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%

Find out more about rate of return on:brainly.com/question/20115221

#SPJ1


Related Questions

Select the correct answer. Maria donates a fixed amount, a, to a charity each month. If she donates $300 in 12 months, what is the equation for a? A. a + 300 = 12 B. a × 300 = 12 C. a × 12 = 300 D. a + 12 = 300 E. a + 32 = 100

Answers

Answer: C

she donates a for 12 months, the 12 in the a * 12=300. the a is the fixed amount, meaning she will donate a 12 times in a year.

Help pleaseeeee I would appreciate it

Help pleaseeeee I would appreciate it

Answers

The answers of the matrix of A after  adding  -5 times row 1 to row 3 of matrix is

1  -1  5  |  -1

1  -1 -4  |   5

0   9 -25 |   4

What is a matrix in mathematics ?

A matrix is described as  a rectangular array or table of numbers, symbols, or expressions, arranged in rows and columns, which is used to represent a mathematical object or a property of such an object.

Matrices are useful for describing systems of linear or differential equations, as well as representing a linear application.

We perform the row operation and have:
1  -1  5  |  -1

1  -1 -4  |   5

0   9 -25 |   4

The result after  adding  -5 times row 1 to row 3 of matrix is shown below:

1  -1  5  |  -1

1  -1 -4  |   5

0   9 -25 |   4

In conclusion,  in  a matrix function, the input and the output values are matrices.

Learn more about matrices at: https://brainly.com/question/94574

#SPJ1

Lightfoot Inc., a software development firm, has stock outstanding as follows: 20,000 shares of cumulative preferred 2% stock, $20 par, and 25,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,000; second year, $5,000; third year, $34,500; fourth year, $71,000.

Answers

The amount of Dividends of $3,000, $5,000, $34,500, and $71,000 were distributed to the 20,000 preferred and 25,000 common shareholders of Lightfoot Inc. over the first four years of operations.

To calculate the dividend per share of the preferred and common stock of Lightfoot Inc., the total amount of dividends paid out over the first four years must first be determined. This can be done by adding the given amounts of $3,000, $5,000, $34,500, and $71,000 to get a total of $113,500. To find the dividend per share for the preferred stock, the total dividend is divided by the number of shares (20,000) which gives a dividend per share of $5.68. To find the dividend per share for the common stock, the total dividend is divided by the number of shares (25,000) which gives a dividend per share of $4.54.

Learn more about amount here

https://brainly.com/question/8082054

#SPJ1

on a blueprint, the bedroom wall is 6 in long. the scale factor is 1 to 24. what is the length of the actual wall?

A. 144 inches

B. 4 inches

C. 24 inches

D. 6 inches

Answers

Answer:

A

Hope This Helps! :)

Answer:

B. 4 inches

Step-by-step explanation:

(24)(1) / 6 = 4

please help me asap​

please help me asap

Answers

Answer:

1.C

2.A

Step-by-step explanation:

Closed circle is =

Step-by-step explanation:

for number 1 the answer is the third line

for number 2 i believe the answer is the second line

hope it help

Claim: The mean pulse rate (in beats per minute) of adult males is equal to 69 bpm. For a random sample of 154 adult
males, the mean pulse rate is 69.5 bpm and the standard deviation is 11.4 bpm. Find the value of the test statistic.
The value of the test statistic is
(Round to two decimal places as needed.)

Answers

According to the question the value of the test statistic \(0.55\)

What is standard deviation?

Data variation from the mean is referred to as "standard deviation." If the standard deviation appears low, the data tend to cluster around the mean; on the other hand, if it appears large, the data are widely spread.

The data deviate from the mean value is indicated by the standard . It is useful for contrasting huge datasets with distinct ranges but the same mean.

The other, though, is without a doubt more spread. The standard deviation reveals the degree of data dispersion. It describes how far away from the mean each number obtained is.

We must compute the t-score, which is represented by: in order to determine the value of the test statistic.

