one pair of opposite sides parallel.

ABCD is a trapezoid.

We have to find the value of x in the given quadrilateral.

The sum of opposite angles of a quadrilateral is 180 degrees.

m(∠B)+m(∠D)=180°

From the figure m(∠B) is 3x and m(∠D) is 9x

3x+9x=180°

Combine the like terms

12x=180

x=15 degrees.

Hence, the value of x is 15 degree in the trapezoid ABCD.

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A bag has six balls labeled a,b,c,d.e and f . One ball will be randomly picked, and its letter will be recorded as the outcome. Give the sample space describing all possible outcomes. Then give all of the outcomes for the event of choosing the letter b,e or c . If there is more than one element in the set, separate them with commas.

Answers

Answer:

Step-by-step explanation:

given that a bag contains 6 balls labelled A to F.

Given that a ball is drawn at random and its letter is recorded as outcome.

Since each ball is equally likely to be drawn the sample space for one ball drawing is

S = {A,B,C,D,E,F} and n(S) = 6

Let G be the event of choosing a lable from D to F

G = The event of choosing a label from D to F= {D,E,F}  n(A) = 3

A sample space is a set which contains the set of all the possible outcomes or results that could occur while performing an experiment.

i.e. the sample space while flipping a coin is: {H,T}

The sample space while tossing a six-sided die is: {1,2,3,4,5,6}

Here it is given that:

A bag has six balls labeled:  A,B,C,D,E,F

One ball will be randomly picked, and its letter will be recorded as the outcome.

       This means that the sample space is given by:

                     Sample space={ A,B,C,D,E,F}

Now, when the event is choosing a letter from   D to F.

            Then the sample space is:

                     Sample space= {D,E,F}

9 was the wrong answer what is the real answer to this problem

Answers

Answer:

Step-by-step explanation:

First find the volume of the Cylinder, plug in the Radius (3), and the height (14) into the formula.

V= 3 x (3 squared) 9 x 14

V of Cylinder = 378 cm^3

V of Cone use the formula given,

V = [tex]\frac{3*9*5}{3}[/tex]

V = 45 cm^3

Add them together and you get 423 cm^3

Which statements are true about fractions and ratios? Select all that apply. All ratios are fractions. Some ratios are not fractions. All fractions are ratios. All ratios compare wholes and parts.

Answers

The only correct statement is that ratios are not fractions.

Answer: the person above is wrong

Step-by-step explanation: Some ratios are not fractions.

and All fractions are ratios

What is the least common multiple of 23, 39, and 8? Sum



does anyone know this ​

Answers

Answer:

7176

Step-by-step explanation:

23 is a prime factor.

3 & 13 are the prime factors of 39.

2, 2, & 2 are the prime factors of 8.

Determine the max. number of times each prime factor occurs.

Calculate: 2^3 x 3 x 13 x 23 = 7176

Answer:

7,176

Step-by-step explanation:

The LCM of these numbers is found when you multiply the three numbers together: 23*39*8 = 7,176

Hope this helps!

The problem is on the screenshot

Answers

Answer:

x=1 y=4
x=2 y=7
x=3 y=10

Step-by-step explanation:

To find the answer, you have to plug in the x-value for the equation to find y.

You will then find out that every time x increases by 1, y increases by 3.

how to simplify 8 + ( -6 ) + 4

Answers

Answer:

6

Step-by-step explanation:

8+4=12

12-6=6

ILL GIVE BRAINLIST IF ITS CORRECT PLEASE HELP ASAP!!

Answers

Answer:

check the attachment and explanation below

Step-by-step explanation:

Explanation for statement 3 :

Suppose The number of shoppers on Saturday is 100 and the number of shoppers on Sunday is 200

Total number of shoppers = 300

On Saturday :

Q₃ = 70 then 25% of shoppers spent more then $70

then 25 shopper spent more then $70

On Sunday:

M’ = 70 then 50% of shoppers spent more then $70

then 100 shopper spent more then $70

On both days:

(100+ 25) shopper spent more then $70

Then 125 shopper spent more then $70

But 125 is not 75% of 100+200=300

To cook fondant, sugar and water are heated to 230°F. Then the mixture
is cooled at room temperature before it is kneaded. If the cooked fondant
cools to 200°F in 15 minutes in a 68°F kitchen, how long will it take to
cool to 100°F? (Hint: Find the constant k first.)

Answers

Using the Newton's law of cooling, the time it takes to cool to 100°F is 116 mins.

