The formula for the future value of an annuity is FV = Pmt * (((1 + r)n - 1) / r) to calculate the balance of the IRA at age 65. To compare this amount to the total deposits made over the time period, Total Deposits = Pmt * n = $45,600.
How will you calculate the balance of the IRA?To calculate the balance of the IRA at age 65, we need to use the formula for the future value of an annuity:
FV = Pmt * (([tex](1 + r)^n[/tex] - 1) / r)
Where:
Pmt = $95 (the monthly deposit amount)
r = 4% / 12 = 0.003333 (the monthly interest rate)
n = (65 - 25) * 12 = 480 (the total number of months, assuming retirement at age 65)
Plugging in these values, we get:
FV = 95 * (([tex](1 + 0.003333)^480[/tex] - 1) / 0.003333)
FV = $98,052.52
Therefore, the IRA will contain $98,052.52 at age 65.
Part 2
To compare this amount to the total deposits made over the time period, we can calculate the total deposits as:
Total Deposits = Pmt * n
Plugging in the values, we get:
Total Deposits = 95 * 480
Total Deposits = $45,600
Therefore, the IRA will contain significantly more than the total deposits made over the time period, due to the power of compounding interest.
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The ratio of boys to girls in a class is 4:5 a)What fraction of the class are boys b) what a fraction of the class are boys!
the fraction of the class that are boys is 4/9. And the fraction of the class that are girls is 5/9.
What is ratio?
A ratio is a comparison of two or more quantities that are related in some way. It expresses the relationship between these quantities in terms of the number of times one quantity contains another. Ratios are usually expressed as a fraction, where the numerator represents the first quantity and the denominator represents the second quantity. For example, the ratio of boys to girls in a class of 40 students may be expressed as 2:3 or 2/3, meaning there are 2 boys for every 3 girls. Ratios can also be expressed in other forms, such as percentages or decimals. Ratios are commonly used in mathematics, science, engineering, and everyday life to compare quantities and make predictions or decisions.
A fraction is a number that represents a part of a whole or a ratio of two quantities. It consists of two numbers, a numerator and a denominator, separated by a line. The numerator represents the number of parts being considered, while the denominator represents the total number of parts in the whole or in the comparison. Fractions are used in many areas, such as mathematics, science, engineering, cooking, and everyday life. They can be added, subtracted, multiplied, and divided, and can be converted to decimals or percentages.
a) The total ratio of boys to girls in the class is 4+5 = 9. Therefore, the fraction of the class that are boys is 4/9.
b) The question is unclear as it seems to be asking for the same answer as in part (a). If you meant to ask for the fraction of the class that are girls, you can use the same approach: the fraction of the class that are girls is 5/9.
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each classroom has 6 rows of 5 desks. how many desks are thre in 45 classrooms?
There are 1,350 desks in 45 classrooms that each have 6 rows of 5 desks.
What is an expression?An expression contains one or more terms with addition, subtraction, multiplication, and division.
We always combine the like terms in an expression when we simplify.
We also keep all the like terms on one side of the expression if we are dealing with two sides of an expression.
Example:
1 + 3x + 4y = 7 is an expression.com
3 + 4 is an expression.
2 x 4 + 6 x 7 – 9 is an expression.
33 + 77 – 88 is an expression.
We have,
Each classroom has 6 rows of 5 desks.
So the total number of desks in one classroom.
= 6 rows x 5 desks per row
= 30 desks
To find the total number of desks in 45 classrooms, we can multiply the number of desks in one classroom by the number of classrooms.
= 30 desks per classroom x 45 classrooms
= 1,350 desks
Therefore,
There are 1,350 desks in 45 classrooms that each have 6 rows of 5 desks.
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Who knows this? I need help
#16
Answer:
Step-by-step explanation:
adjacent: [tex]\angle BOC, \angle EOD[/tex] (both are adjacent)
complementary: [tex]\angle BOC[/tex]
supplementary: [tex]\angle EOD[/tex]
vertical angles: [tex]\angle AOE[/tex]
Dave bought a new game for $28. The tax rate was %7. How much was the tax and the total price?
The tοtal price οf the game including tax is $29.96.
What are the variοus types οf taxes?Physical assets such as prοperty and transactiοns such as the sale οf stοck οr a hοme are subject tο taxatiοn. Taxes include incοme, cοrpοrate, capital gains, prοperty, inheritance, and sales taxes.
Because the tax rate is 7%, the tax amοunt is 7% οf the purchase price. Tο calculate the tax, multiply the purchase price by the tax rate expressed as a decimal:
0.07 x $28 = $1.96 in taxes
As a result, the purchase tax is $1.96.
Tο calculate the tοtal price, add the purchase price and the tax:
Purchase price + Tax = Tοtal Price
Tοtal cοst: $28 + $1.96 = $29.96
As a result, the tοtal cοst οf the game, including tax, is $29.96.
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Sally opens a savings account with $9,000 that earns 7% interest per year, not compounded How much interest, to the nearest penny, will Sally earn in 7 years?
