Mitch opened a retirement account that has an annual yield of 4.2% compounding annually. He is planning on retiring in 13 years. How much must he deposit into that account each year so that he can have a total of $1,000,000 by the time he retires?

Answers

Answer 1

Answer:

P = 4878

Step-by-step explanation:

So we'll use the formula

A = p(1+r/n)^ (nt)

A = 1000000

P is the unknown

R = 4.2

N = 13

T = 13

1000000= p ( 1+ 0.42/13)^ 169

1000000 = p (1.032)^169

1000000= p 205

P = 4878


Related Questions

Using the data in the table, use the exponential smoothing method with alpha=0.5 and a February forecast of 500 to forecast
sales for May

Month Demand
January 480
February 520
March 535
April 550
May 590
June 630

Answers

Answer:

Step-by-step explanation:

The formula to calculate the forecast could be determine by using the exponential smoothing method :

[tex]Ft = F(t-1) + \alpha [A(t-1) - F(t-1)][/tex]

Where ,Ft is the Forecast for period t

F(t-1) is the Forecast for the period previous to t

A(t-1) is the Actual demand for the period previous to t

[tex]\alpha[/tex] = Smoothing constant

To get the forecast for may and june   the above formula with [tex]\alpha =0.5[/tex] and april forecast of 500 will be used

For march

[tex]=500+0.5(520-500)\\\\=500+0.5\times20\\\\=500+10\\\\=510[/tex]

For April

[tex]=510+0.5(535-510)\\\\=510+0.5\times25\\\\=510+12.5\\\\=522.5[/tex]

For May

[tex]=522.5+0.5(550-5225)\\\\=522.5+0.5\times27.5\\\\=522.5+13.75\\\\=536.25[/tex]

So forecast for May = 536.25

Write the equation of the line shown in the graph above in slope-intercept form. Question 3 options: A) y = –2∕3x + 1 B) y = –x + 2∕3 C) 2x + 3y = 3 D) y = 2∕3x + 1

Answers

Answer:

A) y = -2/3x + 1

Step-by-step explanation:

Slope - intercept form is y = mx + b, where m is the slope and b is the y - intercept.

The line is falling from left to right, so it has a negative slope.

    y = -mx + b

The line has a slope of -2/3.

    y = -2/3x + b

The line has a y - intercept of 1.

    y = -2/3x + 1

I hope this helps :)

A) y = -2/3x + 1, the equation of the line shown in the graph above in slope-intercept form.

What is a straight line?

A straight line is an endless one-dimensional figure that has no width. It is a combination of endless points joined both sides of a point and has no curve.

here, we have,

Slope - intercept form is y = mx + b,

where m is the slope and b is the y - intercept.

The line is falling from left to right, so it has a negative slope.

 y = -mx + b

As, the line passes through (0,1) and (1.5,0)

The line has a slope of -2/3.

 y = -2/3x + b

The line has a y - intercept of 1.

y = -2/3x + 1

hence, A) y = -2/3x + 1, the equation of the line shown in the graph above in slope-intercept form.

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-5,-20,-80 find the common ratio

Answers

Answer:

The common ratio is 4

Step-by-step explanation:

To find the common ratio take the second term and divide by the first term

-20/-5 = 4

To verify take the third term and divide by the second

-80/-20 = 4

The common ratio is 4

Answer:

4

Step-by-step explanation:

To find the common ratio, divide one term by the term before it.

-20 ÷ -5 = 4

-80 ÷ -20 = 4

Each number is multiplied by 4 to get to the next number.

I hope this helps :))

Mary is three quarters of Cameron's age. Mary is 24 years old. How old is Cameron?

Answers

Answer:

32 years old

Step-by-step explanation:

3/4=24 so 1/4= 24÷3= 8

1/4=8

So to get 4/4 or Cameron's age it is 8×4=32yrs

[tex]answer \\ 32 \: years \: old \\ solution \\ mary's \: age = 24 \\ let \: cameron's \: age \: be \: x \\ given \\ \frac{3}{4} x = 24 \\ or \: x = 24 \times \frac{4}{3} \\ x = 32 \\ hope \: it \: helps[/tex]

Lightbulbs of a certain type are advertised as having an average lifetime of 750 hours. The price of these bulbs is very favorable, so a potential customer has decided to move forward with a purchase agreement unless it can be demonstrated that the true average lifetime is smaller than what is advertised. A random sample of 50 lightbulbs was selected, the lifetime of each bulb determined, and the appropriate hypotheses were tested using computer software, which gave the following results.
Variable N Mean St Dev SEMean Z P-Value
lifetime 50 738.44 38.20 5.40 -2.14 0.016
1. What conclusion would be appropriate for a significance level of.05?
2. What significance level would you recommend?