\(t = x -\) μ\(/(s/\sqrt{n}\)

s= sampling standard deviation, n= sample size,\(x=\) sampling rate μ = population mean

\(x = 69.5 bpm,\) μ\(= 69 bpm, s = 11.4 bpm, n = 154\)

\(t = (69.5- 69)/ 11.4/\sqrt{154} \\t = 0.5/ (11.4/12.4)\\t = 0.5/ 0.917\\t = 0.546\)

Therefore the value of the test statistics is \(0.55\)

Learn more about standard deviation

https://brainly.com/question/23907081

#SPJ1

Isabel cut 4 1/2 yards of fishing line from a new reel. How much is this in inches?

Answers

4 1/2 yards= 162 inches


hope this helps

Answer:

162 in.

Step-by-step explanation:

1 yard = 36 inches

1/2 yard = 18 inches

36x4 = 144

144 + 18 = 162

the parent function of the function g(x)

Answers

The parent function of the function g(x) = (x - h)2 + k is f(x) = x2. The vertex of the function g(x) is located at (9, -8)

HELP! I don’t know how to solve this and i’m so confused

HELP! I dont know how to solve this and im so confused

Answers

answer: JKL~ UTS
explanation:

find the measure of each angle. JKL=5x+4 and LKM=3x

Answers

Angle JKL has a measure of 24 degrees while angle LKM has a measure of 12 degrees

How to determine the measure of each angle?

The possible question is added at the end of the solution and as an attachment

From the attached figure, we have the following angles

Angle 1: Angle JKL = 5x+4Angle 2: Angle LKM = 3x

From the attached figure, we can see that:

Angle 1 is twice the measure of angle 2

This is so because, the angle 1 is the vertex angle of an isosceles triangle

While the angle 2 is half of it

So, we have

Angle 1 = 2 * Angle 2

Substitute the known values in the above equation

So, we have

2 * 3x = 5x + 4

Evaluate the product

So, we have

6x = 5x + 4

Evaluate the like terms

x = 4

Substitute x = 4 in the equations JKL=5x+4 and LKM=3x

So, we have

JKL= 5 x 4 + 4

LKM = 3 x 4

Evaluate the equations

So, we have

JKL= 24

LKM = 12

Hence, the measures of the angles are JKL= 24 and LKM = 12, respectively

Read more about angles at

brainly.com/question/7620723

#SPJ1

find the measure of each angle. JKL=5x+4 and LKM=3x

Two systems of equations are given below.
For each system, choose the best description of its solution.
If applicable, give the solution.
System A
x+3y=9
-x-3y=9
System B
-x-3y=-3
x+3y=3
O The system has no solution.
O The system has a unique solution:
(x, y) = (
O The system has infinitely many solutions.
They must satisfy the following equation:
y = 0
O The system has no solution.
O The system has a unique solution:
(x, y) = (D)
O The system has infinitely many solutions.
They must satisfy the following equation:
y=0

Two systems of equations are given below.For each system, choose the best description of its solution.If

Answers

The system A has no solution.

The system B has the solution y=( 3-x )/3

What is the solution to an equation?

In order to make the equation's equality true, the unknown variables must be given values as a solution. In other words, the definition of a solution is a value or set of values (one for each unknown) that, when used as a replacement for the unknowns, transforms the equation into equality.

System A:

x+3y=9..........(1)

-x-3y=9 ..........(2)

(1) => x=9-3y........(3)

Substitute (3) into (2)

(2) = >  - ( 9-3y ) - 3y = 9

          -9 + 3y - 3y = 9

          -9 =9

This is false.

So, the system has no solution.

System B:

-x-3y=-3..........(1)

x+3y=3..........(2)

(2) => x=3-3y........(3)

Substitute (3) into (1)

-(3-3y)-3y=-3

-3+3y-3y= -3

-3=-3

This is true,

So, the solution is:

x=3-3y

=> 3y= 3-x

=> y=( 3-x )/3

To learn more about the solution of an equation from the given link

https://brainly.com/question/22688504

#SPJ1

\dfrac{4}{9},-\dfrac{4}{3},4, 9 4 ​ ,− 3 4 ​ ,4,

Answers

Answer:

\(-\frac{8}{9}\)

Step-by-step explanation:

\(\dfrac{4}{9}-\dfrac{4}{3}\\\\\mathrm{Least\:Common\:Multiplier\:of\:}9,\:3:\quad 9\\\\\mathrm{Adjust\:Fractions\:based\:on\:the\:LCM}\\\\\frac{4}{3}=\frac{4\times\:3}{3\times\:3}=\frac{12}{9}\\\\=\frac{4}{9}-\frac{12}{9}\\\\\mathrm{Since\:the\:denominators\:are\:equal,\:combine\:the\:fractions}:\\\\\quad \frac{a}{c}\pm \frac{b}{c}=\frac{a\pm \:b}{c}\\\\=\frac{4-12}{9}\\\\=\frac{-8}{9}\\\\=-\frac{8}{9}\)

Answer:

what?

