You have $50,000 in savings for retirement in an investment earning 5% annually. You aspire to have $1,000,000 in savings when you retire. Assuming you add no more to your savings, how many years will it take to reach your goal?

Answers

Answer 1

Answer: It will  take you about 61 years for you to reach your goal.

Step-by-step explanation:

We will represent this situation by an exponential function. So if you earn 5% yearly then we could represent it by 1.05.So in exponential function we need to find the initial value and the common difference and in this case the common difference is 1.05 and the initial value or amount is 50,000 dollars.

We could represent the whole situation by the equation.

y= [tex]50,000(1.05)^{x}[/tex]  where x is the number of years. so if you aspire to have 1,000,000 in some years then we will put in 1 million dollars for y and solve for x.

1,000,000 = 50,000(1.05)^x   divide both sides by 50,000

20 = (1.05)^x

x= 61.40


Related Questions

What is the second step when evaluating the expression 49 + 63 ÷ (3 + 2 × 2) – 7? 63 ÷ 3 63 ÷ 7 2 × 2 3 + 4

Answers

ANSWER: Multiply and Divide from left to right

To do this question we must follow the rules of PEMDAS. The first step would be to evaluate the equation given to us in the parentheses. To solve that we would have to use PEMDAS once again which tells us to multiply 2 x 2 before we add 3, so we get 7. Now that there is no more Parentheses, our second step is to evaluate each Multiplication and Division expression from left to right. This would start by dividing 63 by 7 to get 9.



Suppose you invest $15,000 at the age of 35, and agree to start receiving

payments at the age of 45. At age 41, you decide you want to withdraw $5000

from your account. What is the IRS fee you will have to pay? Remember, the

IRS charges 10% if you withdraw before you are 59.5.

A. $500.00

B. $750.00

C. $50.00

D. $250.00

Answers

Answer:

A. $500.00

Step-by-step explanation:

IRS popularly known as  Internal revenue service charges an IRS fee under the authority of the Federal Law and policy agencies. This implementation of IRS fee is to recuperate the cost of rendering a service to the masses.  

From the given information in the question:

Suppose you invest $15,000 at the age of 35 and agree to start receiving  payments at the age of 45.

At age 41, you decide you want to withdraw $5000  from your account.

Since the investor is still 41 years of age ; IRS will charge 10% of the withdrawal amount.

IRS fee = 10% of $5000

IRS fee = 0.1 × $5000

IRS fee = $500

What is the GIM of a strip mall with annual income of $547,500 and a value of $6,345,000?

Answers

Answer:

11.6

Step-by-step explanation:

GIM means Gross Income Multiplier and it is a method used for valuating a property or an investment. It is expressed mathematically as the ratio of the property's value/sales price and its gross annual income.

GIM = Value of an investment/Gross annual income.

Given the annual income = $547,500 and Value =  $6,345,000;

GIM =  $6,345,000/$547,500

GIM = 11.589

GIM ≈ 11.6

Hence, the Gross Income Multiplier  of the strip mall is approximately 11.6.

GIM has no units.

Solve: 5x=110. (Round to three decimal places.)

Answers

Hey there! Welcome to Brainly! I'm happy to help!

In equations, letters like x or y are called variables. They represent a number that we do not know yet, or they can almost be seen as a question mark in an equation. For example, 1+?=2. We know that this ? represents the number 1, and the same would go if you put a variable in there. If you have 1+x=2, you can figure out that x=1!

Our equation is 5x=110. When you see a number next to a variable, that number is called the coefficient. It is a number that multiplies a variable. So, our coefficient is 5. This means that five is multiplied by x to equal 110.

5·x=110

What if we don't know off the top of our heads what we multiply 5 by to get to 110? It was easy with 1+1=2, but this is trickier. Here's how to figure it out.

We want to get the x all by itself on one side of the equation. Then, we will see what x equals.

To do this, we use inverse operations. I will show you below with our 1+x=2 example.

1+x=2

We have a positive one plus an x equals two. We could visualize this like this.

+1+x=2

What we want to do is move the 1 to the other side of the equation so that x is by itself. So, what's the opposite of adding? Subtracting!