Answers

Answer:

a) For this case since the p value is lower than the significance level of 0.05 we have enough evidence to reject the null hypothesis and we can conclude that the true mean is significantly lower than 750 hours

b) We can use a significance level minimum of 2% in order to ensure the conditions in favor to the alternative hypothesis and then the potential customer will decide to move forward with a purchase witht his condition.

Step-by-step explanation:

For this case we have the following info given after conduct the following system of hypothesis:

Null hypothesis: [tex]\mu \geq 750[/tex]

Alternative hypothesis: [tex]\mu< 750[/tex]

The output is:

Variable N Mean St Dev SEMean Z P-Value

lifetime 50 738.44 38.20 5.40 -2.14 0.016

For this case the statistic calculated was:

[tex] z = -2.14[/tex]

And the p value calculated is:

[tex] p_v =p(z<-2.14) = 0.016[/tex]

Part a

For this case since the p value is lower than the significance level of 0.05 we have enough evidence to reject the null hypothesis and we can conclude that the true mean is significantly lower than 750 hours

Part b

We can use a significance level minimum of 2% in order to ensure the conditions in favor to the alternative hypothesis and then the potential customer will decide to move forward with a purchase witht his condition.

Quick Start Company makes a 12-volt car batteries. After many years of product testing, the company knows the average life of a Quick Start battery is normally distributed, with mean=45 months and a std. deviation = 8 months.

If Quick start guarantees a full refund on any battery that fails within the 36 month period after purchase, what percentage of its batteries will the company expect to replace?

If quick Start does not want to make refunds for more than 10% ofits batteries under the full refund guarantee policy, for how longshould the company guarantee the batteries (to the nearest month)

Answers

Answer:

The company will expect to replace 13.03% of batteries.

The company should guarantee the batteries for 35 months.

Step-by-step explanation:

Problems of normally distributed samples can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this question, we have that:

[tex]\mu = 45, \sigma = 8[/tex]

If Quick start guarantees a full refund on any battery that fails within the 36 month period after purchase, what percentage of its batteries will the company expect to replace?

This is the pvalue of Z when X = 36. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{36 - 45}{8}[/tex]

[tex]Z = -1.125[/tex]

[tex]Z = -1.125[/tex] has a pvalue of 0.1303.

The company will expect to replace 13.03% of batteries.

If quick Start does not want to make refunds for more than 10% ofits batteries under the full refund guarantee policy, for how longshould the company guarantee the batteries

They should guarantee to the 10th percentile, which is X when Z has a pvalue of 0.1. So it is X when Z = -1.28.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]-1.28 = \frac{X - 45}{8}[/tex]

[tex]X - 45 = -1.28*8[/tex]

[tex]X = 34.76[/tex]

Rounding to the nearest month

The company should guarantee the batteries for 35 months.

Write an expression without exponent that is equivalent to 2 to 3rd power nd 4 to the 3rd power

Answers

Answer:

8 and 64

Step-by-step explanation:

[tex]2^3[/tex] and [tex]4^3[/tex]

[tex]2^3=8[/tex]

[tex]4^3=64[/tex]

The data represents the heights of eruptions by a geyser. Use the heights to construct a stemplot. Identify the two values that are closest to the middle when the data are sorted in order from lowest to highest.

Height of eruption
62 33 50 90
80 50 40 70
50 63 74 53
55 64 60 60
78 70 43 82

Required:
Identify the two values that are closest to the middle when the data are sorted in order from lowest to highest. The values closest to the middle are_________inches and_______inches.

Answers

Answer:

[tex] Median = \frac{60+60}{2}=60[/tex]

And we see that the closest values to 60 are 62 and 63 and then the answer would be:

The values closest to the middle are 62 inches and 63 inches.

Step-by-step explanation:

We have the following dataser given:

62 33 50 90  80 50 40 70  50 63 74 53  55 64 60 60  78 70 43 82

We can sort the values from the lowest to the highest and we got::

33 40 43 50 50 50 53 55 60 60 62 63 64 70 70 74 78 80 82 90

Now we see that we have n=20 values and the values closest to the middle and we can use the middle as the median and for this case the median can be calculated from position 10 and 11th and we got:

[tex] Median = \frac{60+60}{2}=60[/tex]

And we see that the closest values to 60 are 62 and 63 and then the answer would be:

The values closest to the middle are 62 inches and 63 inches.

