Yes, it is entirely possible for vou te retire as a millionaire. If your long-term financial goal is te retire as a millionaire and you plan to invest at least $200 per month for 40 years, what rate of return would keep you from ending up a millionaire based on the Building Wealth charts?

Answers

Answer 1

The rate of return  that would keep the individual from ending up a millionaire based on the Building Wealth charts is 9.22%

What is most appropriate method in this case?

The most suitable approach to solve for the rate of return in this instance is to make use of a financial calculator , which requires inputs as such the monthly payments, the beginning balance  which is the present value and the future value which is $1,000,000 since the individual intends to retire as a millionaire.

N=480(number of monthly payments in 40 years i.e.40*12)

PMT=-200(monthly payment)

PV=0(starting balance is zero)

FV=1000000(the future value is $1,000,000)

CPT(press compute)

I/Y=0.768414778771834%(monthly rate of return)

annual rate of return=0.768414778771834%*12=9.22%

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Related Questions

Jill swam 200 meters in 2 minutes and 42 seconds. If each lap is 50 meters long which time is her estimated time in seconds per lap

Answers

Answer:

36.3 seconds per lap

Step-by-step explanation:

200m in 2.42  if each lap = 50m

50m = 36.3 seconds

If every 4 cm on a scale drawing is equal to 3 yards in rea
scaled-drawing lengths below would be less than 9 yards in real life? Select all that apply. A) 16 cm B) 6 cm C) 8 cm D) 24 cm

Answers

The scale drawing which is equal to 9 yards in real time is 12 cm.

Given that 4cm on the scale, drawing is equal to 3 yards in real-time

we have to find the scale drawing which is equal to 9 yards in real-time.

Let the scale drawing be 'x'

Now it can be written as

4 cm ------ 3 yards

x cm ------- 9 yards

Now we can divide this as

4/x = 3/9

By cross multiplication, we get

4 * 9 = 3 * x

x = 4 * 9 / 3

x = 12

Therefore, the scale drawing which is equal to 9 yards in real time is 12 cm.

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A customer paid a total of $6.00 for 68 copies at a print shop. Some of the copies were black-and-white copies, and the rest were color copies.



• Each black-and-white copy cost $0.08.
• Each color copy cost $0.15.



How many copies of b, the number of black-and-white, and c, the number of color did the customer pay for?

Answers

The number of black-and-white is 60 and the number of color copies is 8.

How to calculate the value?

Let b = the number of black-and-white.

Let c = the number of color copies.

The equation will be:

b + c = 68

0.08b + 0.15c = 6

Multiply equation I by 0.08

Multiply equation ii by 1.

0.08c + 0.08c = 5.44

0.08b + 0.15c = 6

Subtract

0.07c = 0.56

c = 0.56/0.07

c = 8

Since b + c =68

b= 68 - 8 = 60

Therefore, the number of black-and-white is 60 and the number of color copies is 8.

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PLS HELP!!!
Solve.
2x-y+2z=-6
-3y+z=-2
2x-3z+4

Answers

The solution to the system of equations is x = -8/7, y = 4/7 and z = -2/7

How to solve the system of equations?

The system of equations is given as

2x - y + 2z = -6

-3y + z = -2

2x - 3z = -4

Subtract 2x - 3z = -4 from 2x - y + 2z = -6

This is represented as

(2x - y + 2z = -6) - (2x - 3z = -4)

This gives

- y + 5z = -2

Multiply - y + 5z = -2 by 3

-3y + 15z = -6

Subtract -3y + 15z = -6 from -3y + z = -2

This is represented as

(-3y + z = -2) - (-3y + 15z = -6)

This gives

-14z = 4

Divide by -14

z = -2/7

Substitute z = -2/7 in - y + 5z = -2

- y - 5 * 2/7 = -2

This gives

- y - 10/7 = -2

Rewrite as:

y = 2 - 10/7

Evaluate

y = 4/7

Substitute z = -2/7 in 2x - 3z = -4

2x - 3 * 4/7 = -4

This gives

2x - 12/7 = -4

So, we have:

2x = 12/7 - 4

Evaluate

2x = -16/7

Divide by 2

x = -8/7

Hence, the solution to the system of equations is x = -8/7, y = 4/7 and z = -2/7

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Susie divided a 3 pound bag of apples into 2 equal piles. How many pounds of apples are in each pile?

Answers

Answer:

1.5 pounds

Step-by-step explanation:

3/2 = 1.5


Colin is borrowing money from his parents to purchase a $700
computer. He will pay them $35 per month for two years. Determine the
simple interest rate on Colin's loan.

