David has a bank account which pays interest at the rate of 1.5% per year, compounded annually. Determine what amount David

must have in the bank, given that he would like to draw an annual salary of $32,635.15 from his account at the end of each year

for 30 years. Round to the nearest cent.

Answers

Answer 1

Answer: the amount that David must have in the bank is $783243.6

Step-by-step explanation:

We would apply the formula for determining present annuity. It is expressed as

PV = R[1 - (1 + r)^- n]r

Where

PV represents the present value of the investment.

R represents the regular payments made(could be weekly, monthly)

r = represents interest rate/number of interval payments.

n represents the total number of payments made.

From the information given,

r = 1.5/100 = 0.015

n = 30 years

R = $32,635.15

Therefore,

PV = 32635.15[1 - (1 + 0.015)^- 30]/0.015

PV = 32635.15[1 - (1.015)^- 30]/0.015

PV = 32635.15[1 - 0.64]/0.015

PV = 32635.15[0.36]/0.015

PV = 32635.15 × 24

PV = $783243.6

Answer 2

a. $783,760.48

on edgen


Related Questions

Does the point (-4,-14) lie on the line
y = 2x - 6?​

Answers

Answer:

Substitute the coordinate of point into line equation, we have:

2 x (-4) - 6 = -14

=> The point lies on the line

Hope this helps!

:)

Three cube-shaped boxes are stacked one above the other. The volumes of two of the boxes are 1,331 cubic meters each, and the volume of the third box is 729 cubic meters. What is the height of the stacked boxes in meters?

A.
19
B.
29
C.
30
D.
31

Answers

Answer:

  D.  31

Step-by-step explanation:

The edge dimension of a cube is the cube root of the volume. For the two boxes that are 1331 m³, the height is ...

  ∛(1331 m³) = 11 m

For the box that is 729 m³, the height is ...

  ∛(729 m³) = 9 m

Then the total height of the stack of boxes is ...

  11 m + 11 m + 9 m = 31 m

Answer:

31

Step-by-step explanation:

I took the test on Edmentum, have a good day hope it helps :)

The area of a round table in Kim’s living room is 201 square inches. What is the circumference of the round table, to the nearest hundredth of an inch? A.100.49 inchesC.50.24 inchesB.89.03 inchesD.25.12 inches

Answers

Answer:

C. 50.24 inches

Step-by-step explanation:

The area of a circle can be represented by [tex]\pi r^{2}[/tex]. To find the circumference, all we need to do is know the radius, and then we can plug that value into the circumference formula [tex]2\pi r[/tex]. So, to find the radius we see that:

[tex]\pi r^{2} = 201[/tex]

[tex]r = \sqrt{\frac{201}{\pi } }[/tex]

So, the circumference is:

[tex]2\pi (\sqrt{\frac{201}{\pi } })[/tex], which is closest to the answer C) 50.24 inches.

Hope this helped! :)

david has to sell 778 chocolate bars to win a trip if each box contains 18 chocolate bars how many boxes will he need to sell to win the trip

Answers

Answer:

44 boxes

Step-by-step explanation:

778/18 = 43.222

round up cause you cant sell 2/10 of a box


A group of students were surveyed to find out if they like watching television or reading during their free time. The results of the survey are shown below:
90 students like watching television
20 students like watching television but do not like reading
80 students like reading
40 students do not like watching television
Make a two-way table to represent the data and use the table to answer the following questions.
Part A: What percentage of the total students surveyed like both watching television and reading? Show your work. (5 points)
Part B: What is the probability that a student who does not like watching television also does not like reading? Explain your answer. (5 points)​

Answers

Answer:

Part A = 73.91%

Part B = 1/2 probability

Step-by-step explanation:

Part A - 90 + 20 + 80 + 40 = 230(total students)

90 + 80 = 170 students who like tv and reading

170/230 × 100 = 73.91%

Part B - 20(no read)/40(no tv) = 1/2 probability

The table represents a function.
What is f(5)?
o-8
х
—4
-1
3
5
f(x)
-2
5
4
-8
ооо
1

Answers

Answer:

f(5) = -8

Step-by-step explanation:

x     -4  -1  3  5

f(x)  -2  5  4  -8

f(5) is the value of f(x) when x = 5

f(5) = -8

Answer:

A) -8

Step-by-step explanation:

The person above me is correct because f(5) is the value of f(x), x=5. So f(5) = -8.