The values closest to these middle elements are 60 and 63 inches

The dataset is given as:

62 33 50 90 80 50 40 70 50 63 74 53 55 64 60 60 78 70 43 82

Next, we sort the data elements in ascending order

33 40 43 50 50 50 53 55 60 60 62 63 64 70 70 74 78  80 82 90

The length of the dataset is 20.

So, the elements at the middle are the 10th and the 11 elements.

From the sorted dataset, these elements are: 60 and 62

Hence, the values closest to these middle elements are 60 and 63

Read more about median at:

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It took jack 4 and half minutes to do 100 multiplication facts how long it takes him to do 150

Answers

Answer:

6.75 min

Step-by-step explanation:

100 facts/4.5 min = 150 facts/x min

x=(150*4.5)/100=6.75

What is simplified form of the fifth square root of x times the fifth square root of x times the fifth square root of x times the fifth square root of x

Answers

Answer: This was a bit hard to understand, x times the 5th root of x

Step-by-step explanation:

When you multiply square roots of the same root and inside value, they essentially get rid of the square roots. So the first two terms boil down to just x. Then multiply x by the 5th root of x to get:

[tex]x\sqrt[5]{x}[/tex]

Answer:

[tex]x[/tex]

Step-by-step explanation:

Apply exponent rules.

[tex]\sqrt{x} =x^\frac{1}{2}\\\:a^b\times \:a^c=a^{b+c}[/tex]

[tex]\sqrt[5]{x} \times\sqrt[5]{x} \times\sqrt[5]{x} \times\sqrt[5]{x} \times\sqrt[5]{x}[/tex]

[tex]x^{\frac{1}{5}+\frac{1}{5}+\frac{1}{5}+\frac{1}{5}+\frac{1}{5}}[/tex]

[tex]x^1[/tex]

If log10y=2, what does y equal?

Answers

Answer:

[tex]y=100[/tex]

Step-by-step explanation:

I don't know if by the 10 you mean the base is 10 or it's being logged with the y, but I'm assuming the base is 10. If that's not right, message me and I'll fix my answer. If,

[tex]log_an=x\\a^x=n[/tex]

Then,

[tex]log_1_0y=2\\10^2=y\\100=y[/tex]

The average number of children a Japanese woman has in her lifetime is 1.37. Suppose that one Japanese woman is randomly chosen. a. In words, define the random variable X. b. List the values that X may take on. c. Give the distribution of X.X~ _____(_____,_____) d. Find the probability that she has no children. e. Find the probability that she has fewer children than the Japanese average.

Answers

Answer:

a. X: amount of children that a Japanese woman has in her lifetime.

b. X can take natural numbers (all positive integers) as values.

c. X~Poi(1.37).

d. P(X=0)=0.2541

e. P(X<1.37)=0.6022

Step-by-step explanation:

a) This can be modeled with a Poisson distribution.

We let the variable X be the amount of children that a Japanese woman has in her lifetime.

The parameter of the Poisson distribution is λ=1.37.

This is also the value of the mean and the standard deviation.

b) X can take all positive integer values.

c) X is modeled as a Poisson variable with λ=1.37.

d) This can be calculated as:

[tex]P(0)=\lambda^ke^{-\lambda}/k!=1.37^{0} \cdot e^{-1.37}/0!=1*0.2541/1=0.2541\\\\[/tex]

e) Having fewer children than the average means that she has one or none children.

This can be calculated as:

[tex]P(X<1.37)=P(0)+P(1)\\\\\\P(0)=1.37^{0} \cdot e^{-1.37}/0!=1*0.2541/1=0.2541\\\\P(1)=1.37^{1} \cdot e^{-1.37}/1!=1.37*0.2541/1=0.3481\\\\\\P(X<1.37)=0.2541+0.3481=0.6022[/tex]

The sum of a number and twenty-one is sixty-four.

Answers

Answer:

43

Step-by-step explanation:

If X + 21 = 64

then subtract 64 by 21 and you get 43

43 is the answer I believe

I will mark brainly-ist to who ever helps me

Find the value of the logarithm.
log 110
Round your answer to the nearest thousandth.

Answers

3.45 I have to answer in order to get my answer so...

Answer:

4.700

Step-by-step explanation:

Find the number in the thousandth place  0  and look one place to the right for the rounding digit 4. Round up if this number is greater than or equal to 5 and round down if it is less than 5.

brainliesssss plssssssssssssss

How do I find the value of x for which line a is parallel to line b?

