If Jack wants to retire with $1,000 per month, how much principal is necessary to generate this amount of monthly income if the interest rate is 6% compounded monthly?

Answers

Answer 1

Answer:

He needs to learn the disciplinary principal

Step-by-step explanation:

Answer 2

The principal is necessary to generate this amount of monthly income is $497.

Given that, Jack wants to retire with $1,000 per month.

What is the compound interest?

Compound interest is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods.

The formula used to find the compound interest = [tex]Amount=Principal(1+\frac{R}{100})^{nt}[/tex]

⇒ 1000 =P[tex](1+0.06)^{12}[/tex]

⇒ 1000=P×2.012

⇒ P=1000/2.012

⇒ P=$497

Hence, the principal is necessary to generate this amount of monthly income is $497.

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Related Questions

The line segment joining the points ( 3,-4) and (1,2) is trisected at the points P and Q . If the coordinates of P and Q are (p , -2 ) and ( 5/3 , q ) respectively, find the values of p and q.

Answers

Answer:

P = 7/3 and q = 0

Step-by-step explanation:

The given parameters are;

The endpoints of the segment are, (3, -4) and (1, 2)

The points that trisect the given points are P and Q with coordinates (p, -2) and (5/3, q) respectively

Therefore, we have;

The first point of the trisection cuts 1/3 of the length from one point and the second point of the trisection cuts 2/3 of the length from the same point

The coordinates of P or Q = (3 - (3 - 1)/3, -4 - (-4 - 2)/3) = (7/3 , -2)

Therefore, given that the y-coordinate value of the derived point coincides with the y-coordinate value of the point P, (p, -2) and there is only one point with x = -2 on the line, we have that the coordinate of the point P is (p, -2) = (7/3 , -2)

∴ P = 7/3

Similarly we have the second point of the trisection, Q, given as follows;

We are already given the x-coordinate value of the point Q as the 5/3 in (5/3, q)

Point Q = (5/3, q) = (3 - 2×(3 - 1)/3, -4 - 2×(-4 - 2)/3) = (5/3 , 0)

Point Q = (5/3, q) = (5/3 , 0)

∴ q = 0.

The Jayden family eats at a restaurant that is having a 15% discount promotion. Their meal costs $78.21 before the discount, and they leave a 20% tip. If the tip applies to the cost of the meal before the discount, what is the total cost of the meal? Round your intermediate calculations and answer to the nearest cent.

will give crown if answered correctly..

Answers

Answer:

what is a crown

Step-by-step explanation:

they should stop eating out

An amount P at 6% for 5 years compounded monthly increased to $15000.00. What is P? (Round answer to cents)

Answers

Answer:

$20,232.75

Step-by-step explanation:

I hope it helped

What is the constant of proportionality in the equation y=3I

Answers

Answer:

31

Step-by-step explanation:

y=kx

(Find common denominator first.)
3/2 + b=7/4

Answers

Answer:

b = 1/4

Step-by-step explanation:

Take the given fractions : 3/2 and 7/4 and find a common denominator.

We will use 4 as a common denominator.

In order for the denominator of 3/2 to get to 4, you need to multiply by 2.

3 × 2 = 6        2 × 2 = 4

New fraction: 6/4

Now we have the equation 6/4 + b = 7/4

7/4 - 6/4 = 1/4

what is the slope. please hurry up​

Answers

Answer:

The slope is 1/2

Step-by-step explanation:

m=y²-y¹/x²-x¹

m=2-1/4-2

m=1/2

Kendra posts a photo on her social media account.In the first hour, 2 friends share the photo.In the second hour, each of those friends has 2 friends who share the photo.The pattern continues. How many photos do people share in hour
1. 32
2. 64
3. 12
4. 9

Answers

Answer:

Step-by-step explanation:

The answer is 64 because If you multiply 2x2x2x2x2x2 It equals 64

4) A cell phone company would like to run a promotion for a limited time. The cellphone
company is activating a phone line for $40. People will have to pay $50 each month for
phone service. Which equation can be used to find y, the amount that someone will pay
for x months?
y = 40x + 10
y = 40x + 50
y = 40 + 50x
y = 10x + 40

Answers

y=40+50x

$40 is the initial price so it stays constant. It never changes.

$50 is the slope because every month they pay $50 so it’s increasing at a constant rate and always stays linear.

Which of the following equation(s) has a graph that is perpendicular to the line x + 2y = 14? Select all that apply.
A. 2x - y = -7
B. 7y = 14x + 2
C. x + 2y = 7
D. 14y = 7x + 2

Answers

Answer:

A

Step-by-step explanation:

not sure.................pero tama sagot ko

I’m guessing it’s A (sorry if it’s wrong)


Does this table represent a direct variation?