However, we don't just subtract the 1 from the left side, but we do it from the right side! You have to do the inverse operation on both sides to find the answer.

So, let's subtract 1 from both sides.

+1+x-1=2-1

x=1

We see that x equals 1, and if we plug this into the equation 1+x=2, we see that it is correct.

Now, with our problem, we need to divide, because that is the opposite of multiplication. We need to divide both sides by 5 to isolate the x. Let's do it!

5x÷5=110÷5

x=22

We see that 5×22 is equal to 110, so this is correct! Now you can solve for variables in equations!

Have a wonderful day!

hich sequence of transformations could map △ABC to △XYZ? a reflection across line m and a dilation a dilation by One-fourth and a reflection across line m a rotation about C and a dilation a dilation by One-fourth and a translation

Answers

Answer:

a dilation by One-fourth and a translation

Step-by-step explanation:

For determining the sequence first we have to find out the scale factor which is shown below:

We can calculate the scale factor to obtain  

[tex]= \frac{1.5}{6} \\\\ = \frac{1}{4}[/tex]

Now as we know that the triangle XYZ and the triangle ABC are similar to each other but in the triangle XYZ is smaller in size and it is a shift to upward and right

Therefore the last option is correct

In how many ways can 13 people be divided into four groups with 3, 6, 2 and 2 people respectively?

Answers

Answer:

6227020800

Step-by-step explanation:

There are 13 ways to choose the first person in the first group, 12 ways to choose the second person in the first group and so on until we get 1 way to choose the second person in the last group so the answer is 13 * 12 * 11 * ... * 3 * 2 * 1 = 13! = 6227020800.

A swimming pool is circular with a 30-ft diameter. The depth is constant along east-west lines and increases linearly from 2 ft at the south end to 7 ft at the north end. Find the volume of water in the pool. (Round your answer to the nearest whole number.) ft3

Answers

Answer:

Volume of water in the pool is 3,182 ft^3

Step-by-step explanation:

In this question, what we want to calculate is the volume of water in the pool.

We proceed as follows;

diameter of pool = 30ft

depth: 2 to 7ft linearly

average depth = (2 + 7)/2 = 9/2 = 4.5 ft

Volume = area * average depth

V = pi * radius^2 * 4.5

where radius = diameter/2 = 30/2 = 15 ft

V = pi * 15^2 * 4.5

V = 22/7 * 225 * 4.5

V = 3,182.14 ft^3

which is 3,182 ft^3 to nearest whole number

The volume of water in the pool is; Volume = 3181 ft³

We are given;

Diameter of swimming Pool; d = 30 ft

Thus; radius; r = d/2 = 30/2 = 15 ft

We are told that the depth is constant along east-west lines and increases linearly from 2 ft at the south end to 7 ft at the north end.

Thus, average depth is;

h_avg = (2 + 7)/2

h_avg = 4.5 ft

Formula for area is; A = πr²

Thus;

A = π × 15²

A = 225π

Formula for volume here is;

Volume = Area × depth

Volume = 225π × 4.5

Volume = 3180.86 ft³

Approximating to a whole number gives;

Volume = 3181 ft³

Read more at; https://brainly.com/question/15276135

Use the Alternating Series Remainder Theorem to determine the smallest number of terms required to approximate the sum of the series with an error of less than 0.0001.

Answers

Answer:

yeyyyaya

Step-by-step explanation:

I need help with this quickly, it would be very much appreciated.

Answers

Answer:

complementary because 2 angles that add up to 90º is a complementary angle and x=9 :)

Step-by-step explanation:

90=46+5x-1

45=5x

x=9

Answer:

x = 9 Complementary

Step-by-step explanation:

The angles are compplementary cause the angle add up to 90°

Well to find x we need to make the following equation,

46 + (5x - 1) = 90

We need to simplify and combine like terms,

46 - 1 = 45

45 + 5x = 90

-45 to both sides

5x = 45

Divide 5 by both sides

x = 9

Thus,

x is 9.

Hope this helps :)

There are 4 red balls and 6 green balls in a bag.
You reach in the bag and take out 3 balls without looking.
What is the probability that all three of the balls you take out are red?

