Robin, who is self-employed, contributes $4500/year into a Keogh account. How much will he have in the account after 30 years if the account earns interest at the rate of 2.5%/year compounded yearly?

Answers

Answer 1

Answer:

The amount that would be in the account after 30 years is $368,353

Step-by-step explanation:

Here, we want to calculate the amount that will be present in the account after 30 years if the interest is compounded yearly

We proceed to use the formula below;

A = [P(1 + r)^t-1]/r

From the question;

P is the amount deposited yearly which is $4,500

r is the interest rate = 2.5% = 2.5/100 = 0.025

t is the number of years which is 30

Substituting these values into the equation, we have;

A = [4500(1 + 0.025)^30-1]/0.025

A = [4500(1.025)^29]/0.025

A = 368,353.3309607034

To the nearest whole dollars, this is;

$368,353


Related Questions

PLEASE HELP I GIVE BRAINLIEST

Answers

Answer:

y = 11

Step-by-step explanation:

Perimeter = 6 + 5y + y + 2 + 4y + 3

                = 10y + 11

10y + 11 = 121

10y = 121 - 11

     = 110

y = 110 ÷ 10

y = 11

Lines a, b, c, and d are distinct lines in the same plane. Decide if lines a and d are parallel, perpendicular, or if there is not enough information

Answers

Answer:

A. Parrellel

Step-by-step explanation:

it is parrellel because if you look between b and c you can

see that it is a parrellel line

If two rectangles are similar, what is the length of side x? Give your answer to one decimal place. Rectangle 1: A = 13.4ft B = 4.6ft Rectangle 2: A = 87.1 ft B = x

Answers

Answer:

x = 29.9 ft

Step-by-step explanation:

Given:

Rectangle 1 ≈ Rectangle 2

In Rectangle 1

A = 13.4 ft

B = 4.6 ft

In Rectangle 1

A = 87.1 ft

B = x ft

Find:

Value of x

Computation:

Rectangle 1 ≈ Rectangle 2

So,

13.4 / 4.6 = 87.1 / x

x = [(87.1)(4.6)] / 13.4

x = 29.9 ft

What is the quotient of 4/5 divided by 17/9

Answers

Answer:

0.42352941176

Step-by-step explanation:

hope this helps

The value of quotient will be 0.42.

What is Division method?

Division method is used to distributing a group of things into equal parts. Division is just opposite of multiplications. For example, dividing 20 by 2 means splitting 20 into 2 equal groups of 10.

Given that;

The expression is,

''4/5 divided by 17/9''

Now,

Since, The expression is,

''4/5 divided by 17/9''

Hence, After solving we get;

⇒ 4/5 ÷ 17/9

⇒ 4/5 × 9/17

⇒ 36/85

⇒ 0.42

Thus, The value of quotient = 0.42

Learn more about the divide visit:

brainly.com/question/844312

#SPJ2

Can someone help with this please? I think it has to do with the Pythagorean theorem.

Answers

Answer:

2 sqrt(13)

Step-by-step explanation:

We can use the Pythagorean theorem

The x value between A and B is  4 units and the y value is  6 units

The distance is

d = sqrt( x^2 + y^2)

   = sqrt( 4^2 + 6^2)

   = sqrt( 16+36)

  = sqrt(52)

  = sqrt(4*13)

 = 2 sqrt(13)

The points (5,-2) and (9, r) lie on a line with slope 3/2. Find the missing coordinate r.

Answers

Do you have a picture its pretty confusing without a picture

Difference in Roth IRA and Traditional IRAs, pension plans, 401Ks

Answers

Answer:

Contributions to a 401(k) are pre-tax, meaning they are deposited before your income taxes are deducted from your paycheck. However, when in retirement, withdrawals are taxed at your then-current income tax rate. Conversely, there is no tax savings or deduction for contributions to a Roth IRA

x + 5y = 8
3x = 24 - 157

Answers

Answer:

1) x+5y=8 (that’s a basically simplified already)

2) -44 1/3

Step-by-step explanation:

1) Since its in it’s most simplified form, leave it like that.

2) Solve it, combine like terms, and then just divide 3 on both sides to isolate variable

how many half's are in a whole

Answers

2

1/2 plus 1/2 = 1

Hope this helps and have a nice day!!!