Answer: Sally will earn $4,830.00 in interest over 7 years.
Step-by-step explanation:
If the interest is not compounded, then Sally will earn simple interest, which can be calculated using the formula:
I = P * r * t
where:
I = the interest earned
P = the principal amount (initial investment)
r = the annual interest rate (as a decimal)
t = the time period, in years
In this case, we have:
P = $9,000 (the initial deposit)
r = 7% = 0.07 (the annual interest rate)
t = 7 (the number of years)
So, plugging in the values:
I = $9,000 * 0.07 * 7
I = $4,830.00
Therefore, Sally will earn $4,830.00 in interest over 7 years.
State the principle of mathematical induction
The principle of mathematical induction is a method of proof used in mathematics to prove that a statement is true for all natural numbers.
It is based on the idea that if the statement is true for one number, then it can be used to prove that it is true for the next number. Mathematical induction can be expressed mathematically as follows:
Let P(n) be a statement involving an integer n
Base Case: P(m) is true for some m
Induction Hypothesis: Assume P(k) is true for some k>m.
Induction Step: Show that P(k+1) is true.
Therefore, P(n) is true for all n>m
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The function S=m^(2)+6m+8 models the growth of book sales in m months, where S is an amount in thousands of dollars. In how many months do book sales reach $80,000 ?
Answer:
We are given the function S = m^2 + 6m + 8 which models the growth of book sales in m months, where S is an amount in thousands of dollars. We want to find in how many months book sales reach $80,000.
We can set up an equation as follows:
S = m^2 + 6m + 8 = 80
Subtracting 80 from both sides, we get:
m^2 + 6m - 72 = 0
We can factor this quadratic equation as:
(m + 12)(m - 6) = 0
This gives us two possible solutions:
m + 12 = 0 or m - 6 = 0
Solving for m in each case, we get:
m = -12 or m = 6
Since we are looking for a number of months, we can discard the negative solution.
Therefore, book sales reach $80,000 in 6 months.
So, the answer is: 6 months.
What is the measure of ∠m
Answer:
26° 180 -81 - 73 = 26
Step-by-step explanation:
Answer:
26
Step-by-step explanation:
triangle= 180
81 + 73 = 154
180 - 154= 26
Interpret the data in the circle graph. If 560 books were sold at the book fair, find the number of the books that were mystery books.
If 560 books were sold at the book fair,
(Type a whole number.)
of the books were mystery books.
Circle graph
Fantasy 8%
Science
Fiction
12%
Comic 15%
Other 5%
Mystery 20%
-Fictic
Answer:
112
Step-by-step explanation:
According to the circle graph, the mystery books make up 20% of all books sold. So, we can calculate the number of mystery books sold as follows:
Number of mystery books = 20% of 560
= (20/100) x 560
= 112
Therefore, the number of mystery books sold at the book fair was 112.
The surface area of a cylinder is given by the formula SA = 2r2 + 2rh. A cylinder has a radius of 12 cm and a surface area of 1,632 cm^2 . Find the height of the cylinder.
A. 52 cm
B. 56 cm
C. 59 cm
D. 34 cm
A student wants to investigate the chemical changes that a piece of wood undergoes when it is burned. He believes wood that burns for 15 minutes will weigh less than unburned wood. Design a laboratory experiment that would allow the student to test his predictions, using appropriate equipment and technology. Be sure to consider safety requirements in your answer.
Answer:
Experimental Procedure:
Materials:
Piece of wood
Electronic balance
Bunsen burner
Heat-resistant mat
Stopwatch or timer
Safety goggles
Lab coat
Safety Precautions:
Wear safety goggles and a lab coat to protect your eyes and clothing from any sparks or flames.
Place the heat-resistant mat under the Bunsen burner to prevent any accidental fires.
Use the Bunsen burner only under adult supervision.
Be cautious when handling hot objects, and allow them to cool before touching.
Procedure:
Measure the initial mass of the piece of wood using an electronic balance, and record it in a table.
Light the Bunsen burner, and place the piece of wood over the flame using tongs. Ensure that the wood is fully engulfed in the flame.
Use a stopwatch or timer to time how long the wood burns for (in this case, 15 minutes).
After 15 minutes, turn off the Bunsen burner and remove the piece of wood from the flame using tongs.
Allow the wood to cool, and then measure its final mass using the electronic balance, and record it in the table.
Calculate the difference between the initial and final mass of the wood, and record it in the table.
Repeat steps 1-6 three times to obtain three sets of data.
Calculate the average mass of the burned wood and compare it to the initial mass of the unburned wood to determine if the student's prediction was correct.
Conclusion:
If the average mass of the burned wood is less than the initial mass of the unburned wood, the student's prediction was correct, and he can conclude that the wood underwent a chemical change when it was burned. If the average mass is greater than or equal to the initial mass, the prediction was incorrect, and the student may need to revise his hypothesis or experimental design.