Suppose that you’d like to retire in 40 years and you want to have a future value of $ 500000 in a savings account. Also suppose that your employer makes regular monthly payments into your retirement account.
If you can expect an APR of 7% for your account, how much do you need your employer to deposit each month?

Employer Contribution =

The formulas we have been using assume that the interest rate is constant over the period in question. Over a period of 40 years, though, interest rates can vary widely. To see what difference the interest rate can make, let’s assume a constant APR of 4% for your retirement account. How much do you need your employer to deposit each month under this assumption?

Employer Contribution =

Answers

Answer 1

a) If only your employer makes the monthly deposits into your retirement account for the future value of $500,000 in 40 years at 7% APR, your employer contributions should be $190.49.

b) If only your employer makes the monthly deposits into your retirement account for the future value of $500,000 in 40 years at 4% APR, your employer contributions should be $423.03.

What is the future value?

The future value represents the amount expected to be the balance in the investment account after a period.

The future value can be used to determine the periodic payments required to meet the target balance, using an online finance calculator.

Periodic Deposits at 7%:

N (# of periods) = 480 months (40 years x 12)

I/Y (Interest per year) = 7%

PV (Present Value) = $0

FV (Future Value) = $500,000

Results:

PMT (Periodic deposits) = $190.49

Sum of all periodic payments = $91,435.07

Total Interest = $408,564.93

Periodic Deposits at 4%:

N (# of periods) = 480 (40 years x 12)

I/Y (Interest per year) = 4%

PV (Present Value) = $0

FV (Future Value) = $500,000

Results:

PMT (Periodic deposits) = $423.03

Sum of all periodic payments = $203,052.33

Total Interest = $296,947.67

Thus, the periodic deposits to meet the future value will depend on the interest rate.

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Related Questions

if grocery price increases 1% per month for a whole year, how much would groceries that cost $100 at the beginning of the year cost at the end of the year

Answers

Answer: it's still $100 because the beginning of the year hasn't started yet so you need to wait for the year to end so the 1 percent can be added

Step-by-step explanation:


Find the slope of the line that goes through the given points.
(-5, -10) and (-6, -1)

Answers

Answer:

-9

Step-by-step explanation:

(y2-y1)/(x2-x1)

[tex]\frac{(-1--10)}{(-6--5)}[/tex]=-9

Answer:

slope m=-9

Step-by-step explanation:

m=−1−−10−6−−5

m=9−1

m = -9

A swordfish is 400 centimeters long. A swordfish is __ meters long.

Answers

Answer:

400

Step-by-step explanation:

1 centimeter = 0.01 meter

400 centimeters = 4 meters

Answer please thank you!

Answers

After performing division on the given expression the quotient is x + 3 and the remainder is -16.

What is an arithmetic operation?

The four basic mathematical operations are the addition, subtraction, multiplication, and division of two or even more integers. Among them is the examination of integers, particularly the order of actions, which is crucial for all other mathematical topics, including algebra, data organization, and geometry.

As per the given information in the question,

x + 3) x² - 7 ( x + 3

         x² + 3x

       = 3x -7                

          3x + 9

        = -16 (Remainder)        

Hence, the quotient obtained after division is x+3.

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3(4.1x-3.9y)-5= (Simplify your answer. Use integers or decimals for any numbers in the expression.) ​

Answers

The value of the expression 3(4.1x - 3.9y) - 5 is 12.3x - 11.7y - 5.

How to illustrate the expression?

Expression simply refers to the mathematical statements which have at least two terms which are related by an operator and contain either numbers, variables, or both.

In this situation, it should be noted that the expression is illustrated as:

3(4.1x - 3.9y) - 5

Open the parentheses

12.3x - 11.7y - 5

Therefore, the value of the expression is 12.3x - 11.7y - 5.

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A water tank initially contained 105 liters of water. It is then filled with more water, at a constant rate of 9 liters per minute How many minutes have passed, m. when the tank contains 181 liters? Round to the nearest hundredth

Answers

Answer:

8.44 minutes

Step-by-step explanation:

The tank initially contained 105 liters so the amount of water needed is 181 - 105 = 76 litters

if the rate is 9 L/min then the number of minutes is

76/9 = 8.44 minutes

how to solve 4 divided by 3

Answers

Answer:

1.33333 , it just keeps going

Step-by-step explanation:

divide 4/3 you can use a long division or a calculator.

