MATHEMATICS COLLEGE

1. After you retire in 17 years your goal is to have $100,000 in your investment account that earns 8% compounded annually. How much money would you need to deposit now to reach this goal

Answers

Answer 1

Answer:

9514 1404 393

Answer:

$27,026.90

Step-by-step explanation:

The future value formula can be solved to find the present value required.

FV = P(1 +r)^t . . . future value of P compounded at annual rate r for t years

$100,000 = P(1 +0.08)^17

P = $100,000/3.70002 . . . . divide by the coefficient of P

P = $27,026.90

You would need to deposit #27,026.90 now to reach this goal.

Related Questions

Find the value of the expression: 70–a^2 for a=–25; 1; 10
In the final round of a TV game show, contestants have a chance to increase their current winnings of $1 million to $2 million. If they are wrong, their prize is decreased to $500,000. A contestant thinks his guess will be right 50 percent of the time. Should he play
Please help me. Full explanation. WIll mark brainliest.
Answer the question ready fast right now
Where can I watch My hero academia for free without any ads if you don't know then you could suggest something with adds

At a college, 69% of the courses have final exams and 42% of courses require research papers. Suppose that 29% of courses have a research paper and a final exam. Let F be the even that a course has a final exam. Let R be the event that a course requires a research paper. (a) Find the probability that a course has a final exam or a research paper. Your answer is : (b) Find the probability that a course has NEITHER of these two requirements. Your answer is :

Answers

Answer:

a) 0.82

b) 0.18

Step-by-step explanation:

We are given that

P(F)=0.69

P(R)=0.42

P(F and R)=0.29.

P(course has a final exam or a research paper)=P(F or R)=?

P(F or R)=P(F)+P(R)- P(F and R)

P(F or R)=0.69+0.42-0.29

P(F or R)=1.11-0.29

P(F or R)=0.82.

Thus, the the probability that a course has a final exam or a research paper is 0.82.

P( NEITHER of two requirements)=P(F' and R')=?

According to De Morgan's law

P(A' and B')=[P(A or B)]'

P(A' and B')=1-P(A or B)

P(A' and B')=1-0.82

P(A' and B')=0.18

Thus, the probability that a course has NEITHER of these two requirements is 0.18.

Write code to complete doublepennies()'s base case. sample output for below program: number of pennies after 10 days: 1024 note: these activities may test code with different test values. this activity will perform three tests, with starting pennies = 1 and userdays = 10, then with starting pennies = 1 and userdays = 40, then with startingpennies = 1 and userdays = 1. see how to use zybooks. also note: if the submitted code has an infinite loop, the system will stop running the code after a few seconds, and report "program end never reached." the system doesn't print the test case that caused the reported message.

Answers

answer with coding and answer is attached in word file below

The doublePennies() function is an illustration of a recursive function in Java

How to complete the doublePennies() function?

The base case of the doublePennies() function is that:

When the number of days is 0, then the total available pennies is the same as the total number of pennies.

The algorithm of the above highlight is:

if numDays equals 0 then

totalPennies = numPennies

Using the above algorithm, the complete base case is:

if(numDays == 0){

totalPennies = numPennies;

}

Answers

Answer:

6 cups

Step-by-step explanation:

Anthony's recipe uses 2 cups of chocolate for each 3 cups of the two ingredients. So, the chocolate is 2/3 of the total number of cups of the two ingredients.

2/3 × 9 cups = 6 cups

Anthony uses 6 cups of chocolate to make the candies.

5 (x - 3) > 15
show your work