Newton's law of cooling

According to the Newton's law of cooling, the when an object is exposed to the surrounding it looses heat rapidly untill it is at a thermal equilibrium with the suurroundings.

Now;

T(t) = T(s) + (To - Ts)e^-kt

T(t) = temperature at time T

To = initial temperature

Ts = temperature of the surrounding

k = colling constant

t = time taken

200 = 68 + (230 - 68)e^-15k

200 = 68 + 162e^-15k

200 - 68/162 = e^-15k

ln(0.815) = -15k

k = ln(0.815)/-15

k = 0.014 min-1

Now;

100 = 68 + (230 - 68)e^-( 0.014t)

100 -68/162 = e^-( 0.014t)

0.198 =e^-( 0.014t)

ln(0.198) = -( 0.014t)

t = ln(0.198)/-0.014

t = 116 mins

Learn more about newtons law of cooling: https://brainly.com/question/14643865:

A. >
B. <
C. =
D. none of the above

Answers

Answer:

[tex]3.14 \times 10 ^{3} < 2.6 \times 10^{3} [/tex]

Step-by-step explanation:

[tex]3.14 \times 10 ^{3} [/tex]

[tex]3140[/tex]

[tex]2.6 \times 10 ^{4} [/tex]

[tex]26000[/tex]

A linear function is represented below.


Which function has a greater y-intercept than the function in the table?

A. y = 4x

B. y = –2x

C. y = –x – 1

D. y = –0.5x + 5


here is the chart it wouldn't let me do a screenshot:

X, Y
-2,-6
0 0
3 9

Answers

Solution:

D. y = –0.5x + 5

In this chart, the slope, (m):

[tex]\sf \dfrac{y_2-y_1}{x_2-x_1}}[/tex]

[tex]\hookrightarrow \sf \frac{-6-0}{-2-0}[/tex]

[tex]\hookrightarrow \sf \frac{-6}{-2}[/tex]

[tex]\hookrightarrow \sf 3[/tex]

Equation:

[tex]\sf y_1-y= m(x_1-x)[/tex]

[tex]\hookrightarrow \sf y-(-6)= 3(x-(-2))[/tex]

[tex]\hookrightarrow \sf y+6= 3x+6[/tex]

[tex]\hookrightarrow \sf y+6-6= 3x+6-6[/tex]

[tex]\hookrightarrow \sf y= 3x[/tex]  

⇒ Thus we found in the chart, the slope is 3 and y-intercept : 0

A = y-intercept : 0B = y-intercept : 0C = y-intercept : -1D = y-intercept : 5

From this D only has the greatest y-intercept than the chart.

Answer:

D

Step-by-step explanation:

Sorry if I'm late for the party, hope this helps anyways! :)

Please help the answer options are
1 mph
1 hour per mile
2mph
2 hours per mile

Answers

Answer:

I am positve it 2mph

Step-by-step explanation:

becuase for evry hr u drive 2 miles

Find the areas of these polygons

Answers

The area of triangle
=5*7/2
=35/2
17.5sq.units//

The area of parallelogram
=15*8
=120sq.units//

Flynn has $4 worth of quarters.

How many quarters does Flynn have?


4 quarters

16 quarters

40 quarters

80 quarters

Answers

Answer:

16 quarters

Step-by-step explanation:

4 x 4 = 16

$1 = 4 quarter

Flynn has 16 quarters.

it would be 16 quarters if you do 4 times 4 that equals 16

Samantha runs 4 1/2 miles in 45 minutes, or 3/4 hour. Nyomi runs 4 1/3 miles in 40 minutes or 2/3 hour. Who runs faster

Answers

Answer:✨Samantha✨

Step-by-step explanation:

Ben makes orange paint by mixing red, yellow and white paint in the ratio 20 : 16 : 1.5. how much of each colour does he need to make 1.5 litres of orange paint?​

Answers

Answer:

0.8L = red

0.64L = yellow

0.06L = white

Step-by-step explanation:

R : Y : W

20 : 16 : 1.5

20 + 16 + 1.5 = 37.5

1.5 ÷ 37.5 = 0.04

0.04 × 20 = 0.8L = red

0.04 × 16 = 0.64L = yellow

0.04 × 1.5 = 0.06L = white

Generalize How do the graphs of the solutions of inequalities involving greater than (>) and greater than or equal to (2) compare?​

Answers

The graph of a two-variable linear inequality looks like this:

2
2
4
4
6
6
8
8
-
4
-
4
-
6
-
6
-
8
-
8
2
2
4
4
6
6
8
8
-
4
-
4
-
6
-
6
-
8
-
8
y
y
x
x
It's a line with one side shaded to indicate which
x
xx-
y
yy pairs are solutions to the inequality.
In this case, we can see that the origin
(
0
,
0
)
(0,0)left parenthesis, 0, comma, 0, right parenthesis is a solution because it is in the shaded part, but the point
(
4
,
4
)
(4,4)left parenthesis, 4, comma, 4, right parenthesis is not a solution because it is outside of the shaded part.