Answers

Answer:

x = 20

Step-by-step explanation:

3x + 6x = 180, if you make them supplementary then they will be parallel

9x = 180

x = 20

What is the mixed number3 3/8 as a fraction

Answers

Answer:   Mixed Number to Fraction

Mixed Numbers to Improper Fraction

Mixed Numbers Improper Fraction

3 3/4                      15/4

3 3/8                      27/8

3 8/9                      35/9

Hope this helps!!

Want to donate to a better cause? Consider micro-lending. Micro-lending is a process where you lend directly to entrepreneurs in developing countries. You can start lending at $25. Kiva.org boasts a 99% repayment rate. The average loan to an entrepreneurs is $388.44 and the average loan amount is $261.14. With a total amount loaned of $283,697,150, how many people are lending money if the average number of loans per lender is 8?

Answers

Answer:

  135,797

Step-by-step explanation:

If the total loan amount is $283,697,150 and the average loan amount is $261.14, then the number of loans is ...

  $283,697,150/$261.14 = 1,086,379.5

If the average number of loans per lender is 8, then the number of lenders is ...

  1086379.5/8 = 135,797 . . . . people lending money

Please answer this correctly

Answers

Answer:

1

Step-by-step explanation:

Set the height of the bar to 1 because there is only 1 number between 40-49 i.e. 49

Example and answer,will give brain

Answers

Answer:

b) -2/5

Step-by-step explanation:

b is -2/5 because its negative and goes down at a rate of 0.4 or 2/5

a , ummmm IDK that, sorry

Brainliest, crown to me

Working on Summer Vacation. An Adweek/Harris (July 2011) poll found that 35% of U.S. adults do not work at all while on summer vacation. In a random sample of 10 U.S. adults, let x represent the number who do not work during summer vacation

a. For this experiment, define the event that represents a "success"

b. Explain why x is (approximately) a binomial random variable

c. Give the value of p for this binomial experiment

d. Find P(x = 3)

e. Find the probability that 2 or fewer of the 10 U.S. adults do not work during summer vacation

Answers

A becuase i worked it out and i got that so im really confident

The ability of ecologists to identify regions of greatest species richness could have an impact on the preservation of genetic diversity, a major objective of the World Conservation Strategy. A study used a sample of n = 33 lakes to obtain the estimated regression equation
y = 3.89 + 0.033x1 + 0.024x2 + 0.023x3 − 0.0080x4 − 0.13x5 − 0.72x6
where y = species richness, x1 = watershed area, x2 = shore width, x3 = poor drainage (%), x4 = water color (total color units), x5 = sand (%), and x6 = alkalinity.
The SSR and SSE have been calculated to be:_________.
SSR = 752.25 and SSE = 300.9.

Answers

ANSWER:

I believe you wish to calculate the sum of squares total (SST) for this regression analysis. The sum of squares total is 1053.15

Step-by-step explanation:

The sum of squares total is numerically derived by adding the sum of squares regression (regression sum of squares) to the sum of squares error (error sum of squares). The regression sum of squares here is 752.25 and the error sum of squares is 300.9

This gives us a total sum of squares of 1053.15

Sums of squares tell if a linear regression of one variable (or variables) on another is good or not.

The squared differences between the observed dependent variable and its mean is a measure of the total variability of the data set.

So the SST is equal to 752.25 + 300.9 = 1053.15

Select the correct answer
Why are online payment services necessary?
OA
Individuals who sell items online cannot afford to deal with credit card companies.
B.
It is too risky to use credit cards online, and online payment services have better security
C. Government regulations require all online transactions be made using online payment services.
D.
Online payment services are the only payment method that individuals who sell items online trust.
Reset
Nalut

Answers

Answer:

B

Step-by-step explanation:it is really too risky to use credit card online because for someone who doesnt now if the busines is really considered as a trustful source or just a scam.

Answer:

Its A.) Individuals who sell items online cannot afford to deal with credit card companies.

Step-by-step explanation:

On plato

Factorizar e indicar cuántos factores primos tiene -3+3x^2+y-x^2*y-y^2+x^2*y

Answers

the answer is -3+3x2+y-y2

Deepak is a landscaper who charges $30 for each job he does plus an additional $15 for each hour he works. He only accepts jobs if he will earn at least $90 the job. He writes this inequality to determine x, the number of hours he must work during each job in order to accomplish this.

30 + 15 x greater-than-or-equal-to 90

Which best describes the restrictions on the jobs Deepak will accept?
He only accepts jobs that last 4 or more hours.
He only accepts jobs that last 5 or more hours.
He only accepts jobs that last 8 or more hours.
He only accepts jobs that last 9 or more hours.

Answers

Hey there! I'm happy to help!

The only thing we have to do is solve our inequality to find the answer!