Which of the following are mathematical sentences?
Check all that apply.

Answers

Answer:

A, B, C, F

Step-by-step explanation:

they need to include an = sign

Answer:

Now you know the answer from my explanation.

Step-by-step explanation:

The one which is not a mathematical statement is that which does not evaluate to anything.. Doesn't have the equal to sign

Write an equation of the line that passes through (-5,3) and is parallel to the line y=-x+3

Answers

Answer:

y = -x - 2

Step-by-step explanation:

Note that the given line, y=-x+3, has a slope of -1.  Any new line parallel to this one must also have that slope, -1:

y=-x+3 becomes 3 = -(-5) + C, where C is the y-intercept:

3 = 5 + C, or C = -2

Thus, the desired equation of this new line is y = -x - 2


Find AB
Round to the nearest tenth.

Answers

Answer:4.1

Step-by-step explanation:

c=AB

C=26°

B=122°

b=8

Using sine rule

c/sinC = b/sinB

c/sin26=8/sin122

Sin26=0.4384

Sin122=0.8480

c/0.4384=8/0.8480

Cross multiply

c x 0.8480=8 x 0.4384

c x 0.8480=3.5072

Divide both sides by 0.8480

(c x 0.8480)/0.8480=3.5072/0.8480

c=4.1

3) Write an equation of a circle satisfying the following conditions:
Center: (-2,5)
Radius: 23
a) (x - 2)2 + (v + 5)= 12
b) (x + 2)2 + (y – 5)2 = 12
c) (x - 2)2 + (y + 5)= 144
d) (x + 2)2 + (-5) = 154

Answers

Answer:

Ok :] ummmm report me i'm no help.

Step-by-step explanation:

⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⣠⣶⡾⠏⠉⠙⠳⢦⡀⠀⠀⠀⢠⠞⠉⠙⠲⡀⠀ ⠀⠀⠀⣴⠿⠏⠀⠀⠀⠀⠀⠀⢳⡀⠀⡏⠀⠀⠀⠀⠀⢷ ⠀⠀⢠⣟⣋⡀⢀⣀⣀⡀⠀⣀⡀⣧⠀⢸⠀⠀⠀⠀⠀ ⡇ ⠀⠀⢸⣯⡭⠁⠸⣛⣟⠆⡴⣻⡲⣿⠀⣸⠀⠀OK⠀ ⡇ ⠀⠀⣟⣿⡭⠀⠀⠀⠀⠀⢱⠀⠀⣿⠀⢹⠀⠀⠀⠀⠀ ⡇ ⠀⠀⠙⢿⣯⠄⠀⠀⠀⢀⡀⠀⠀⡿⠀⠀⡇⠀⠀⠀⠀⡼ ⠀⠀⠀⠀⠹⣶⠆⠀⠀⠀⠀⠀⡴⠃⠀⠀⠘⠤⣄⣠⠞⠀ ⠀⠀⠀⠀⠀⢸⣷⡦⢤⡤⢤⣞⣁⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⢀⣤⣴⣿⣏⠁⠀⠀⠸⣏⢯⣷⣖⣦⡀⠀⠀⠀⠀⠀⠀ ⢀⣾⣽⣿⣿⣿⣿⠛⢲⣶⣾⢉⡷⣿⣿⠵⣿⠀⠀⠀⠀⠀⠀ ⣼⣿⠍⠉⣿⡭⠉⠙⢺⣇⣼⡏⠀⠀⠀⣄⢸⠀⠀⠀⠀⠀⠀ ⣿⣿⣧⣀⣿.........⣀⣰⣏⣘⣆⣀⠀⠀

B I think........./.........