(If it is right don’t forget to mark branliest :) )

Answer:

Two

Step-by-step explanation:

Because 1/2 plus 1/2 equals 1 witch would be the final half to make one whole

Harley bought a one year $1000 treasury bond. He paid $950 for the treasury bond. What is his rate of return? Round to one decimal, such as: 6.7%.
0.053%
53%
5.3%
5%

Answers

Answer: 5.3%

Step-by-step explanation:

The formula to compute rate of return is given by :-

Rate of return = [tex]\dfrac{\text{Selling price - investing price }}{\text{ investing price}}\times100[/tex]

[tex]=\dfrac{1000-950}{950}\times100\%\\\\=\dfrac{50}{950}\times100\%\\\\=\dfrac{100}{19}\%\\= 5.3\%[/tex]

Hence,  his rate of return = 5.3%

I AM IN A TEST AND I NEED THE ANSWER SOON!!! PLEASEE!!!

THANK YOU SO MUCH!!

Answers

Hello,

If Viviana has 2/5 of pasta to share with four friends, you should divide. First change 2/5 to a decimal, 0.4. Now divide 0.4 and 4.

Workspace:


2/5 = 0.4

4 / 0.4 -> 10

Workspace End

Correct Answer:

10

Hope this helps!!
Brainliest??

ABCD is a square.
Solve for x

Answers

X = 29

Hope you have a good day and good luck!

The ratio of boys to girls on Rowan’s swim team is 2:3. If there are 24 boys on the team, how many girls are there?

Answers

Answer:

36 girls

Step-by-step explanation:

2x=24

x=12

3(12) = y

y= 36

A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) as a function of Size (measured in thousands of square feet) and whether or not there is a fireplace (FP is 0 if there is no fireplace, 1 if there is a fireplace). The regression output is provided below. Some of the information has been omitted.Sources of variation SS df MS FRegression 3177.17 2 1588.584 Residual 17 17.71713 Total 3478.36 19 How many predictors (independent variables)were used in the regression?
A) 20
B) 18
C) 3
D) 2

Answers

Answer: B) 18

Step-by-step explanation: It is also widely used for predicting the value of one dependent variable from the values of two or more independent variables. When there are two or more independent variables, it is called multiple regression

The number of independent variables or predictors present in the regression model is 3.

The number of independent variables can be obtained from an ANOVA table of the degree of freedom column of corresponding to Regression

The Regression degree of Freedom usually denoted as k - 1 ; where k is the number of independent variables.

From the ANOVA table given ; k - 1 = 2

The value of k = 2 + 1 = 3 ; Therefore, the value of k in the regression table is 3.

Therefore, the number of predictors in the regression is 3.

Learn more :https://brainly.com/question/18405415

The graph of an equation shown below: based on the graph, which of the following represents the solution to the equation? (-2, -3) (2, 1) (1, 2) (-3, -2)

Answers

The following that represents the solution of the equation are (-2,-3) and (-3,-2)

Please help me solve this question will give you braisnlt !

Answers

Answer:

[tex]s = 54m +160[/tex]

Step-by-step explanation:

Given: The attachment

Required: Determine the equation

We start by picking any two equivalent points on the table:

[tex](m_1,s_1) = (2,268)[/tex]

[tex](m_2,s_2) = (4,376)[/tex]

Next, we determine the slope, M:

[tex]M = \frac{s_2 - s_1}{m_2 - m_1}[/tex]

[tex]M = \frac{376 - 268}{4-2}[/tex]

[tex]M = \frac{108}{2}[/tex]

[tex]M = 54[/tex]

The equation is then calculated as:

[tex]s - s_1 = M(m - m_1)[/tex]

Where:

[tex]M = 54[/tex]

[tex](m_1,s_1) = (2,268)[/tex]

So, we have:

[tex]s - 268 = 54(m - 2)[/tex]

Open bracket

[tex]s - 268 = 54m - 108[/tex]

Collect like terms

[tex]s = 54m - 108 + 268[/tex]

[tex]s = 54m +160[/tex]

Hence, the equation is: [tex]s = 54m +160[/tex]

Farmer Bob wants to build a rectangular pigpen with side lengths of 3x2+4x-1 ft and 2x2-5x+9 ft. How much fencing will he need to
O A 5x2-x+8 ft
OB. 10x2+18x+16 ft
O C. 10x2-2x+16 ft
OD. 5x2+9x+8 ft

Answers

Answer:

b

Step-by-step explanation:

how are <1 and <2 related

Answers

Answer:

They are adjacent

Step-by-step explanation:

Which of these tables represents a function?

Answers

Answer:

W

Step-by-step explanation:

The table that will represent a function is the table where every x-value (domain) has exactly one y-value (range).

Table W represents a function because each x-value has exactly only one y-value.

The other tables have two y-values assigned to a one x-value.

Answer:

W

Step-by-step explanation:

Which of the following is a solution of x^2 -10x = -36?

