Solve the problem. Round to the nearest cent unless otherwise noted.April has been saving for her retirement for the last 30 years, depositing $250 into an IRA at the end of each month. Based on an annual interest rate of 4.2% compounding monthly,a. How much does she have to retire?b. If she plans to receive monthly payments with a payout annuity for the next 30 years, how much will she receive monthly?c. How much could she withdraw monthly for life without reducing her balance?
A. a. $179,833.90
b. $879.42
c. $629.42
B. a. $51,122.95
b. $691.28
c. $441.28
C. a. $251,262.47
b. $1228.72
c. $879.42
D. a. $156,884.70
b. $698.24
c. $448.24
Answer: A
You might also like to view...
Find the vertex, focus, and directrix of the parabola. Graph the equation.(x + 2)2 = -(y - 1)
A. vertex: (2, -1)
focus: (2, -1.25)
directrix: y = -0.75
B. vertex: (-2, 1)
focus: (-2.25, 1)
directrix: x = -1.75
C. vertex: (2, -1)
focus: (1.75, -1)
directrix: x = 2.25
D. vertex: (-2, 1)
focus: (-2, 0.75)
directrix: y = 1.25
The lengths of the sides of a triangle are given. Determine if the triangle is a right triangle. If it is, identify the hypotenuse.10, 20, 25
A. right triangle; 10 B. right triangle; 4 C. right triangle; 8 D. not a right triangle
Divide.
A. 6
B. -16
C. 
D. 16
Use multiplication to simplify the side of the equation with the variable. Then solve the equation.3(2w) = 
A. w = 
B. w = 
C. w = 4
D. w = 6