Please help asap! Will give brainliest! Please read the question then answer correctly! No guessing.

Answers

Answer: A. (0,a)

[tex]f(x) = a \cdot b^x[/tex]

[tex]f(0) = a \cdot b^0 = a \cdot 1 = a[/tex]

Answer:

I think it's B, but I don't really know how to explain it. Please rate this answer 5 stars if it is correct.

Step-by-step explanation:

ABC is a right-angled triangle. Calculate the length of AB. Give your answer correct to 2 decimal places.

Diagram is there too as I couldn't fit the question in. ​

Answers

Answer:

10.83

Step-by-step explanation:

The length of AB to 3 decimal places is 10.83 cm

The given figure is a right triangle

From the triangle, we are given the following parameters

AC = 18cm

m<C = 38 degrees

we need to get the length of AB

Using the SOH CAH TOA identity

[tex]sin \theta = \frac{opposite}{hypotenuse} \\sin 37 = \frac{AB}{18}\\AB = 18 sin37\\AB =18(0.6018)\\AB =10.832cm[/tex]

Hence the length of AB to 3 decimal places is 10.83 cm

Learn more here: https://brainly.com/question/19286106

determine which equation below has a solution of x= 1/2

Answers

Answer:2x-1=0

Step-by-step explanation:

x=1/2

Cross multiply

2x=1

Subtract 1 from both sides

2x-1=1-1

2x-1=0

The equation below has a solution of x= 1/2 will be 2x-1=0.Option A is correct.

What is the equation?

A mathematical statement consisting of an equal symbol between two algebraic expressions with the same value is known as an equation.

Given expression;

x=1/2

2x=1

Take 1 away from both sides.

2x-1=1-1

2x-1=0

The equation below has a solution of x= 1/2 will be 2x-1=0.

Hence, option A is correct.

To learn more, about equations, refer;

https://brainly.com/question/10413253

#SPJ2

According to the Rational Root Theorem, Negative seven-eighths is a potential rational root of which function?

Answers

Answer A should be correct

Answer:

f(x)=24x^7+3x^6+4x^3-x-28

Step-by-step explanation:

write it as a product: -[tex]ax^{6}[/tex]+[tex]\frac{1}{8}[/tex]

Answers

Answer:

[tex]\frac{-abx^{6}+1 }{b}[/tex]

Step-by-step explanation:

12. Karen needs to spend at least $100 at a clothing store in order to receive 20% off her total purchase. So far she has spent $78 and she wants to spend the rest on new pairs of socks that cost $5.50 each. Write and solve an inequality to determine n, the number of socks Karen needs to buy in order to receive 20% off her total purchase.

Pick the Answer In the picture

Answers

Answer:

The answer would be the first one.

Step-by-step explanation:

5.50 x n which n=4 so its actually 5.50 x 4 which equals 22 then you add the 22 to the 78 to get the result of exactly 100 dollars.

For several hours you watch a group playing dice on the street and you notice that the owner of the dice often wins.

Answers

Answer:

there is no question

Step-by-step explanation:

It looks like the owner plays dirty, meaning he uses a trick of some kind to somehow influence the outcome in such a way, that it's outcome is no longer random.

By influencing the outcome, the owner can obtain an advantage over the playeers who are not aware of the trick or skill involved.

This is unfair and can be considered "dirty". This game is 'fixed'.