-5 - i √10
5 + i √61
-5 - i √11
5 + i √11

Answers

X=5+or-i sqrt 11.... so both of the last two options are correct


HELP ME PLEASE !!! please

Answers

Answer:

(0,0) and (60,0)

Step-by-step explanation:

because they are the points on the x-axis

Question in picture below will give brainly

Answers

Answer:

only student ll (2)

Step-by-step explanation:

a farmer grows 128 red tomato plants and 102 yellow tomato plants each plant produces about 32 tomatoes the farmer plans to sell each tomato for$2

Answers

Answer:

14720$ he will make and there are 7360 tomatoes

Step-by-step explanation:

Drag the item from them item bank to its corresponding match


Will mark brainless

Answers

Answers, in order:

1. Acute

2. Congruent

3. Supplementary angles

4. Vertical angles

5. Adjacent angles

6. Adjacent supplementary angles

7. Alternate interior angles

8. Alternate exterior angles

9. Consecutive interior angles

10. Corresponding angles

11. Straight angle

4 (3u - 1) - 4u = 76*
u=?

Answers

Answer: 12u-4-4u=76

Step-by-step explanation: Use distributive property and PEMDAS, that might help.

if x =20 and y =40 then x and y are

Answers

Answer:

Are directly proportional

A baseball player batted 544 times in a season, with a batting average of 0.294. Using the formula below, find the number of hits he made.

The batting average formula is a=h/n where a is the batting average, h is the number of hits, and n is the number of times at bat.

Answers

Answer:

Calculate Batting Average

Calculating a baseball player's batting average is not a difficult task at all. A batting average represents the percentage of at bats that result in hits for a particular baseball player. The formula is:

Hits / At Bats = Batting Avg.

That's all there is to it. For example, if Justin Upton gets 155 hits in a season and has 554 at bats, his batting average would be 155/554, or .280. The batting average is usually represented not as a percentage (i.e. 28.0%), but instead as a decimal number with three places after the decimal. A batting average of 1.000 means that the player gets a hit every time he comes to bat, and an average of .000 means the player has no hits.

It should also be noted that not every time a batter comes to the plate counts as an at bat. Plate appearances that do not count as at bats include walks, hit-by-pitches, sacrifices, etc.

Here's one last example: Albert Pujols gets 35 hits in 113 at bats in May, so his batting average would be calculated as 35 divided by 113, which is .310 for the month of May.

Step-by-step explanation:

Answer:

160

Step-by-step explanation:

The previous answer response to this question was too long and complicated. Just follow the things you know from the question and use the formula.

a=h/n, a is the batting average, h is the number of hits, and n is the number of times at bat. Use substitution to make your formula now look like this:

0.294 = h/544.

Now you have to get h by itself. To do that, you do the opposite of division: multiply. What you do to one side, you do to the other.

544(0.294 = h/544)544 ⇒ h = 544 x 0.294.

Your result should be 159.936; round to the nearest whole number ⇒ 160.

Steel is an alloy of iron and carbon (98% iron, 2% carbon). Stainless steel is steel and chromium, (90% steel, 10% carbon). What amount of iron, carbon, and chromium are needed for 500 kg of stainless steel?

Answers

500 kg x 90% = 500x 0.9 = 450 kg of Steel is needed.

450 kg x 98% = 450 x 0.98 = 441 kg of iron needed.

450 x 0.02 = 9 kg of carbon is needed for the steel.

50 kg of chromium is needed.

Chromium is 10% carbon, 50x 0.1 = 5 kg of carbon is needed for the chromium.

Total iron = 441 kg

Total carbon = 9 + 5 = 14 kg

Total chromium = 50 kg

graph the image of triangle UVW after a reflection across the line x = -1

Answers

9514 1404 393

Answer:

  see attached

Step-by-step explanation:

Reflection over the line x = -1 alters the x-coordinates, but leaves the y-coordinates alone. The image point is as far horizontally from the reflection line as the pre-image point is.

Each new x-coordinate is the old one subtracted from twice the x-value of the line of reflection:

  (x, y) ⇒ (-2-x, y)

  U(-8, -6) ⇒ U'(6, -6)

  V(-3, -6) ⇒ V'(1, -6)

  W(-4, -1) ⇒ W'(2, -1)

A bowling alley charges a one-time fee of $5.50 to rent shoes and $3.50 per game. Write an equation that represents "y", the total dollar amount that you must pay to bowl "x" games.
Please help this is due today, I would appreciate it if you did help!

Answers

Answer: 14$

Step-by-step explanation:

let x = number of games, let y = cost of shoe rental

then        Total cost = x•$4 + y

In this case, TC = 3•$4 + $2

TC = $14

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