Answers

Answer:

[tex]\frac{1}{30}[/tex]

Step-by-step explanation:

From the question, in the bag there are;

4 red balls

6 green balls

10 balls in total.

Now, reaching in the bag and taking out 3 balls without looking, the probability that all three balls are red, can be analyzed as follows;

All three red means;

The first ball is red,

The second ball is red and;

The third ball is red.

i. First you take out a ball from a total of 10 balls. The probability P⁰(R) of having a red ball is given as;

P⁰(R) = [tex]\frac{possible-space}{total-space}[/tex]

Since there are 4 red balls, the possible-space is 4

Also, since there are a total of 10 balls, the total-space is 10

P⁰(R) = [tex]\frac{4}{10} = \frac{2}{5}[/tex]

ii. Secondly, you take out a ball from a remaining total of 9 balls. The probability P¹(R) of still having a red ball is given as;

P¹(R) = [tex]\frac{possible-space}{total-space}[/tex]

Since there are 3 red balls remaining, the possible-space is 3

Also, since there are a remaining total of 9 balls, the total-space is 9

P¹(R) = [tex]\frac{3}{9} = \frac{1}{3}[/tex]

iii. Thirdly, you take out a ball from a remaining total of 8 balls. The probability P²(R) of still having a red ball is given as;

P²(R) = [tex]\frac{possible-space}{total-space}[/tex]

Since there are 2 red balls remaining, the possible-space is 2

Also, since there are a remaining total of 8 balls, the total-space is 8

P²(R) = [tex]\frac{2}{8} = \frac{1}{4}[/tex]

Therefore, the probability P(R) of taking out three red balls without looking is given by the product of the probabilities described above. i.e

P(R) = P⁰(R) x P¹(R) x P²(R)

P(R) = [tex]\frac{2}{5} * \frac{1}{3} * \frac{1}{4} = \frac{1}{30}[/tex]

What are the positive and negative square roots of 1?

Answers

Answer:

Positive is 1

Negative is-1

Step-by-step explanation:

What the answer fast

Answers

Answer:

72

Step-by-step explanation:

36+36=72

36 + 36 = 72.

The Answer is 72.

In a box-and-whisker plot, the interquartile
range is a measure of the spread of the
middle half of the data. Find the interquartile
range for the data set: 10, 3, 7, 6, 9, 12, 13.

Answers

Answer:

I believe the interquarrile range is 5

Find the area under the standard normal curve between z=−0.89 and z=2.56. Round your answer to four decimal places, if necessary.

Answers

Answer:

  0.8080

Step-by-step explanation:

A suitable probability calculator gives that area as 0.8080.

4x + 12 = 20y Solve for x.

Answers

Answer:

x=5y-3

Step-by-step explanation:

[tex]4x+12=20y\\4x=20y-12\\x=\frac{20y-12}{4} \\x=\frac{20y}{4}- \frac{12}{4} \\x=5y-3[/tex]


9. Express 400cm3 as a fraction of 2 litres
in the lowest form. *
options

1/10
1/5
2/5​

Answers

Answer:

[tex]\boxed{\red{\frac{1}{5} }}[/tex]

Step-by-step explanation:

[tex]400 {cm}^{3} = 400ml \\ 2l = 2000ml[/tex]

So, now we have to write 400cm^3 as a fraction of 2l

[tex] \frac{400}{2000} = \frac{4}{20} = \frac{1}{5} [/tex]

Subtract the rational expressions: (x/x+2)-(2/x)

Answers

Answer: See below

Explanation:

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

can some one plz help me Find an equation in standard form for the ellipse with the vertical major axis of length 16 and minor axis of length 4.

Answers

One of the equations of ellipse is in a form of the lengths of its axes. If we have the length of its major axis as 2a and the length of its minor axis as 2b then, the values of a and b are,

     2a = 16,   a = 16/2 = 8

     2b = 4,     b = 4/2 = 2

Given that we have the major axis as vertical, the equation for ellipse is,

       y²/a² + x²/b² = 1

Substituting,

      y²/8² + x²/2² = 1

Simplifying,

     y² + 16x² = 1

Answer: y² + 16x² = 1

Hope this helped and if it did please give me brainliest, it will help me a lot. :)

Have a good day!