Answers

Colin paid the loan at a ten percent annual interest rate.

Simple interest is the form of interest calculation in which the principal amount remains the same for the entire duration for which the loan is taken.

It is also assumed that Colin will repay $35 per month for the next two years.

We must calculate a simple interest rate on Colin's borrowings.

As a result, Colin's total payment to his parents for two years is $35.

We are required to find simple interest rate on Colin's borrowings

Therefore, total amount paid by Colin to his parents= 35$ for 2 years

        =35*24=840

The amount paid by Colin is principal + interest

Thus, the simple interest amount= 840-700=140$

We know that the simple interest formula is principal*rate*time/100.

We know that the simple interest is 140, the principal is 700, the time is two years, and we need to find the rate of interest.

SI= P*R*T/100

140= 700*R*2/100

140/7*2=R

R=140/14=10

Therefore, The Rate of interest on which Colin paid the loan is 10 per cent per annum

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Which is the graph of the cube root function f(x) = ^3√x

Answers

It is the Second one

Find the volume V of the solid obtained by rotating the region bounded by the given curves about the specified line. Only 1 try remaining for this problem or else I get a zero. Please help if you know the answer or how to solve.

Answers

Using the shell method, the volume is

[tex]\displaystyle 2\pi \int_0^1 (2-x) \cdot 8x^3 \, dx = 16\pi \int_0^1 (2x^3 - x^4) \, dx[/tex]

Each cylindrical shell has radius [tex]2-x[/tex] (the horizontal distance from the axis of revolution to the curve [tex]y=8x^3[/tex]); has height [tex]8x^3[/tex] (the vertical distance between a point on the [tex]x[/tex]-axis in [tex]0\le x\le1[/tex] and the curve [tex]y=8x^3[/tex]).

Compute the integral.

[tex]\displaystyle 16 \pi \int_0^1 (2x^3 - x^4) \, dx = 16\pi \left(\frac{x^4}2 - \frac{x^5}5\right) \bigg|_{x=0}^{x=1} \\\\ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ = 16\pi \left(\frac12 - \frac15\right) \\\\ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ = \frac{24}5\pi = \boxed{4.8\pi}[/tex]

Solve the inequality and express your answer in interval notation. x² + 8x + 3 < 0

Answers

Solution:

A.) [tex](-4-\sqrt{13},-4+\sqrt{13})[/tex]

Hope this helps!

Zaria wants you to solve this puzzle: “I am thinking of a number. If you divide my number by 2 and subtract 4, you will get 2. What is my number?” Show how you know your answer is correct.

Answers

Answer:

Let

x--------> the number

we know that

solve for x

Adds  both sides

Multiply by  both sides

therefore

the answer is

the number is 12

Step-by-step explanation:

Which of the following is equivalent to (5y + 3x) + 9x?

15xy + 9y
9x(5y + 3x)
5y + 12x
5y + 27x

Answers

Answer:

5y + 12x

Step-by-step explanation:

Let's simplify step-by-step.

5y+3x+9x

Combine Like Terms:

=5y+3x+9x

=(3x+9x)+(5y)

=12x+5y

Answer:

5y + 12x

Step-by-step explanation

Simplify step-by-step.

5y+3x+9x

Combine like terms:

=5y+3x+9x

=(3x+9x)+(5y)

=12x+5y

use 22/7 to calculate the pelmeter of the rectangle 3cm 5cm​

Answers

The Perimeter of rectangle 3cm 5cm is 16 cm.

What is rectangle ?

In geometry, a rectangle is a plane figure of four sides having four angles of 90 degree. A rectangle has different length and breadth.

Some important formulas for rectangle :

Area of rectangle = Length × BreadthPerimeter of rectangle =2 * ( length + breadth ) Diagonal of rectangle = √(length^2 + breadth^2)What is perimeter of rectangle?

Perimeter is define as the distance around all the edges of a shape. In case of rectangle perimeter is the distance of all 4 edges i.e. 2 lengths and 2 breadth .

Thus , perimeter of rectangle = ( 2 × length ) + (2 × breadth)

                                                 = 2 ( length + breadth )

In the given question,

length of rectangle =  3cm

breadth of rectangle = 5cm

therefore, perimeter of rectangle = 2(3+5) = 16cm

Hence, The Perimeter of rectangle is 16 cm.

