4) You are hired to work for a company at age 25 and the company has a retirement plan
where you can put up to 6% of your salary into the plan each month and they will match
that amount. Your starting monthly salary is $6,100, assume for simplicity sake you
never get a raise, and the retirement plan guarantees a 6.28% interest rate over the life of
the plan.
Scenario 1: You decide to start the retirement plan right away and you can afford
to put the full amount (6% of your salary) into the plan each month.
a) What is 6% of your salary? _______________
b) Since your company matches what you put into your retirement account, what is the
total amount put into your account each month?
_______________
c) How much money will you have in the retirement account when you reach full
retirement age, the time when you can start taking money out of the account, which is 62
years old? ________________
d) How much money did you put into the account? ________________
e) How much money did your employer put into your account? ________________
f) How much money did your account gain in interest over the years? _______________
Scenario 2: You decide to start the retirement plan right away, but you can only
afford to put 3% of your salary into the plan each month.
a) What is 3% of your salary? _______________
b) Since your company matches what you put into your retirement account, what is the
total amount put into your account each month?
_______________
c) How much money will you have in the retirement account when you reach full
retirement age, the time when you can start taking money out of the account, which is 62
years old? ________________
d) How much money did you put into the account? ________________
e) How much money did your employer put into your account? ________________
f) How much money did your account gain in interest over the years? _______________
What is the difference in the amount of money you will have at age 62 between scenarios
1 and 2? ________________
What is the difference in the amounts of money you put into retirement between
scenarios 1 and 2? _______________
How much more money did you get from your employer in scenario 1 than 2? ________

Answers

Answer 1

6% of the salary is $366

The total amount that would in the retirement account in the account each month is $732.

The amount that would be in the retirement account when you retire is $345,418.50.

The amount of money that you put in the account is $162,504.

The amount of money that the employer put in the account is $162,504.

The interest that was gained over the years is $20,410.50.

3% of the salary is $183.

The total amount that would in the retirement account in the account each month is $366.

The amount that would be in the retirement account when you retire is $172,709.25.

The amount of money that you put in the account is $81,252

The amount of money that the employer put in the account is $81,252

The interest that was gained over the years is $10,205.25.

How much would be in the retirement account?

6% of the salary = salary x percentage

6% of the salary = 6% x $6,100

6% of the salary = 0.06 x $6,100 = $366

The amount in your account at the end of the month = amount the company puts + amount you deposit

= $366 + $366 = $732

Amount that would be in your retirement account = (1 + interest rate) x amount in the account

Amount that would have been deposited in the account at retirement = number of years until retirement x number of months in a year x amount deposited each year

Amount in the account at retirement = $732 x 12 x (62 -25)

$732 x 12 x 37 = $325,008

Amount in the account at retirement = (1 + 0.0628) x $325,008 = $345,418.50

Amount the employer put in the account =  $325,008 \ 2 = $162,504

Interest earned = $345,418.50 - $325,008 = $20,410.50

3% of the salary = salary x percentage

3% of the salary = 3% x $6,100

3% of the salary = 0.03 x $6,100 = $183

The amount in your account at the end of the month = amount the company puts + amount you deposit

= $183 + $183 = $366

Amount that would be in your retirement account = (1 + interest rate) x amount in the account

Amount that would have been deposited in the account at retirement = number of years until retirement x number of months in a year x amount deposited each year

Amount in the account at retirement = $366 x 12 x (62 -25)

$366 x 12 x 37 = $162,504

Amount in the account at retirement = (1 + 0.0628) x $325,008 = $172,709.25

Amount the employer put in the account =  $162,504 \ 2 = $81,252

Interest earned = $172,709.25 - $162,504 = $10,205.25

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Related Questions

Which equations are true for x = –2 and x = 2? Select two options x2 – 4 = 0 x2 = –4 3x2 + 12 = 0 4x2 = 16 2(x – 2)2 = 0

Answers

x^2 - 4 = 0
4x^2 = 16

The first equation is true when x = -2 or x = 2, because substituting either of these values into the equation results in a true statement. The second equation is also true when x = -2 or x = 2, because substituting either of these values into the equation results in a true statement. The other three equations are not true when x = -2 or x = 2, because substituting these values into the equations results in false statements.