¿Qué interés produce s/ 72,000 al 5% anual en 1 año, 1 mes, 10 días?

Answers

Answer: 3,988.8

Usaremos la fómula: I = C * i * n

I = 72 000 * 0.05 * (1 año + 1 mes + 10 día)

I = 72 000 * 0.05 * (1 + 0.08 + 0.0028)

I = 72 000 * 0.05 * 1.108

3,988.8

Step-by-step explanation:

Podemos obtener el interés que produce un capital con la siguiente fórmula:  

I = C * i * n

Ejemplo: Si queremos calcular el interés simple que produce un capital de 1.000.000 pesos invertido durante 5 años a una tasa del 8% anual. El interés simple se calculará de la siguiente forma:

I = 1.000.000 * 0,08 * 5 = 400.000

Si queremos calcular el mismo interés durante un periodo menor a un año (60 días), se calculará de la siguiente forma:

Periodo: 60 días = 60/360 = 0,16            

I = 1.000.000 * 0,08 * 60/360 =  13.333

Espero te ayude :3

If y>0, which of these values of x is NOT in the domain of this equation? y=x2+7x

Answers

Answer:

[tex]\boxed{\sf \ \ \ [-7,0] \ \ \ }[/tex]

Step-by-step explanation:

Hello

[tex]y=x^2+7x=x(x+7) >0\\<=> x>0 \ and \ x+7 >0 \ \ or \ \ x<0 \ and \ x+7<0\\<=> x>0 \ \ or \ \ x<-7\\[/tex]

So values of x which is not in this domain is

[tex]-7\leq x\leq 0[/tex]

which is [-7,0]

hope this helps

. (08.03 LC) Determine the factors of x2 − 12x − 20. (5 points) (x − 2)(x + 10) (x − 10)(x + 2) (x − 5)(x + 4) Prime

Answers

Answer:

prime

Step-by-step explanation:

We're looking for 2 numbers with a sum of -12 and product of -20 but unfortunately there aren't any numbers that do so, therefore the answer is prime.

Answer:

Prime

Step-by-step explanation:

Given: F={(0, 1), (2, 4), (4, 6), (6, 8)} and G = {(2, 5), (4,7), (5, 8), (6,9). (7.5))
(F. G) (2) =
10
O 20
O 40

Answers

Answer:

  (F·G)(2) = 20

Step-by-step explanation:

We assume you want (F·G)(2).

  (F·G)(2) = F(2)·G(2)

  F(2) = 4 . . . . from the ordered pair (2, 4)

  G(2) = 5 . . . .from the ordered pair (2, 5)

So your product is ...

  F(2)·G(2) = 4·5 = 20

  (F·G)(2) = 20

Find the indicated sum for each sequence. S9 of –9, 36, –144, 576, ... A –585 B –471,861 C 1,887,435 D –471,852

Answers

Answer: Choice B)  -471,861

=====================================================

Explanation:

This is a geometric sequence because each new term is found by multiplying the last term by -4.

The common ratio is r = -4. The first term is a = -9. We want to sum up n = 9 terms.

Use the geometric nth partial sum formula below to plug in the terms mentioned

[tex]S_n = \frac{a*(1-r^n)}{1-r}\\\\S_9 = \frac{-9*(1-(-4)^9)}{1-(-4)}\\\\S_9 = \frac{-9*(1-(-262144))}{1+4}\\\\S_9 = \frac{-9*(1+262144)}{1+4}\\\\S_9 = \frac{-9*(262145)}{5}\\\\S_9 = \frac{-2359305}{5}\\\\S_9 = -471,861\\\\[/tex]

Answer:

-471,861

Step-by-step explanation:

think about whether the diagram represents a function.

Answers

Step-by-step explanation:

im sorry but i need more info or a picture or something to actually anwser the question...

Question 1 (10 points). (a) Explain the difference between linear and logistic regression. (Explain at least two differences and one similarity in detail). (b) Give an example of a modeling problem (ie, using X to predict Y, where X and Y are real life examples) for each type.