Hope this helps!!

Inequalities in the real world
Pls help

Answers

The number line which describes the the measure of third side of the triangle must be greater than 10 cm is the second figure.

What is Number line?

Number line is a straight horizontal line on which numbers are written in a certain intervals.

We can use number line for basic mathematical operations like addition, subtraction, division and multiplication.

Here the situation described is that measure of the third side of the triangle must be greater than 10 cm.

The inequality sign is '> 10'.

Since the inequality sign does not contain the equal to (≥) sign, the point 10 does not belong to this set.

So we will mark an open circle at the point 10 and draw a line afterwards.

Hence the second number line describes the situation that the third side of the triangle must be greater than 10 cm.

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A truck can be rented from Company A for ​$150 a day plus ​$0.50 per mile. Company B charges ​$60 a day plus ​$0.80 per mile to rent the same truck. Find the number of miles in a day at which the rental costs for Company A and Company B are the same.

Answers

At 300 miles the rental costs for Company A and Company B are the same.

What is meant by an equation?

An assertion that two expressions containing variables or numerical values are equivalent is known as an equation. The first step in resolving a variable equation is to identify the values of the variables that lead to the equality being true. The variables that must be changed in order to solve the equation are referred to as the unknowns, and the unknown values that satisfy the equality are referred to as the equation's solutions.

Given :

Vehicle A: 150 + 0.5m = Cost A

Cost B = 60 + 0.8m for truck B.

Given that a one-day scenario was required by the challenge, the two equations are as follows:

Price B =60+0.8m Price A =150+0.5m

By combining the two equations, we get

150 + 0.5m = 60 + 0.8m.

150-60=0.8m-0.5m

90=0.3m

m=90/0.3

m=300 miles

Consequently, there are 300 miles in a day.

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(b) 2(w 2 5 z)+3(2 x -2 -6)=4(4 7 y 3)

Answers

From the given matrices, the values w,x,x and z are 5,-8,4 and -3 respectively.

How to solve matrix equations?

Matrices is the rectangular arrangement of numbers and letters in rows and columns  

An equation is defined as a mathematical expression showing the equality of two sides of the statement

The given matrices are;

[tex]2\left[\begin{array}{ccc}w&2&\\5&z&\/\end{array}\right] -3\left[\begin{array}{ccc}2&x&\\-2&-6&\\\end{array}\right] =4\left[\begin{array}{ccc}4&7\\y&3\\\end{array}\right][/tex]

Opening the brackets in the matrices

[tex]\left[\begin{array}{ccc}2w&4\\10&2z\\\end{array}\right] -\left[\begin{array}{ccc}6&3x\\-6&-18\\\end{array}\right] =\left[\begin{array}{ccc}16&28\\4y&12\\\end{array}\right][/tex]

Adding the Left hand side

[tex]\left[\begin{array}{ccc}2w-6&4-3x\\16&2x+18\\\end{array}\right] =\left[\begin{array}{ccc}16&28\\4y12&6\\\end{array}\right][/tex]

Equate Left hand side with Right hand side to form linear equations

2w-6=16

2w=10

w=5

4-3x=28

-3x=28-4

-3x=24

x=-8

16=4x

4=x

2z+18=12

2x=12-18

2x=-6

x=-3

These are how the various values are gotten

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Kyle invests in an account earning 4.5% interest compounded continuously. How long will it take to double his investment?
Doubling time in years =

Answers

let's take from the basic of one dolla!!!  how long for a buck to turn into two bucks at 4.5%?

[tex]~~~~~~ \textit{Continuously Compounding Interest Earned Amount} \\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\dotfill & \$2\\ P=\textit{original amount deposited}\dotfill & \$1\\ r=rate\to 4.5\%\to \frac{4.5}{100}\dotfill &0.045\\ t=years \end{cases} \\\\\\ 2=1e^{0.045\cdot t} \implies \log_e(2)=\log_e(e^{0.045t})\implies \log_e(2)=0.045t \\\\\\ \ln(2)=0.045t\implies \cfrac{\ln(2)}{0.045}=t\implies 15.4\approx t\qquad \textit{about 15 years and 146 days}[/tex]

if the first term in a geometric system is six and the constant multiple is 3÷4 list out the first five terms in the sequence.