Suppose that the function h is defined, for all real numbers, as follows.
h(x) = (x+1)²
{
if x ≤-2
if-2 -x-2 ifx>2
h(-2) = 0
h(-1) = 0
h (3) = 0
Find h(-2), h(-1), and h (3).
0/0

X
3


please help 15 points to whoever does

Answers

In light of this, 1,0,8 is the value of the function h(x) = (x+1)2 where h is defined for all real integers.

what is function ?

The subject of mathematics includes quantities and their variations, equations and related structures, forms and their locations, and places where they can be found. The term "function" refers to the relationship between a set of inputs, each of which has an associated output. A relationship between inputs and outputs in which each input leads to a single, distinct result is known as a function. Each function is given a domain and a codomain, or scope. Usually, f is used to denote functions (x). input is an x. There are four main types of functions accessible. based on the following factors: on functions, one-to-one functions, many-to-one functions, within functions, and on functions.

given

h(x) = (x+1)²

h(-2) = 1

h(-1) = 0

h(3) = 8

In light of this, 1,0,8 is the value of the function h(x) = (x+1)2 where h is defined for all real integers.

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PLSS GUYS HELP MEEEEEEEE PLS

Answers

The value of x is 10°.

What is a measure of an angle?

Since an angle is measured in degrees, the term "degree measure" is used. Since 360 degrees make up one full revolution, it is divided into 360 equal sections. A degree is what the revolution is at each stage.

Here, we have

The measure of ∠AOC is 90°.

3x° + 46° +14° = 90°

3*10° + 46 + 14° = 90°

Hence,  the value of x is 10.

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The value of x is 10°.

What is a measure of an angle?

Since an angle is measured in degrees, the term "degree measure" is used. Since 360 degrees make up one full revolution, it is divided into 360 equal sections. A degree is what the revolution is at each stage.

What is angle?

An angle is a measure of the amount of rotation between two rays or lines that share a common endpoint, called the vertex of the angle. The two rays or lines are called the sides of the angle, and the endpoint is called the vertex.

Here, we have

The measure of ∠AOC is 90°.

3x° + 46° +14° = 90°

3*10° + 46 + 14° = 90°

Hence,  the value of x is 10.

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Assume the Poisson distribution applies. Use the given mean to find the indicated probability.
Find ​P(5​) when μ = 9

Answers

Answer: 0.155

Step-by-step explanation:

To find the probability of a certain event occurring in a Poisson distribution, we can use the formula:

P(k) = (μ^k * e^(-μ)) / k!

Where:

P(k) is the probability of the event occurring k timesμ is the meane is the base of the natural logarithm ( approximately 2.71828)k! is the factorial of k (k factorial)

Plugging in the given values, we get:

P(5) = (9^5 * e^(-9)) / 5! = 126,441 * 0.000123 = 0.1550

So the probability of the event occurring 5 times is approximately 15.5%.

Anything would help please

Answers

When the points are (2, 6), (2, -2), and (8 units), the polygon's or triangle's area is 8. ( 4 , -2)

what is triangle ?

A triangle, which is a polygon, has three sides and three vertices. One of geometry's basic shapes is it. A triangle with the vertices A, B, and C is referred to as Triangle ABC. A unique plane and triangle are discovered in Euclidean geometry when the three points are not collinear. Having three sides and three corners, a triangle is a polygon. The triangle's corners are defined as where the three sides meet one another end to end. 180 degrees is the sum of the angles in a triangle.

given

area of the polygon ( triangle ) = 1/2 * b * h

= 1/2 * 4 * 4

= 8 units

so When the points are (2, 6), (2, -2), and (8 units), the polygon's or triangle's area is 8. ( 4 , -2)

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What is the coefficient in the expression 6 – 2 + 4n

Answers

Answer:

4

Step-by-step explanation:

The coefficient is 4 because it is the amount placed before a variable. The variable is the x, therefore, the coefficient is the 4, the amount placed before the x.

Hope this helps! :)

What is the value of sin(7pi/4)? See attached.