Answers

Answer:

(a) Linear regression is used to estimate dependent variable which is continuous by using a independent variable set. Logistic regression we predict the dependent variable which is categorical using a set of independent variables.

(b) Finding the relationship between the Number of doors in the house vs the number of openings. Suppose that the number of door is a dependent variable X and the number of openings is an independent variable Y.

Step-by-step explanation:

(a) Linear regression is used to estimate dependent variable which is continuous by using a independent variable set .whereas In the logistic regression we predict the dependent variable which is categorical using a set of independent variables. Linear regression is regression problem solving method while logistic regression is having use for solving the classification problem.

(b) Example: Finding the relationship between the Number of doors in the house vs the number of openings. Suppose that the number of door is a dependent variable X and the number of openings is an independent variable Y.

If I am to predict that increasing or reducing the X will have an effect on the input variable X or by how much we will make a regression to find the variance that define the relationship or strong relationship status between them. I will run the regression on any computing software and check the stats result to measure the relationship and plots.

Which statement best explains the relationship between lines PQ and RS? They are parallel because their slopes are equal. They are parallel because their slopes are negative reciprocals. They are not parallel because their slopes are not equal. They are not parallel because their slopes are negative reciprocals.

Answers

Answer:

They are not parallel because their slopes are not equal

Step-by-step explanation:

From the diagram attached, The line PQ has point P at (-5, 3) and point Q at (5, 1).

For line RS, point R is at (-4, -2) and point S is at (0, -4).

Two lines AB and CD are said to be parallel to each other if they have the same slope, i.e if the slope of AB is m1 and the slope of CD is m2, m1 = m2. When two lines are parallel, they can never intersect.

The slope (m) of of a line given two points on the line is calculated using:

[tex]m=\frac{y_2-y_1}{x_2-x_1}[/tex]

For line PQ has point P at (-5, 3) and point Q at (5, 1), the slope is given as:

[tex]m_1=\frac{y_2-y_1}{x_2-x_1}=\frac{1-3}{5-(-5)}=-\frac{1}{5}\\[/tex]

For line RS, point R is at (-4, -2) and point S is at (0, -4), the slope is given as:

[tex]m_2=\frac{y_2-y_1}{x_2-x_1}=\frac{-4-(-2)}{0-(-2)}=-1[/tex]

Since the slope of PQ (-1/5) and the slope of line RS (-1)  are not equal, therefore the lines are not parallel

Answer:

They are not parallel because their slopes are not equal.

Step-by-step explanation:

The first person to answer this was correct, please mark them brainliest.

Thank you for the help!!

Answers

Answer:

B. 5

Step-by-step explanation:

Answer:

5

Step-by-step explanation:

You know that the empty barrel is 1/4 of the full barrel. Find 1/4 of 20 to get 0.25 x 20 = 5

The number of users on a website has grown exponentially since its launch. After 1 month, there were 120 users. After 4 months, there were 960 users. Find the exponential function that models the number of users x months after the website was launched. Write your answer in the form f(x)=a(b)x.

Answers

Answer:

f(x) = 60(2)ˣ

Step-by-step explanation:

f(x) = a(b)ˣ

After one month:

120 = a(b)¹

After four months:

960 = a(b)⁴

Divide the second equation by the first:

8 = b³

b = 2

Plug into either equation and find a.

120 = a(2)¹

a = 60

Therefore, f(x) = 60(2)ˣ.

In Sparrowtown, the use of landlines has been declining at a rate of 5% every year. If there are 20,000 landlines this year, how many will there be in 15 years? If necessary, round your answer to the nearest whole number.

Answers

Answer:

5,000

Step-by-step explanation:

If it decreases by 5% a year, it'll decrease by 75% in 15 years

i.e 1 year = 5%

15 years = x

Cross multiply

x = 75%

Therefore, since it decreases by 75%

100 - 75 x 20,000 = 5,000

100

What is the base of the expression 11^12? A. 3 B. 11 C. 12 D. 21

Answers

Answer: B. 11

An exponential has the base at the bottom, or the lower portion. Think of "basement" to help remember this. The exponent is the number up top, so 12 is the exponent.

Answer:

The person above me is correct ( :

Step-by-step explanation:

B

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