Answers

The first five terms in the sequence are 6, 4.5, 3.375, 2.53125 and 1.8984375

How to list out the first five terms in the sequence?

The first term of the sequence is given as

First term= 6

The constant multiple is given as

constant multiple = 3/4

These parameters can be represented as

a = 6

r = 3/4

The nth term of a geometric sequence is represented as

A(n) = a(r)ⁿ⁻¹

So, we have the following equation

A(n) = 6(3/4)ⁿ⁻¹

For the first term, we have

A(1) = 6

For other terms, we have

A(2) = 6(3/4) = 4.5

A(3) = 6(3/4)² = 3.375

A(4) = 6(3/4)³ = 2.53125

A(5) = 6(3/4)⁴ = 1.8984375

Hence, the other terms are 4.5, 3.375, 2.53125 and 1.8984375

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Simplify the expression (-3r^2+13)+2r(r-6)-4r

Answers

-r^2-16r+13 is the answer

Answer:

A potential energy function is given by U(x) = (3.6)x + (1.2)x3. What is the force function F(x) that is associated with this potential energy function

Step-by-step explanation:

Write an equation of the line that goes through (-2,7) and (4,7)

Answers

Answer:

y=7

Step-by-step explanation:

y is always the same and it is 7

determine the range of the following graph

Answers

The required range of the given function is -4  < y < 6.

What is the range?

Range, it is the set of values that come out to an outcome for certain mathematical operations.

Here,
A graph of a function is shown,
From the graph, it has been determined that,
The function is defined for domain -11 < x < -3.
As every value on the y- axis for the respective domain represents the element of range so,
The respective domain range of the function on the graph is -4  < y < 6.

Thus, the required range of the given function is -4  < y < 6.

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What is the exact value of tan 75°?
A.
OB.
O c.
D.
1-
1+
3
1+
1-4
1+√3
1-v3
1+√3

Answers

The exact value of the tan(75°), found using trigonometric identities for the tangent of the sum of two angles, indicates that the exact value of tan(75°) is (1+√3/3)/(1 - √3/3))

What are trigonometric identities?

Trigonometric identities are equalities of expressions that includes trigonometric functions which are valid for all values of the argument, or the domain of the function.

The exact value of tan(75°) can be found from the formula for the tangent of the sum of two angles as follows;

tan(A + B) = (tan(A) + tan(B))/(1 - tan(A)•tan(B))

tan(75°) = tan(45° + 30°)

tan(45° + 30°) = (tan(45°) + tan(30°))/(1 - tan(45°)•tan(30°))

tan(30°) = √3/3

tan(45°) = 1

tan(45° + 30°) = (1 + √3/3)/(1 - √3/3)

tan(75°) = (1 + √3/3)/(1 - √3/3)

The correct option is therefore option B

[tex]tan(75 ^{ \circ } ) = \dfrac{1 + \frac{ \sqrt{3} }{3} }{1 - \frac{ \sqrt{3} }{3} } [/tex]

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If 2x-4 = 6, what is the value of 3x + 2?

Answers

When 2x-4 = 6, the value of 3x + 2 is 17.

What is the value of 3x + 2?

An equation is the statement that illustrates the variables given. In this case, two or more components are taken into consideration to describe the scenario. It is vital to note that an equation is a mathematical statement which is made up of two expressions that are connected by an equal sign.

When 2x - 4 = 6, the value of x will be:

2x - 4 = 6

2x = 6 + 4

2x = 10

Divide

x = 5

Therefore, 3x + 2 will be:

3x + 2 = 3(5) + 2

= 15 + 2

= 17

The value is 17.

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Let f be the continuous function defined on [-4,3] whose graph, consisting of three line segments and a semicircle centered at the origin, is given above. Let g be the function given by g(x) = integral^x_1, (t) dt. Find the values of g(2) and g(-2). For each of g'(-3) and g"(-3), find the value or state that it docs not exist. Find the x-coordinate of each point at which the graph of g has a horizontal tangent line. For each of these points, determine whether g has a relative minimum, relative maximum, or neither a minimum nor a maximum at the point. Justify your answers. For -4 < x < 3, find all values of v for which the graph of g has a point of inflection. Explain your reasoning.