Answers

Answer:

-sqrt(2)/2 , the last option of your document.

Step-by-step explanation:

sin(7pi/4) = -sin(7pi/4 - pi)

                = -sin(7pi/4 - 4pi/4)

                 = - sin(3pi/4)

sin(3pi/4) is a special angle , which is sqrt(2)/2

Hence, sin(7pi/4) = -sin(3pi/4)

                             = -sqrt(2)/2

Answer:

-sqrt(2)/2

Step-by-step explanation:

did the test

A woman has 31 coins in her pocket, all of which are dimes and quarters. If the total value of the coins is $ 5.20, how many dimes and how many quarters does she have?

Answers

Answer:

D+Q = 31

10D + 25Q = 595

10D + 10Q = 310

subtract to get

15Q = 285 Q = 285/15 = 19 quarters D = 31-19 = 12 dimes

y 10- 9 8 6 5 4 2 1 2 3 4 5 6 7 8 9 10 What is the equation of the blue line? X​

Answers

Therefore , the solution of this is  the required system of equation is,

y=-x+6 and y=x+10.

Explain the equation.

A mathematical equation is a formula that links two statements by indicating their equivalence with the equal sign (=). A mathematical statement that proves the equality of two mathematical expressions is known as an equation in algebra. For instance, the components 3x + 5 and 14 in the equation 3x + 5 = 14 are separated by an equal sign. The relationship between two sentences on either side of a letter is expressed mathematically. There is frequently only one variable, which doubles as the symbol. say that 2x - 4 Equals 2.

Here,

(0,6) and the blue line pass through them (-2,8). You may figure out the equation for the blue line as,

=> y-6/x-0 =  8-6 /-2-0

=>y-6/x = 2/-2

=> y-6=-1(x)

y=-x+6

(-2, 8) and the red line pass through them (-3,7). The red line's equation can be calculated as,

y-8/x- (-2) = 8-7 /-2-(-3)

y-8 /x+2 = 1

y-8=x+2

y = x + 10

Thus, the required system of equations is,

y=-x+6 and y=x+10.

Therefore , the solution of this is  the required system of equations is,

y=-x+6 and y=x+10.

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How do I even do this?

Answers

Answer:

going to have to to get the house ready

there are no good answers on brainily can someone pls answer this

Answers

Answer:

D

Step-by-step explanation:

first simplify everything

2/9v + 1/3v - 5/9

A and B is wrong because it is - 5/9 not + 5/9

C is wrong because it is -1/3v not 1/3, it is supposed to be - 5/9

You can solve this problem without much solving


hope this helps :)

Say you take out a loan with a principal of $44,500. The interest rate is 13.11%, compounded monthly. If you make
consistent monthly payments and pay off the loan over the course of six and a half years, how much interest will you
have paid in total? Round dollar amounts to the nearest cent.
a. $21,849.92
b. $3,018.03
C. $20,003.60
d. $24,321.18

Answers

The total amount of interest you will have to pay is $21,849.92. As a result, choice A is accurate.

What is monthly compounding?

Compound monthly is the term used to describe a loan's interest rate, which is added to the principle each month and charged in installments. For instance, a $1,000 loan with a 12% annual interest rate compounded monthly would become $1,010 after the first month if the interest rate was 1%.

Monthly compounding is calculated by multiplying the principal amount by one plus the interest rate by the number of periods, raised to the power of the number of periods. This quantity is subtracted from the principal amount to determine the interest amount.

Thus;

[tex]Interest = 44,500(1 + 0.1311/100)^{6.5} \\= $21,849.92[/tex]

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Keshia goes to the post office to mail a package and a few letters. Stamps cost 49 cents each. It will cost $7.65 to mail the package. Keshila has 10.00. a. Write an inequality to represent this situation, where x is the number of stamps.

Answers

The inequality to represent the number of stamps Keshia can buy with $10.00, considering that each stamp costs 49 cents, can be written as:

0.49x + 7.65 <= 10.00

Define Inequality.

An inequality in mathematics is a relation that compares two numbers or other mathematical expressions in an unequal way. The majority of the time, size comparisons between two numbers on the number line are made.

Define expression.