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A homesteaded A homesteaded property is located in Jupiter, Florida, in Palm Beach County. The property has been assessed at $185,000. The city tax rate is 8.8 mills, the county tax rate is 9.3 mills, and the school board levy is 6.5 mills. The owner is a widow and has qualified for and received homestead tax exemption. How much will the owner pay in property taxes?property is located in Jupiter, Florida, in Palm Beach County. The property has been assessed at $185,000. The city tax rate is 8.8 mills, the county tax rate is 9.3 mills, and the school board levy is 6.5 mills. The owner is a widow and has qualified for and received homestead tax exemption. How much will the owner pay in property taxes

Answers

Based on the fact that the widow got an exemption on homestead tax, the amount that the owner would pay in property taxes is $3,471.20.

What is the property tax?

The widow received a homestead tax exemption of $25,000 on the property.

The amount to be paid in property tax is:

= (8.8 + 9.3 + 6.5) / 1,000 x (185,000 - 25,000)

= 21.7/1,000 x 160,000

= $3,471.20

In conclusion, the property tax to be paid is $3,471.20.

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Please helpppp!!! I suck at simplifying

Answers

Answer:2³ * 2⁷ = 2³⁺⁷ = 2¹⁰

c 2^10 should be correct

What is: -28/-4 + -48/6

Answers

Answer:  The answer is -1

Step-by-step explanation:

-28/-4+-48/6

7-8

-1

Answer: -1

Step-by-step explanation:

-28 divided by -4 is 7

-48 divided by 6 is -8

7 - 8 would be a total of -1

Use the given conditions to write an equation for the line in point-slope form and general form.
Passing through (3,-2) and perpendicular to the line whose equation is x-8y-3=0
The equation of the line in point-slope form is.
(Type an equation. Use integers or fractions for any numbers in the equation.)

Answers

Answer:

Step-by-step explanation:

A box of candy weighs 4 and 7/10 pounds. 2/5 get dumps out of the box. What is the weight of the candy left in the box?

Answers

2/5 get dumps out of the box from 4 and 7/10 pounds of candy then weight of the candy left in the box  is 2 and [tex]\frac{41}{50}[/tex] pounds.

As given,

Total weight of the candy =  4 and 7/10 pounds =  [tex]\frac{47}{10\\}[/tex] pounds

pound is the  imperial unit of weight generally written as lb.

one pound = 0.4535 kilograms = 453.5 gm.

[tex]\frac{2}{5}[/tex] th of candy is dumps out of the box.

1- [tex]\frac{2}{5}[/tex] = [tex]\frac{3}{5}[/tex] th of the total candy is left in the box.

weight of the candy left in the box = [tex]\frac{3}{5}[/tex] * [tex]\frac{47}{10}[/tex] = [tex]\frac{141}{50}[/tex] pounds.

now 141= 50*2 + 41

[tex]\frac{141}{50}[/tex] pound = 2 and [tex]\frac{41}{50}[/tex] pounds

Hence, weight of the candy left in the box= 2 and [tex]\frac{41}{50}[/tex] pounds.

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Please solve the Quadratic Equation

2z^2 +13z +15 = 0


Please show steps for Brainliest!

Answers

Here you go
Check the image below for working
z has two answers -3/2 and -5

Vectors u and v are shown on the graph.
Which of the following vectors represents v – u?

Answers

Answer:

see attached

Step-by-step explanation:

The vector difference u -v can be represented on a vector diagram by the sum u +(-v), where -v is a vector the same length as v, but in the opposite direction.

__


Given h(x) = -3x +5. Find the indicated values. h (10)

Answers

Answer:

h(10) = -25

Step-by-step explanation:

h(x) = -3x + 5

h(10) = -3(10) + 5

        = -30 + 5

        = -25

I hope this helps!


11 ft
7 ft 8 ft
20 ft What is the area of the shape?

Answers

Answer:

Area = 192.5 ft.²

Step-by-step explanation:

By splitting the shape in 2, we can find the area much simpler.

Starting with the parallelogram (on the left), the area formula is A = b × h.

b (base) = 11 ft.

h (height) = 7 ft.

A (area) = (11 ft.)(7 ft.)

A = 77 ft.² (save this for later)

Then, the trapezoid's (on the right) area formula is A = [(a + b) ÷ 2] × h.

a (first base) = 8 ft.

b (second base) = (20 - 7) = 13 ft.

h (height) = 11 ft.

A = [(8 ft. + 13 ft.) ÷ 2] × 11 ft.

A = [(21 ft.) ÷ 2] × 11 ft.

A = (10.5 ft.) × 11 ft.

A = 115.5 ft.²

Now, bringing back the first area, we can add them together to find the total:

A = 77 ft.² + 115.5 ft.²

A = 192.5 ft.²

Hope this helps! I'd appreciate Brainliest but if not it's totally fine!



