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san4es73 [151]
2 years ago
9

If you set aside $9000 at the end of each year for the next 22 years in a Roth IRA, how much will you have at your retirement 22

years from today if your IRA earns 7.8% annual percentage rate (APR) with quarterly compounding?

Mathematics
1 answer:
madam [21]2 years ago
7 0

Answer:

$501,049.37

Step-by-step explanation:

For computing the amount after 22 years we need to applied the future value which is shown in the attachment below:

Given that

PMT = $9,000

NPER = 22 years  

Annual rate = 0.078

Quarterly= 0.078 ÷ 4 = 0.0195

Effective annual rate = (1.0195^4) - 1 = 0.0803113041

Now applied the formula which is given below

= -FV(RATE;NPER;PMT;PV)

After applying the above formula, the future value is $501,049.37

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What is the rate of change of the amount earned with respect to hours worked for this function?
aleksley [76]

Question:

The graph shows the amount of money Miguel earns after working x hours. What is the rate of change of the amount earned with respect to hours worked for this function? hours per dollar hours per dollar 3 dollars per hour 13 dollars per hour

Answer: 13 dollars per hour

Step-by-step explanation:

The rate of change (ROC) for the point defined on the graph can be deduced by calculating the ratio of the difference between the two coordinate points given, similar to calculating the gradient or slope :

Point a = (5, 65) = (x2, y2)

Point b = (2, 26) = (x1, y1)

Calculating the gradient or slope :

Rate of change = (y2 - y1) / (x2 - x1)

Rate of change = (65 - 26) / (5 - 2)

Rate of change = 39 / 3

= 13 dollars per hour

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2 years ago
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Find cot 0 if cos 0=3/13
natta225 [31]
3/4 root 10
you make a right triangle. use Pythagorean theorem. and find the opposite side. then reduce the radical of 160. and do tan and then flip them around to make cot.
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What is the domain of the given function? {(3, –2), (6, 1), (–1, 4), (5, 9), (–4, 0)}
Veronika [31]
The domain is all the x values that makes the graph work so its -4,-1,3,5,6
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2 years ago
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The positive difference between the two roots of the quadratic equation $3x^2 - 7x - 8 = 0$ can be written as $\frac{\sqrt{m}}{n
Sergio [31]

3x² - 7x - 8 = 0

We're asked about square roots so we won't try to factor; we'll go right for the quadratic formula,

x = ( 7 ± √(7² - 4(3)(-8))    )/(2(3)) = (7 ± √(49+96))/6 = 7/6 ± √145/6

145 = 5×29, so no square factors.  The positive difference is

d =  (7/6 + √145/6) - (7/6 - √145/6) = 2√145/6 = √145/3

so m=145, n=3 for a sum of

Answer: 148

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2 years ago
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The position of an open-water swimmer is shown in the graph. The shortest route to the shoreline is one that is perpendicular to
Elenna [48]

Answer:

y = -\frac{4}{3}x + 9

Step-by-sep explanation:

To create an equation that represents the shortest oath of the swimmer that is perpendicular to the shoreline, we need to find the slope, m, and the y-intercept, b.

The slope of the path would be the negative reciprocal of the slope of the shoreline, since they are perpendicular.

Let's find the slope of the shoreline.

Using two points on the shoreline, (0, 1) and (4, 4),

Slope (m) = \frac{y_2 - y_1}{x_2 - x_1} = \frac{4 - 1}{4 - 0} = \frac{3}{4}

Therefore the slope, m, of the swimmer's path that is perpendicular to the shoreline would be -⁴/3.

Use the point of the swimmer and the slope of the path to find b.

Substitute m = -⁴/3, (x, y) = (6, 1) in y = mx + b

1 = (-\frac{4}{3})(6) + b

1 = -8 + b

Add 8 to both sides

1 + 8 = b

9 = b

b = 9

Now that we know the slope, m = -⁴/3, and the y-intercept, b = 9, plug in their values into y = mx + b.

The equation of the path would be:

y = -\frac{4}{3}x + 9

5 0
2 years ago
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