Answers

Answer:

yes, correct me if im wrong

Step-by-step explanation:

No it is not a direct variation or A

Write an equation of the line that passes through each pair of points (5,-3), (2,5)

Answers

Answer:

8x+(-27)=y

Step-by-step explanation:

To find an equation of a line, you use the formula mx+b=y

M=slope

x=x cooridnates

y=y coordinates

b=y intercept

Slope:

You use the formula y2-y1/x2/x1 to find slope.

5-(-3)/2-5

5+3/-3

8/-3

8

Y intercept:

8(5)+b==3

40+b=-3

b=-37

Equation: 8x+-37=y

The equation of the line that passes through each pair of points (5,-3), (2,5) is 3y = -8x+31

What is equation?

An equation is a mathematical statement that shows that two mathematical expressions are equal.

Given that, a line passes through each pair of points (5,-3), (2,5)

We know that, the equation of a line passing through two points (x1, y1) and (x2, y2) is given by,

(y-y1) = (y2-y1)/(x2-x1)(x-x1)

Where, (y2-y1)/(x2-x1) is, representing the slope of the line.

Here, x1 = 5, x2 = 2 and y1 = -3, y2 = 5

Equation of the line =

(y+3) = (5+3)/(2-5)(x-5)

y+3 = -8/3(x-5)

3y+9 = -8x+40

3y = -8x+31

Hence, The equation of the line that passes through each pair of points (5,-3), (2,5) is 3y = -8x+31

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If his heartbeat has increased by 8 beats per minute after 20 minutes of working out how much will his heartbeat have increased after 30 minutes of working out

Answers

Answer:

12 beats per minute after 30minutes

Step-by-step explanation:

Since we are told by how much his heartrate increased in 20 minutes, we can simply calculate how much it increased in 10 minutes and add that amount to the current heart rate to know how much his heartrate increased after 30 minutes of working out. Since 10minutes would be half of the 20minutes we simply divide the beats per minute by 2.

8 / 2 = 4 beats per minute after 10 minutes

Now we simply add this to the beats per minute at the 20minute mark to calculate the beats per minute at 30minutes

8 + 4 = 12 beats per minute after 30minutes

plz help


Simplify:
- 1.2+15.45

Answers

Answer:

- 1.2+15.45=14.43

Step-by-step explanation:

In a video game, two objects move around the screen according to the equations r = 4cos(0) and r= -1 +
2cos(0). Which coordinates represent a possible collision point of the objects?

Answers

Answer:

The correct option is;

[tex]\left ( -2,\dfrac{2 \cdot \pi }{3} \right)[/tex]

Step-by-step explanation:

The given parameters are

The equation of motion of one (the first) object is r = 4·cos(θ)

The equation of motion of the other (the second) object is r = -1 + 2·cos(θ)

Equating both equations gives;

4·cos(θ) = -1 + 2·cos(θ)

4·cos(θ) - 2·cos(θ) = -1

2·cos(θ) = -1

cos(θ) = -1/2

θ = Arccos(-1/2) = 120° = 2·π/3

Therefore, the two equations are equal when θ = 2·π/3 for which we have;

r = 4·cos(2π/3) = -2 and r = -1 + 2·cos(2π/3) = -2

∴ r = 4·cos(2π/3) = -1 + 2·cos(2π/3) = -2

The coordinate that represents a possible collision point of the objects in the form (r, θ) is therefore [tex]\left ( -2,\dfrac{2 \cdot \pi }{3} \right)[/tex]

Hence, The coordinate that represents a possible collision point of the objects in the form (-2, [tex]\frac{2\pi }{3}[/tex])

Given that ,

The first object is moving around the screen r = 4 cos(0)

The second object is moving around the screen r = -1 + 2cos(0)

We have to find ,

The coordinates represent a possible collision point of the objects.

According to the question,

Coordinate represent collision points to object ,

Equating both equations ;

4·cos(θ) = -1 + 2·cos(θ)

4·cos(θ) - 2·cos(θ) = -1

2·cos(θ) = -1

cos(θ) = -[tex]\frac{1}{2}[/tex]

θ = [tex]cos^{-1} (\frac{1}{2} )[/tex] = 120°

[tex]\theta[/tex] = [tex]\frac{-2\pi }{3}[/tex]

Therefore, the two equations are equal when θ = [tex]\frac{2\pi }{3}[/tex]

We have;

r = 4·cos([tex]\frac{2\pi }{3}[/tex]) = -2

And r = -1 + 2·cos([tex]\frac{2\pi }{3}[/tex]) =

r = -2

r = 4·cos([tex]\frac{2\pi }{3}[/tex]) = -1 + 2·cos([tex]\frac{2\pi }{3}[/tex])

r = -2

The coordinate that represents a possible collision point of the objects in the form (r, θ) is therefore r = -2 and [tex]\theta = \frac{2\pi }{3}[/tex] .