Mathematical expressions consist of at least two numbers or variables, at least one arithmetic operation, and a statement. It's possible to multiply, divide, add, or subtract with this mathematical operation. An expression's structure is as follows: Expression: (Math Operator, Number/Variable, Math Operator)

The inequality to represent the number of stamps Keshia can buy with $10.00, considering that each stamp costs 49 cents, can be written as:

0.49x + 7.65 <= 10.00

This inequality can be read as "the cost of x number of stamps plus the cost of the package is less than or equal to Keshia's budget of $10.00."

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shia has 6 new boxes of crayons . each box has 8 crayons he also has 7 crayons from an old box how many crayons does he have

Answers

55 crayonsssssssssssssssss

The answer is: 55 crayons.

Explanation: He has 6 boxes with 8 crayons in each. 6 times 8 = 48. Plus the seven left from the other box = 48+7= 55 crayons.!!

Please help me solve

Answers

On solving the provided question, we can say that - the linear equation

y=mx+b = [tex]y=6.4(82)+1900= > y=524.8+1900= > y=2424.8[/tex]

What is a linear equation?

The algebraic equation y=mx+b is known as a linear equation. B is the y-intercept, and m is the slope. The previous sentence, where y and x are variables, is commonly referred to as a "linear equation in two variables." Bivariate linear equations are those that contain two variables in them. The linear equations 2x - 3 = 0, 2y = 8, m + 1 = 0, x/2 = 3, x + y = 2, and 3x - y + z = 3 are examples. When an equation has the formula y=mx+b, with m denoting the slope and b the y-intercept, it is referred to as being linear.

y=mx+b

x=gallons of fuel

y=total weight of plane including fuel

m=slope=6.4

b=weight of plane, no fuel....a constant to be calc'd

[tex]y=mx+b\\2245.6=6.4(54)+b\\2245.6=345.6+b\\ b=1900\\ y=6.4x+1900\\ y=6.4x+1900\\ y=6.4(82)+1900\\ y=524.8+1900\\ y=2424.8[/tex]

82gallons fuel is 2424.80 lbs

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Y= 25x + 115
What is the rate of change and what does it represent?

Answers

Answer:

Step-by-step explanation:

y= 265

The rate of change of the equation is 25.


What is the rate of change?

The rate at which one quantity changes in relation to another quantity is known as the rate of change function. Simply put, the rate of change is calculated by dividing the amount of change in one item by the corresponding amount of change in another.

Given that the linear equation is y = 25x + 115. The rate of change of the equation is represented by the slope or gradient of the equation of the line.

Here in the equation y = 25x + 115 the rate of change is 25. Which is equivalent to the slope of the line.

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A rectangle with an area of 5050 units^2
2
is the image of a rectangle that was dilated by a scale factor of \frac{1}{3}
3
1

. Find the area of the preimage, the original rectangle, before its dilation. Round your answer to the nearest tenth, if necessary.

Answers

Dilation is a type of transformation that enlarges or shrinks shapes (called archetypes) to create new shapes (called images). Archetype area is 5050 [tex]unit^2[/tex] * 3 = 15,150 [tex]unit^2[/tex]

How can I inflate my model?

Add the square of the scaling factor s to the area of ​​the figure before stretching Ap. In other words, the equation Ad = s2Ap gives the area of ​​the figure after dilation Ad. a d = s2a p .

To find the archetype area, we need to undo the applied stretch. Since the stretch factor was 1/3, we can undo it by multiplying the image area by the inverse of the scale factor (1/1/3 = 3). So the area of ​​the archetype is 5050 [tex]unit^2[/tex] * 3 = 15,150.[tex]unit^2[/tex]

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Kemi is used division to write a fraction equivalent to 30/100. She tried to divide the numerator and denominator by 3. She got stuck what advice would u give her?

Answers

Answer: She can multiply the numerator and the denominator by the same number. For example, 30/100 × 2/2

So what you're doing multiplying the numerator & the denominator each by 2. 30 ×2 = 60 and 100 x 2 = 200, ending up with 60/200.

when reduced it would simplify back to 30/100.

You can do the same for each similar. Problem asking for an equivalent. Just multiply both the numerator and denominatorby the same number.