MP Attend to Precision Trent writes 10 x 6 = 60 to find
the number of muffins in 10 boxes. Describe what each of
the factors represents in the multiplication equation.

Answers

Trent writes 10×6=60, then in multiplication equation 10 represents the number of muffin boxes, 6 represents the numbers of muffins in each box and 60 represents the total numbers of muffins.

Given,

Trent writes 10×6=60,

Here,

10 represents the number of muffin boxes

6 represents the numbers of muffins in each box

60 represents the total numbers of muffins

Hence, Trent writes 10×6=60, then in the multiplication equation 10 represents the number of muffin boxes, 6 represents the numbers of muffins in each box and 60 represents the total numbers of muffins.

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Which of the following real numbers should be subtracted from -5 to get a difference of 0?


A.
-10


B.
-5


C.
0


D.
5

Answers

The real number that should be subtracted from - 5 to get 0 is -5 (option b).

What is the real number?

A real number is a quantity that can be written as an infinite decimal expansion. A real number is made up of both rational numbers and irrational numbers.

Rational numbers are numbers that can be expressed as a fraction of two integers. An example is 5, -5.  Irrational numbers cannot be expressed as a fraction of two integers. An example is 22/7, 1/3.

In mathematics, the following rules exist:

a negative number multiplied by a negative number yields a positive number. a negative number multiplied by a positive number, yields a negative number. a positive number multiplied by a positive number yields a positive number.

-5 - (-5)

= -5 + 5

= 0

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Which rule describes the translation ABCD → A′B′C′D′?

Answers

Answer:

translation

all the points are in the same orientation, and all the lengths are the same.

all that has changed are the coordinates.

EXERCISE 5.3
1. Find the values of the letters:
(a) 2 B C
(b)
+C 7 A
6 AB
ABC 3
5 D
BD 9 C
8 AA 50
87 BD C
X
(c)
A 2 BC
1 D 6
2 CA 10
BBDD 00
A 2 B C 0 0
7 D 7 7 10
X
2. Write five 2-digit numbers the product of whose digits is even.
3. Write three 4-digit even numbers divisible by 9.
4. Write four 5-digit numbers divisible by 3.
5. Write a 3-digit number divisible by 3 whose digits are consecutively
decreasing.

Answers

Answer:

a

Step-bye-step explanation:

that's the correct answer

lisa's plant was 7 3/4 inches tall when she bought it. Three weeks later, it was 4 2/5 times as tall. How tall is lisa's plant after three weeks?

Answers

Answer:

[tex]\frac{341}{10} =34\frac{1}{10}[/tex]

Step-by-step explanation:

[tex]7\frac{3}{4} *4\frac{2}{5}[/tex]

→ Convert both fractions into improper

[tex]\frac{31}{4} *\frac{22}{5}[/tex]

→ Simplify

[tex]\frac{31}{2} *\frac{11}{5}[/tex]

→ Calculate

[tex]\frac{341}{10} =34\frac{1}{10}[/tex]


Solve the formula for the specified variable.
F

Answers

[tex]D=\frac{1}{5}kf \\ \\ 5D=kf \\ \\ \boxed{f=\frac{5D}{k}}[/tex]

Use the information below to answer all parts of the question.
Kylle is going to play laser tag with some friends. To rent the laser tag gear, the initial fee is $3, and each game costs $2 to play.
PART A
Fill in the table for the amount of money (cost) to play laser tag.
Number
of Games
Cost

Answers

In linear equation , $8  the amount of money (cost) to play laser tag.

What are a definition and an example of a linear equation?

A linear equation with one variable is one that contains just one variable.It has the formula Ax + B = 0, with A and B being any two real numbers and x being an ambiguous variable with only one possible value.One such linear equation in one variable is 9x + 78 = 18.

let x = number of games, let y = cost of  tag

then        Total cost = x•$3 + y

In this case, TC = 3•$2 + $2

TC = $8

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A swimming pool measures 30 ft by 25 ft and is 6 feet deep.
a) How much fencing is needed if the fence is to be 7 ft from each side of the
pool?
______________________
b) How much material is needed to make a cover for the pool. (the pool only)
_______________________
c) How many cubic feet of water are needed to fill the pool?

Answers

Answer:

Step-by-step explanation:

FACT or FIB?
-3-4-(-12)
-19

Answers

Fib.

- 3 - 4 - (- 12) = - 3 - 4 + 12
(because the 2 negatives cancel out)
- 3 - 4 + 12 = 5
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