What is the height?
4m
3m
2m
find area

Answers

Answer:

I think the area is 24

Step-by-step explanation:


The GCF of 18 and 30 is

Answers

Answer: 6

Step-by-step explanation:

Answer:

The answer is 6, 6 is the GCF

Step-by-step explanation:

6 is the the Greatest Common Factor (GCF) because 6 can go into both numbers 18 and 30 evenly, 6 can multiply with 3 for the product to be 18 and 6 can multiply with 6 for the product to be 30. I hope this help.    :  )

simplify using order of operations
17-5⋅(3-4)+(-8)⋅(-3)

Answers

Answer:

46

Step-by-step explanation:

17−5(3−4)+(−8)(−3)

=17−(5)(−1)+(−8)(−3)

=17−(−5)+(−8)(−3)

=22+(−8)(−3)

=22+24

=46

Easy 5th grade math help me :>

Answers

Answer:

52

Step-by-step explanation:

Answer:

it is 52

Step-by-step explanation:

each number been add 4

32+4=36

36+4=40

40+4=44

44+4=48

48+4=52

find the value of x. Round the length to the nearest meter

Answers

Answer:

we need a picture to help

If a = -9 and b = -4, what is the value of a + b ?

-5
5
-13
13

Answers

Answer: -13

Step-by-step explanation:

-9 plus -4 equals -13

Answer:-13 I just know.                  

Step-by-step explanation:

find the area of the attached image below. PLEASE HELP ASAP!

Answers

Answer:I think 15

Step-by-step explanation:

Each parking spot is 8 feet wide. A parking lot has 24 parking spots side by side. What is the width (measured in yards) of the parking lot?

Answers

Answer: 64 yards I think

Step-by-step explanation:

Answer: If it's just 8 feet wide, 64 yards, if 8 and 1/2, 68 yards.

Step-by-step explanation:

A car travel 65kms from A to B in 70 minutes and 80 km from B to C in 75 minutes.
Find the average speed in km/h of the car for the whole journey?

Answers

Answer:

  60 km/h

Step-by-step explanation:

The car has traveled a total distance of 65+80 = 145 km in 70+75 = 145 minutes. Then the average speed is ...

  speed = distance/time = (145 km)/(145 min)·(60 min/h) = 60 km/h

The average speed for the journey is 60 km/h.

Find the missing dimension of the cylinder. Round your answer to the nearest whole number.

Please help!

Answers

Answer:

4 in to the nearest whole number.

Step-by-step explanation:

Volume of a cylinder = π r^2 h

Here Volume = 25 in^3 and r = 1/2 * 3 = 1.5 in.

So:  25 =  π *  1.5^2 * h

25 = 2.25π h

h = 25 / 2.25π

h = 3.54 in

After a special medicine is introduced into a petri dish full of bacteria, the number of bacteria remaining in the dish decreases rapidly. The relationship between the elapsed time,t, in seconds, and the number of bacteria, B(t), in the petri dish is modeled by the following function:

B(t)=9,300•(1/64)^t

Complete the following about the rate of change of the bacterial culture. Round your answer to two decimal places.

The bacterial culture loses 1/2 of its size every _________ seconds.

Answers

Answer:

  0.17

Step-by-step explanation:

The function can be rewritten as ...

  B(t) = 9300·((1/2)^6)^t = 9300·(1/2)^(6t)

In order to multiply the number of bacteria by 1/2, the value of the exponent 6t must be equal to 1:

  6t = 1

  t = 1/6 ≈ 0.166667 ≈ 0.17

The culture loses half its size every 0.17 seconds.

.17

Step-by-step explanation:

sum of exterior angle triangle is 360°

Answers

Answer:

True

Step-by-step explanation:

The exterior angles of a triangle are the angles that form a linear pair with the interior angles by extending the sides of a triangle. The sum of the exterior angles of a triangle and any polygon is 360 degrees.

(Google) ( don’t copy and paste for your work, change it up a little!) hope this helped!

A bedroom wall is to be painted around a window as shown below.

A rectangle with length 11 feet and width 10 feet. A smaller rectangle with length 3 feet and width 2 feet is cut out of the larger rectangle.

What is the area of the wall that will be painted?
A.6 feet squared
B.104 feet squared
C.110 feet squared
D.116 feet squared

Answers

Answer:B.104 feet squared

Step-by-step explanation:

First find the area of the rectangle 11×10=110 then find the area of the window 3×2=6 then subtract 110-6=104

Answer:

B

Step-by-step explanation:

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