Step-by-step explanation:

Susan invested a total of $9000 in two accounts. One account pays 3% interest and the other account pays 6% interest. The total return from both accounts was $450.

Answers

The money invested in a  account with 3% interest is $3000 and the money invested in a  account with 6% interest is $6000.

What is the simple interest?

Simple interest is a method to calculate the amount of interest charged on a sum at a given rate and for a given period of time.

Simple interest is calculated with the following formula: S.I. = (P × R × T)/100, where P = Principal, R = Rate of Interest in % per annum, and T = Time.

Given that, Susan invested a total of $9000 in two account.

One account pays 3% interest and the other account pays 6% interest.

Let the money invested in a  account with 3% interest be x.

Then, the money invested in a  account with 6% interest be 9000-x.

The total return from both accounts was $450.

Here, (x×3×1)/100 + ((9000-x)×6×1)/100 =450

3x+54000-6x=45000

54000-3x=45000

3x=9000

x=$3000

So, 9000-x=$6000

Therefore, the money invested in a  account with 3% interest is $3000 and the money invested in a  account with 6% interest is $6000.

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8. If you got 27 questions correct on
a test that has 32 questions, what
percent of the questions did you
correct on the test?

Answers

84.37 percent of the questions correct.

Solve systems of equations by elimination -3x-3y=3 3x+6y=9

Answers

Answer: x = -5, y = 4

Step-by-step explanation:

Align the two equations according to their terms:

[tex]\left \{ {{-3x-3y = 3} \atop {3x+6y = 9}} \right.[/tex]

Add the two equations. Because -3x and 3x equals zero, they can be eliminated from the equation. This results in:

[tex]3y = 12\\y = 4[/tex]

Plug in y = 4 into the first equation:

[tex]-3x - 3(4) = 3\\[/tex]

Solve for x:

[tex]-3x-12 = 3\\-3x = 15\\x = -5[/tex]

Check by plugging in both x and y:

[tex]-3(-5) - 3(4) = 3\\15 - 12 = 3\\3 = 3[/tex]

So, x = -5 and y = 4

A person draws a card from a hat. Each card is one color, with the following probabilities of being drawn: 1/10 for pink, 1/15 for white, 1/20 for blue, and 1/5 for black. What is the probability of pulling a black or pink card, written as a reduced fraction?

Answers

Answer:

wouldn't it be 1/25 black??

5) Is y = x^3 a function. Why or why not; please use complete sentences.

Answers

Yes, the expression; y = x³ is a function because it passes the vertical line test.

What is function?

Function from a set x to a set y assigns to each element of x exactly one element of y. The set x is called the domain of the function and the set y is called the codomain of the function.

There are 4 types of functions:

Functions with arguments and return values Functions with arguments and without return valuesFunctions without arguments and with return valuesFunctions without arguments and without return values

On this note, the set containing all possible values of x is called the domain of the function and the set y is called the co-domain of the function. Functions were originally the idealization of how a varying quantity depends on another quantity.

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Mario had 8 1/5
yards of ribbon for a project. Sue gave him 2 3/4 more yards of ribbon. Which is closest to the number of yards of ribbon Mario had altogether?

Answers

The closest to the number of yards of ribbon Mario had altogether will be ;

⇒ 11 yards

What is mean by Fraction?

A fraction is a part of whole number, and a way to split up a number into equal parts. Or, A number which is expressed as a quotient is called fraction. It can be written as the form of p : q, which is equivalent to p / q.

Given that;

Mario had 8 1/5 yards of ribbon for a project.

And, Sue gave him 2 3/4 more yards of ribbon.

Now,

Since, Mario had 8 1/5 yards of ribbon for a project.

And, Sue gave him 2 3/4 more yards of ribbon.

Hence, Total ribbon for the project Mario have = 8 1/5 yards + 2 3/4 yards

                                                                        = 41/5 + 11/4

                                                                        = (164 + 55) / 20

                                                                         = 219 / 20 yards

                                                                         = 10.95 yards

                                                                         ≈ 11 yards

Thus, Total ribbon for the project Mario have = 11 yards

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what is the area of 12 1/2 feet long and 11 3/4 feet wide

Answers

now, we're assuming this is some rectangular area, and thus is simply the product of both quantities, let's change all mixed fractions to improper fractions firstly.