Answers

a) The value of g(2) = -1/4 and the value of g(-2) = π/2 - 3/2

b) The value of g'(x) = 2 The value of g''(x) =1

c) g has neither a relative maximum nor a relative minimum at x= 1

d) the graph of g has a point of inflection at each of x=-2 ,  x=0 and x = 1 because g''(x) = f'(x) changes at each of these values.

A relation between a collection of inputs and outputs is known as a function. A function is, to put it simply, a relationship between inputs in which each input is connected to precisely one output. Each function has a range, codomain, and domain. The usual way to refer to a function is as f(x), where x is the input. A function is typically represented as y = f. (x).

There are several types of functions in maths. Some important types are:

Injective function or One-to-one function: When there is mapping for a range for each domain between two sets.

Surjective functions or Onto function: When there is more than one element mapped from domain to range.

Polynomial function: The function which consists of polynomials.

Inverse Functions: The function which can invert another function.

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Liseta has $8 to buy blank CDs. If each CD costs $0.26, how many can she buy?

Answers

Answer:

she can buy 30

Step-by-step explanation:

8/0.26 = 30.7

round to 30 because you need a whole number.

If 15 out of 24 students enjoyed math
yesterday, what percentage of students
did not enjoy math yesterday?

Answers

Answer: 37.5

Step-by-step explanation: 9 students didn't fw math, divide 9 by the total (24) n u get 37.5%

Answer:

Below

Step-by-step explanation:

9 out of 24 did NOT

9/24 = .375    =     37.5 %

The four models each show two parallel lines cut by a transversal and some angle measures formed by the
intersection of the lines.

What are the values of angle measures a and b in Model 4?

Move the correct answer to each box. Each answer may be used more than once. Not all answers will be used.

19° 71° 90° 109° 180° 119°

The value of a is ____, and the value of b is ____.

Answers

The value of a is 71°, and the value of b is 109°.

What is a parallel line?

A parallel lines is defined as those type of line that are equidistant to each other which are on the same plane and they doesn't meet each other till infinity.

When two parallel lines are being intersected by another line called the transverse line, the following relationship is bound to occur such as;

Corresponding angles, Alternate Interior Angles, Alternate Exterior Angles and Consecutive Interior Angles.

From model 4, the pair of alternate exterior angles are equal in measure. That is 71° = angle opposite b°.

That is 180 - 71 = 109°

Also in model 4, the pair of alternate interior angles are equal in measure. a = 71°.

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what is capacity . please explain ​

Answers

Answer:

Step-by-step explanation:

the ability to hold, receive, store, or accommodate. : a measure of content : the measured ability to contain : volume. a beaker with a capacity of one liter.

Answer:

Capacity is the maximum amount that something can contain; Volume, or the amount that something can produce.

Capacity is a noun

Hope this helps

This question is based on a time when people needed to log in to email servers to write emails. Assume that Adam logs in to an email server at time zero. He then spends his time exclusively on writing emails. The times that his emails are sent can be modeled by a Poisson process with a rate
λ A

/
hour. His friend Brianna also logs in to the server at time 1 (which means 1 hour later) and starts typing emails independently of Adam. The time that her emails are sent also can be modeled by a Poisson process with a rate
λ B

/
hour. (a) (6 points) Let
Y 1

, and
Y 2

be the times at which Adam's first and second emails were sent. Find
E[Y 2

∣Y 1

]
(b) (8 points) Similar to the last question, let
Y 1

and
Y 2

be the times at which Adam's first and second emails were sent. When Brianna logs in to the server, you are told that Adam has sent exactly one email so far. (b.1) (4 points) What is the conditional expectation of
Y 1

given this information? (b.2) (4 points) What is the conditional expectation of
Y 2

given this information? (c) (8 points) Find out the PMF of the total number of emails sent by two of them together during the interval of
[0,2]
(which means in the first two hours). (d) (8 points) Given that a total of 10 emails were sent during the period of
[0,2]
(the first two hours), what is the probability that exactly four emails were sent by Adam? (e) (10 points) Suppose that
λ A

=4
. Use Chebyshev's (4 points) and Markov's (4 points) inequality to find upper bounds on the probability that Adam sent at least five emails during the time interval [0, 1 ]. Which one provides a better bound ( 2 points)?