Hence, The coordinate that represents a possible collision point of the objects in the form (-2, [tex]\frac{2\pi }{3}[/tex]) .

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Asia is a chef in a restaurant. To prepare for dinner service, she chops 7 1/2 onions in 1/6 of an hour. What is Asia's rate of chopping in onions per hour?

Answers

Asia is a chef in a restaurant. To prepare for dinner service, she chops 7 1/2 onions in 1/6 of an hour. Asia's rate of chopping onions is 30 onions per hour.

From the information given;

Asia chops [tex]\mathbf{7 \dfrac{1}{2} \ onions }[/tex] in [tex]\mathbf{\dfrac{1}{6} \ hours}[/tex]  

So, the onion is given in mixed fraction which can be converted to an improper fraction as: [tex]\mathbf{\dfrac{15}{2}\ onions}[/tex]

Now,

if Asia chops  [tex]\mathbf{\dfrac{15}{2}\ onions}[/tex] in [tex]\mathbf{\dfrac{1}{6} \ hours}[/tex]  Then Asia will chop (x) onions in 1 hour.

We can cross multiply the above two equations to determine the number of onions Asia will chop per hour as follows:

[tex]\mathbf{(x) \times \dfrac{1}{6} \ hours = \dfrac{15}{2} \ onions \times 1 \ hour}}[/tex]

Making (x) the subject of the formula:

[tex]\mathbf{(x)=\dfrac{ \dfrac{15}{2} \ onions \times 1 \ hour}{ \dfrac{1}{6} \ hours }}}[/tex]

[tex]\mathbf{(x)={ \dfrac{15}{2} \ onions } \times { \dfrac{6}{1} }}}[/tex]

(x) = 15 onions × 3

(x) = 30 onions per hour.

Therefore, Asia's rate of chopping onion is 30 onions per hour.

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If Asia chops 7 1/2 onions in 1/6 hour, therefore, using proportion, the rate of chopping onions per hour is: 45 onions per hour.

Applying the knowledge of proportion and fractions, we can determine Asia's chopping rate of onions per hour.

Given:

Number of onions chopped in 16 hour = 7 1/2 onionsLet number of onions chopped in 1 hour be x

Using proportion, we have the following:

[tex]7\frac{1}{2} = \frac{1}{6} \\\\x = 1[/tex]

Cross multiply

[tex]\frac{1}{6} \times x = 7\frac{1}{2} \times 1\\\\\frac{x}{6} = \frac{15}{2}[/tex]

Multiply both sides by 6

[tex]\frac{x}{6} = \frac{15}{2}\\\\x = \frac{15}{2} \times 6\\\\x = 45[/tex]

Therefore, if Asia chops 7 1/2 onions in 1/6 hour, therefore, using proportion, the rate of chopping onions per hour is: 45 onions per hour.

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dillon pays x dollars to get a haircut.he gives the stylist a 20% tip the expression representing his total cost is x + 0.2x

Answers

Answer:

[tex]y=x+0.2x[/tex]

Step-by-step explanation:

Step one:

given data

we are told that Dillon paid $x for a haircut.

and gave a tip of 20% of the amount he paid, this is expressed as

=20/100*x

=0.2x

Let the total amount he paid, that is haircut plus tip be y

the expression for the total amount is

[tex]y=x+0.2x[/tex]

     here x represents the amount he paid

              0.2 represents 20% of the haircut

A graph titled Passing Statistics has pass attempts on the x-axis, and yards on the y-axis. A line goes through points (24, 127) and (36, 163).
The scatterplot shows how many pass attempts and yards a quarterback has in different football games. Notice that the line passes through the second point from the left, (24, 127) and the farthest point on the right (36, 163).

What is the slope of the trend line?

Answers

Answer:

1/3x

Step-by-step explanation:

Subtract x by x and y by y to find the distance/difference

36            163

24,          127

= 12/36 = rise/run

Now reduce to find the slope, reduce until you can't anymore.

12/36

6/18

3/9

1/3 (that's your slope)

a) Write 7.1 x 10² as an ordinary number.

Answers

710

Move the decimal two spaces to the right

Answer:

710 is the answer.

Step-by-step explanation:

7.1 x 10^2

10^2= 10 x 10 = 100

so,

7.1 x 100 = 710

What is the answer to this question above?

Answers

Answer:

is it multiple choice

Step-by-step explanation:

Answer:

x is 10 y is 5.8

Step-by-step explanation:

x=y+4.2=10

Derek made 15 baskets. This was triple the number of baskets he made on Saturday
Which equation can be used to find, x, the number of baskets Derek made on Saturday?