30+15x ≥ 90

We subtract 30 from both sides.

15x ≥ 60

Finally, we divide both sides by four.

x ≥ 4

Therefore, Deepak can only accept jobs that last 4 or more hours.

I hope that this helps! Have a wonderful day!

The solution for the inequality is x≥4. Therefore, option A is the correct answer.

Given that, Deepak is a landscaper who charges $30 for each job he does plus an additional $15 for each hour he works.

What are inequalities?

Inequalities are the mathematical expressions in which both sides are not equal. In inequality, unlike in equations, we compare two values. The equal sign in between is replaced by less than (or less than or equal to), greater than (or greater than or equal to), or not equal to sign.

The inequality for the given situation is 30+15x≥90

Subtract 30 on the both the sides of an inequality, which is

30+15x-30≥90-30

⇒ 15x≥60

Divide 15 on the both the sides of an inequality, that is

15x/15≥60/15

⇒ x≥4

The solution for the inequality is x≥4. Therefore, option A is the correct answer.

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Amit found and labeled the areas of each of the faces of the triangle prism as shown which area calculation did Amit calculate incorrectly

Answers

Complete Question:

Amit found and labeled the areas of each of the faces of the triangular prism as shown.

Which area calculation did Amit calculate incorrectly?

Rectangular face with area 30 cm2

Rectangular face with area 40 cm2

Rectangular face with area 50 cm2

Triangular faces with areas 48 cm2

Answer:

Triangular faces with areas 48 cm2

Step-by-step Explanation:

To find out which area calculation Amit got wrong, let's calculate each faces of the given triangular prism attached below:

There area of theb5 faces should be as follows:

Area  of rectangular face with L = 10 and B = 5 would be ==> 10*5= 50cm²

Area  of rectangular face with L = 8 and B = 5 would be 8*5 = 40cm²

Area  of rectangular face with L = 6 and B = 5 would 6*5 = 30cm²

Area  of each of the triangular faces will be ½*8*6 = 48/2 = 24cm²

From our calculations, we'd observe that Amit didn't calculate the area of the triangular faces correctly. Amit got 48cm² instead of 24cm²

Answer:

Triangular faces with areas 48 cm2

Step-by-step explanation:

What is another way to write 2×5 without using the multiplication sign?

Answers

Answer:

see below

Step-by-step explanation:

You could write it as 2+2+2+2+2 or 5+5 bc multiplication is like repeated addition.

Answer:

You can use the repeated additional as given below.

Step-by-step explanation:

2+2+2+2+2 or 5+5

13. Carla drew two acute non-overlapping
angles that share a ray and labeled them
ZJLK and Z KLM. The two angles have
different measures. Carla says
ZILM is
greater than a right angle.
An acute angle is open
less than a right angle.​

Answers

Answer:

An acute angle is open

Step-by-step explanation:

An acute angle is an angle that is less than [tex]90^{0}[/tex]. Two or more acute angles are set to be complementary if their sum equals a right angle.

Clara's diagram involves two acute angles JLK and KLM with both sharing the side LK.

If the acute angles are complementary angles, then JLM would be a right angle.

If the acute angles are not complementary angles, then JLM would be less than a right angle.

So the appropriate choice to select is an acute angle is open. Which implies that JLM may be a right angle or not depending on the degrees of the acute angles involved.

Which number best represents the location of the point on the line?
X
-4.44
-T
11
3
_V17
RETRY

Answers

Answer:

- 11 over 3 Just did it on edg 2021

Find the VOLUME of this composite solid.

Answers

Answer:

  (294π +448) cm³ ≈ 1371.6 cm³

Step-by-step explanation:

The half-cylinder at the right end has a radius of 7 cm, as does the one on top. Together, the total length of these half-cylinders is 8 cm + 4cm = 12 cm. That is equivalent in volume to a whole cylinder of radius 7 cm that is 6 cm long.

The cylinder volume is ...

  V = πr²h = π(7 cm)²(6 cm) = 294π cm³

__

The cuboid underlying the top half-cylinder has dimensions 4 cm by 8 cm by 14 cm (twice the radius). So, its volume is ...

  V = LWH = (4 cm)(8 cm)(14 cm) = 448 cm³

Then the total volume of the composite figure is ...

  (294π +448) cm³ ≈ 1371.6 cm³

Find x

PLEASE HELP ME !! 11 POINTS !

Answers

Answer:

5

Step-by-step explanation:

Since this is a right triangle we can use trig functions

sin theta = opp /hyp

sin 30 = x / 10

10 sin 30 = x

10 * 1/2 = x

5 =x

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