[tex]\stackrel{mixed}{12\frac{1}{2}}\implies \cfrac{12\cdot 2+1}{2}\implies \stackrel{improper}{\cfrac{25}{2}} ~\hfill \stackrel{mixed}{11\frac{3}{4}} \implies \cfrac{11\cdot 4+3}{4} \implies \stackrel{improper}{\cfrac{47}{4}} \\\\[-0.35em] ~\dotfill\\\\ \cfrac{25}{2}\cdot \cfrac{47}{4}\implies \cfrac{1175}{8}\implies 146\frac{7}{8}~ft^2[/tex]

AP TEST QUESTION 1
PLEASE HELP
ILL GIVE BRAINLIST ANSWER
IMAGE ABOVE

Answers

On solving the provided question we can say that - from the graphs n f (x) and g( x) are 1 and 5 .

What is graphs?

Graphs are visual representations or charts used in mathematics to methodically express data or values. A relationship between two or more objects is frequently represented by a point on a graph. A non-linear data structure called a graph is made up of nodes, or vertices, and edges. Connect the nodes, also known as vertices. This graph comprises a set of vertices V= 1, 2, 3, 5, and a set of edges E= 1, 2, 1, 3, 2, 4, and (2.5), (3.5), (4.5). Statistics graphs (bar charts, pie charts, line charts, etc.) Exponential diagrams. triangle graph, a logarithmic graph

by graphs of the function f (x) and g( x).

[tex]lim f ( x) + lim g ( x )\\= -1 + 2 = 1\\ f ( -1 ) + lim g ( x)\\= 3 + 2\\= 5[/tex]

from the graphs n f (x) and g( x) are 1 and 5 .

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profits of calculess corporation this year were 140% of profits last year. if profits this year were $4900, what were profits last year.

Answers

The profits last year were $2041.66

What are percentages?

A percentage is a number or ratio that can be expressed as a fraction of 100. If we have to calculate the percent of a number, divide the number by the whole and multiply by 100. Hence, the percentage means, a part per hundred. The word percent means per 100. It is represented by the symbol “%”

Given here, profits of calculess corporation this year were 140% of profits last year. if profits this year were $4900, then let the profit last year be x then we have 2.4x=4900

                            x=4900/2.4

                            x=2041.66

Hence, The profits last year were $2041.66

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What is the value of the expression below?
−2
1
3
− 3
5
6
+ 1
1
3
?

Answers

Answer:

Step-by-step explanation:

The expression you've provided is a combination of several fractions, but it's not clear how they are supposed to be combined. Without more information, it's impossible to know what the value of the expression is.

It would be helpful if you could provide more context or clarify how you want the fractions to be combined.

I can only tell you how the fraction works in mathematics and how you can evaluate the value of it if you have the complete information.

The graph below represents the linear equation y = 1/2x - 3.

A second linear equation is represented by the data in the table.
x | y
-1 | 1
0 | 0
2 | -2
3 | -3

What is the solution to the system of equations?
A) (-2, -4)
B) (1, -1)
C) (2, -2)
D) (4, -4)

Answers

Answer:

(2,-2)

Step-by-step explanation:

The answer is the intercept point of both lines, so we need to find the point when both the line touches, with out graphing we can see by the table that point (2, -2) intercepts with the line on the graph.


hope this helps :)

Answer:

C) (2, -2)

--------------------------

From the table we see each y-coordinate is the negative of the corresponding x-coordinate. It gives us the second line:

y = - x

The first line is given y = 1/2x - 3, equate both to get:

- x = 1/2x - 3-2x = x - 6x + 2x = 63x = 6x = 2

Then the value of y:

y = - x = - 2

The solution is (2, - 2).

b.) Suppose the Governor of Louisiana decided that all license plates must begin with the
letter A on each license plate. How many fewer license plates would
Louisiana be able to issue using the Governor's mandate for license plates?

Answers

Answer: atleast alot

Step-by-step explanation:

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