Answers

The upper bounds on the probability that Adam sent at least five emails during the time interval is [0, 1].

in math upper bound refers a number that is greater than or equal to any number in a set

Here we have given that, Adam logs in to an email server at time zero. He then spends his time exclusively on writing emails. His friend Brianna also logs in to the server at time 1 (which means 1 hour later) and starts typing emails independently of Adam.

And we need to find the upper bounds on the probability that Adam sent at least five emails during the time interval.

While we looking into the given question, we have identified that Adam Poisson process with a rate λ A/hour and Brianna Poisson process with a rate λ B/hour.

Here let us consider that Y1 and Y2 be the times at which Adam's first and second emails were sent.

Here we know that the Brianna logs in to the server, you are told that Adam has sent exactly one email so far.

So, here the upper limit while logging is 1. So, the lower limit is 0.

Because these is the real life scenario so the negative value is not applicable.

Therefore, the resulting interval is [0, 1].

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You have a job earning $12.50 per hour, and you receive a raise so that you earn $13.25 per hour. What is the percent change in your salary? (round to the nearest tenth, if needed)

Answers

The percent change in your salary is = 6%

Initial earning per hour =  $12.50

New earning per hour after the raise =  $13.25

The formula that we will be using to solve this question is -

= %change = [final value - initial value] ÷ [initial value] × 100

First, find the difference between the initial value and the final value

=  $13.25 - $12.50

=  $0.75

Divide the difference by the initial ( $12.50) value

=  $0.75 ÷ $12.50

=  0.06

Convert the quotient into a percentage

= 0.06 x 100

= 6%

Therefore, the percentage change in your salary is = 6%

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For the job paying $12.50 per hour, the percent change in your salary after the raise is 6%.

What is the percent change in your salary after a raise?

Given data:

Hourly salary after the raise = $13.25Hourly salary before the raise = $12.50

Hourly increase:

= Hourly salary after the raise - Hourly salary before the raise

= $13.25 - $12.50

= $0.75

The percent increase is:

= (Hourly increase / Hourly salary before the raise) * 100

= ($0.75 / $12.50) * 100

≈ 6%.

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sin 0 = 5/13 find tan 0 A 13/12 B 12/5 C 5/12 D 12/13

Answers

Answer: C.5/12

Step-by-step explanation:

Help please!!!!!! Which table represents a linear equation that has a y-intercept of -3?

Answers

Answer: A

Step-by-step explanation:

A y-intercept is a point where a function (i.e a line) intercepts the y-axis.

Every point on the y-axis has a x value of 0.

The ordered pair will look like this (0,y)

In answer a, you have an x value of 0 with a corresponding y value of 3.

This point is (0,3).

You could also graph the points and look for where the function crosses the y-axis.


Many of the strongest earthquakes in the world take place off the coast of Alaska in the Andreanof Islands or in Prince William Sound. In 1957, a 9.1 magnitude earthquake hit this area. What was the
intensity of that earthquake? (Round your answer to two decimal places.)
cm

Answers

Answer:

1,258,925,411.79cm

Step-by-step explanation:

earth quake is measured with the Richter Scale,

R (Magnitue) = log (I / I°)

where I° is the base intensity to the Richter Scale and will be taken as 1

9.1 = log I

10^9.1 = I

thus,

intensity I = 1,258,925,411.79 cm

Using Function Notation
State if the following are functions or not.

Answers

The following given table with input and output is a function.

What is function?

A relation between a domain and range is called a function when each value in the domain only has one value in the range. This notion is violated by relations that are not functions. They have at least one domain value that corresponds to two or more range values.

Write names of type of functions.

Into, onto, bijective and surjective are the types of function.

As every input has only one output so the given table is function.

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The following given table with input and output is a function.

What is function?

A function is a self-contained block of code that performs a specific task. It is a logical grouping of instructions and operations that can be used multiple times throughout a program. Functions help to keep code organized and modular, making it easier to debug and maintain. They also allow for code reuse, which can result in faster development times and greater efficiency. Furthermore, functions can be used to pass data between different parts of a program, making it easier to share information and reduce the need for redundant code.

Write names of type of functions.
Into, onto, bijective and surjective are the types of function.
As every input has only one output so the given table is function.