Three students rotate the given figure around the origin.
Byron rotates the figure 90° clockwise.
Gaven rotates the figure 90counterclockwise.
Hollie rotates the figure 180°
Drag the result of each student's rotation into the table

Answers

Answer: It is the third to the top

Step-by-step explanation:

90's block each other out add you rotate it 180 degrees you get this.  

Question 2 Which relationship is NOT a function? ​

Answers

Answer:

Top left option

Step-by-step explanation:

According to definition of the function, each input must have exactly one output.

One of the given relationships - T-shirt prices reveals two outputs.

All the rest show one-to-one relationship.

what is this pls help

Answers

-4.5 or -4.3 i’m not really sure i’m just estimating

A manufacturer makes a closed right cylindrical container whose base has radius 7 inches and whose height measures 14 inches. He also makes another cylindrical container whose base has radius 14 inches and whose height measures 7 inches. Which container requires more metal?​

Answers

Answer:

The base is a triangle with a base length of 11 m and a corresponding height of 7 m. The height of the prism is 14 m. 12.

If n is proportional to M squared and n) 27 when m=3 what is the formula for n in terms of M and what is the value of n given m=6

Answers

Answer:

n=9M, when m is 6,n=18

Step-by-step explanation:

If n is proportional to M

n=kM

27=3k

k=27/3

k=9

the formula on terms of n and M is

n= 9M

2) If m= 6,

n= 3M

n=3(6)

n=18

Answer:

n = 108

Step-by-step explanation:

given n is proportional to m² then the equation relating them is

n = km² ← k is the constant of proportion

to find k use the condition n = 27 when m = 3 , then

27 = k × 3² = 9k ( divide both sides by 9 )

3 = k

n = 3m² ← equation of proportion

when m = 6 , then

n = 3 × 6² = 3 × 36 = 108

The price of a machine depreciates by 10% every
year. If the machine is bought for $18000 and sold
after 3 years, what price will it fetch?

Answers




After 3 years = $13,122

The flight of javelin released 6.5 feet from the ground at an initial velocity of 68 feet per second is modeled by the function h=-16^2+6.5 where h is the height of the javelin in feet after r seconds . Determine how many seconds it will take the javelin to reach the maximum height and find the maximum height. Round to the nearest hundredth if necessary

Answers

Using the vertex of the quadratic equation, it is found that a maximum height of 78.75 feet is reached after 2.13 seconds.

What is the vertex of a quadratic equation?

A quadratic equation is modeled by:

[tex]y = ax^2 + bx + c[/tex]

The vertex is given by:

[tex](x_v, y_v)[/tex]

In which:

[tex]x_v = -\frac{b}{2a}[/tex]

[tex]y_v = -\frac{b^2 - 4ac}{4a}[/tex]

Considering the coefficient a, we have that:

If a < 0, the vertex is a maximum point.If a > 0, the vertex is a minimum point.

In this problem, the height is modeled by:

h(t) = -16t² + 68t + 6.5.

The coefficients are a = -16, b = 68, c = 6.5, and the vertex will be given by:

[tex]x_v = -\frac{b}{2a} = -\frac{68}{-32} = 2.13[/tex]

[tex]y_v = -\frac{b^2 - 4ac}{4a} = -\frac{68^2 - 4(-16)(6.5)}{-64} = 78.75[/tex]

A maximum height of 78.75 feet is reached after 2.13 seconds.

More can be learned about the vertex of a quadratic equation at https://brainly.com/question/24737967

what is 445 fl oz into pints and why?

Answers

Answer:

27.8 nearest tenth pints

To find, divide the value by 16

One pint is 16 fl oz. So divide 445 fl oz to get 28.4375, or just 28.44 fl oz

How to calculate grade in class with weighted percentages?.

Answers

Answer:

Multiply the grade on the assignment by the grade weight. In the example, 85 times 20 percent equals 17, and 100 times 80 percent equals 80.

Step-by-step explanation:

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