A) x-3 = 15

B) x/3 = 15 (the x is in fraction form x over three just so u know)


C) x+3 = 15

D) 3x = 15

Answers

D. Triple the amount means multiplying

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

The equation can be used to find, x, the number of baskets Derek made on Saturday.

3x = 15

Option D is the correct answer.

What is an expression?

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

Example: 2 + 3x + 4y = 7 is an expression.

We have,

Number of baskets made = 15

This was triple the number of baskets he made on Saturday.
This means,

3x = 15

Number of baskets made on Saturday = x

Now,

3x = 15

Divide both sides by 3.

x = 5

The number of baskets made on Saturday is 5.

Thus,

The equation can be used to find, x, the number of baskets Derek made on Saturday.

3x = 15

Option D is the correct answer.

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In a two-digit number, the units digit is six less than three times the tens digit. Four times the units digit minus five times the tens digit equals 11. Find the digits.

Answers

Answer:

The tens digit = 5

The units digit = 9

The two digit number is 59

Step-by-step explanation:

Let the tens digit be represented by x

The units digits be represented by y

In a two-digit number, the units digit is six less than three times the tens digit.

y = 3(x) - 6

y = 3x - 6

Four times the units digit minus five times the tens digit equals 11.

4(y) - 5(x) = 11

4y - 5x = 11

We substitute

4(3x - 6) - 5x = 11

12x - 24 - 5x = 11

Collect like terms

12x - 5x = 11 + 24

7x = 35

x = 35/7

x = 5

y = 3x - 6

y = 3(5) - 6

y = 15 - 6

y = 9

Hence,

The tens digit = 5

The units digit = 9

The two digit number is 59

Answer:

5=tens 9=units

Step-by-step explanation:

I think its this

Why is the function below called a rational function?

f(x) =x+3
——
x-2

Answers

a rational function is any function which can be defined by a rational fraction, which is an algebraic fraction such that both the numerator and the denominator are polynomials

PLSS HELP ASP Nick bought raffle tickets to try to win a prize. He paid $3.00 for $12 tickets.

What is the cost per raffle ticket?

A $0.20 per ticket

B $0.25 per ticket

C $4.00 per ticket

D $5.00 per ticket

Answers

B. it is 0.25 because 0.25 times 12 = $3.00

Answer:

c.

Step-by-step explanation:

$4 a ticket

12÷3=4

I hope this was helpful

in the equation, y = 0.007x, how many inches of rain falls in 6 minutes?

Answers

Answer:

X represents the value you can multiply with the slope to get the answer.

y = 0.007x

  = 0.007(6)

  = 0.042

Therefore, 0.042 inches of rain falls in 6 minutes.

HELPPPPP its geo and I need help​

Answers

Answer:

61

Step-by-step explanation:

first we set <B and <E equal to each other to find x (they are equal because it is a given in the phrase below the pics)

5x + 8 = 7x - 12

5x + 20 = 7x

20 = 2x

10 = x

now we know x is 10, so substitute it into an equation to find the measure of the vertex of the triangles

5(10) + 8 = 58

subtract 58 from 180 to find what the base angles are combined

180 - 58 = 122

since there are two congruent base angles (the base angles of isosceles triangles are always congruent), we have to divide 122 by 2 to find the measure of a base angle

122 ÷ 2 = 61

<F is a base angle, so <F is 61

If 40 percent is 240 what is 25 percent

Answers

Answer:

150

Step-by-step explanation:

maybe it could be like this

0.40x = 240

we could get x = 600

then 0.25x = 600 × 0.25 = 150

Really stupid question, but how do you add a comment lol. There’s no enter button or anything (I’m on an iPad) if that helps.

Answers

Answer:

You just do

Step-by-step explanation:

Answer:

just click the thing that says "Ask blah blah about this question..."

Step-by-step explanation:

ax+by=c What is the equivalent equation

Answers

Ax plus BY equals C.

Simplify
x + x + y x y?

Answers

Answer: [tex]2x+y^2[/tex]

Step-by-step explanation:

[tex]x\:+\:x\:+\:y\:\cdot \:y[/tex]

[tex]x+x+yy[/tex]

[tex]2x+yy[/tex]

[tex]2x+y^2[/tex]

Answer:

2(x)+[tex]y^{2}[/tex]

You are ordering planks of
wood that are 8' long each.
You need 15 pieces cut 3' long,
and 9 pieces cut 4' long. How
many planks of wood should
you order?

Answers

you need 10 8' planks of wood because 15x3= 45+9x4= 77, then 77÷8= 9.625, but you can't get .625 of a plank, so 10. hope you get a good grade!

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