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a. 5.2
b. 8.5
c. 7.4
d. 6.3

Answers

Answer:

c.7.4

Step-by-step explanation:

<BDE=90°

Now,in RT.angled triangle BDE,

BD=√(BE)²-(DE)²

or, BD=√64-9

or,BD=√55

:.BD=7.41

Write an equation to show that 68 is 8 times an many as 6.

Answers

8x+6=68 is the equation to demonstrate that 68 is 8 times as numerous as 6.

What is meant by an equation?

An equation is something like 3x - 5 = 16. By solving for x, we discover that x equals 7, which is the value for the variable. By deleting parentheses and merging like terms, you can simplify either side of an equation and find its solution.

Identify the variable term on one side of the equation by adding or subtracting. You can find the variable's value by multiplying or dividing. When two expressions are connected with the equals sign (=) in a mathematical formula, it expresses the equality of the two expressions. Depending on the language, the definition of the word equation and its cognates may alter slightly. For instance, an equation is what is meant in French.

8x+6=68 is the equation to demonstrate that 68 is 8 times as numerous as 6.

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Chronic, non-communicable diseases account for disproportionate costs to the healthcare system. According to the world health organization, what percent of preventable deaths and disabilities occur in the americas related to chronic non-communicable diseases? at a ocean - continent convergent boundary, what is the mechanism of melting that creates the first magma? 15. Which sample of argon gas has the same number of atoms as a 100.-milliliter sample of helium gas at 1.0 atm and 300. K? A) 50. mL at 1.0 atm and 300. K (B) 50. mL at 0.5 atm and 300. K C) 100. mL at 0.5 atm and 300. K D) 100. mL at 1.0 atm and 300. K The snack bar sold 75% of its inventory of bags of chips. If the snack bar still has 37 bags of chips, how manybags did they sell? The triangle congruency theorem can be used to prove onp. Three less than the product of 7and a number is 4 . 7. Though symbolism and abstract design, Marsden Hartley was able to expressO A. his innermost feelings and experiences.OB. his political and social beliefs.O C. hisidentity.O D. his aesthetic. Tim's mathematics teacher asked him to explain the expression -8. 7. Which answer should Tim give?A The expression represents 7 groups of 8 positives.B The expression represents 8 groups of 7 positives.(C) The expression represents 7 groups of 8 negatives.(D) The expression represents 8 groups of 7 negatives. use a single digit times a power of 10 to estimate how many times greater the amount of water is at the Georgia Aquarium Help me thank y so much leght multipy by breath Many metabolites are maintained at steady-state concentrations that are far from equilibrium. A comparison of K' and Q, the mass-action ratio, can determine whether a metabolic reaction is far from equilibrium.The equation for this equilibrium is,fructose 6-phosphate + ATP fructose 1,6-bisphosphate + ADPCalculate K' for this reaction at T=25.0C G'=-14.2 kJ/molK'=Calculate the mass-action ratio, Q, from the approximate physiological concentrations for rat heart tissue shown in the table.Q= question 6 the ceo asks a team member to do some work outside the goals of the current sprint in progress. what should the team member do? which of the following statements are true based on these graphs? check all that apply. the current quantity of output is greater than potential output. the natural level of output is $6 trillion. the unemployment rate is currently 9% higher than the natural rate of unemployment. Salma got offered two different job with telecommunication companie with different citie. She ha the option to elect which city he would like to work. A job in Milan offer 70,000 per year. A job in New York offer $102,900 per year. The exchange rate are:1 = 1. 181 = $1. 72Which job ha the higher alary? Each of the following atoms will form a diatomic molecule. Determine if it will bond with a single, double, or triple bond. y + 3 = (x - 6)Identify the slope and a point on a line, then graph the lineHow would I graph it with no slope and only one point? JP Sports sold football boots on its first day of release. SoccerWorld sold 3 as many boots as JP Sports. DirectSportz sold 5 more boots than JP Sports. Each pair of football boots costs 70 The amount of sales from this particular boot totalled 7000 Work out how many pairs were sold by SoccerWorld. Anyone know thisThe Whittman family took a car trip. They traveled 1/5 the distance from San Antonio to Austin on Monday and 2/9 the distance on Tuesday. What fraction of the distance between San Antonio and Austin did the Whittman family travel on Monday and Tuesday? Is this table proportional?width of photo (inches)2458height of photo (inches)36710