Step-by-step explanation:

What percent of people surveyed from San Francisco wear Adidas shoes? Round to the nearest percent when necessary.

What percent of people surveyed from San Francisco wear Adidas shoes? Round to the nearest percent when

Answers

Answer:

33

Step-by-step explanation:

Add 165 and 80 to get 245. 80 times 3 = 240.

So 80 is around 1/3 of 240. In other words it is around 33%

Answer:

5

Step-by-step explanation:

Mr.sol records the daily high temperatures for a week. He creates the box plot below to display his data.

Answers

Complete question is attached below :

Answer:

40, 66, 55, 70, 80, 58, 65 - option B

Step-by-step explanation:

From the boxplot attached ;

We could deduce that the least temperature is denoted by the starting point of the whisker, which is 40

The maximum temperature, is the 80, denoted by end of the end whisker.

The median is the value in the middle of the box which is 65

Lower quartile being 55 and upper quartile being 70

Hence, From the options given, the most appropriate answer will be :

40, 66, 55, 70, 80, 58, 65 - option B

IF ARRANGED IN ASCENDING ORDER, we'll have 40, 55, 58, 65, 66, 70, 80

Mr.sol records the daily high temperatures for a week. He creates the box plot below to display his data.

The cylindrical can below will be covered by a label on its lateral surface. Find the surface area of the label to the nearest tenth.
4.5 in height
2.25 in. Radius
O 14.1 in²
O 71.5 in²
O 63.6 in²
O 95.4 in²

Answers

The answe is : C:63.6

the length of a rectangle is 6 inches longer than its width. If the perimeter of the rectangle is 48 inches, find its area

Answers

Answer: The width of the rectangle is 6 units.

Explanation: The width of the rectangle is x+6 units.

The length of the rectangle is x units.

The perimeter is P = 2l + 2w

This implies:
36 = 2(x+6) + 2x

Expand;

36= 2x + 12 +2x

Group like terms;

2x + 2x = 36 - 12

4x = 24

x = 6




Log4(x+3)+log4x=1 what is the solution set to this equation

Answers

Answer:

Hello!

I'm currently new to Log, but can help in the best way possible.

We can rewrite this into exponential form:

(x+3) = 4^1 + 4x^1

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

If not shown correctly, above, further apologize.

If factored and isolated;

1-xlog(4) = log(256x)

x

0.03710403

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

#Team Trees #Team Seas #PAW #Spread_Positivity

I hope this helps,

-Oceanbreeze24

Log4(x+3)+log4x=1 what is the solution set to this equation

Answer: x=1

Step-by-step explanation: plato

ASAP HELPPP PLEASE ANSWER CORRECT QUESTION!! GIVING OUT BRAINLY Stars!!!

Silas is researching the cost of a specific souvenir he wants to buy on his international trip.

Use the table to answer the question.


Country Currency Name Exchange Rate Per US Dollar Average Cost of Souvenir: Britain pound 0.83 British pounds 17. British pounds Egypt pound 18 Egyptian pounds 288 Egyptian pounds


Determine which country the souvenir would be less expensive in in US dollars. Show your work. (10 points)​

Answers

Using proportions, it is found that due to the smaller division of the exchange rate by the cost, the souvenir would be less expensive in Egypt.

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three. Due to this, relations between variables, either direct or inverse proportional, can be built to find the desired measures in the problem.

The souvenir would be less expensive in the country in which the division of the exchange rate by the cost is smaller.

In Britain, the cost is of 17, with an exchange rate of 0.83, hence the cost in US dollars is:

c = 17/0.83 = $20.48.

In Egypt, the cost is of 288, with an exchange rate of 18, hence the cost in US dollars is:

c = 288/18 = $16.

16 < 20.48, hence the souvenir would be less expensive in Egypt.

More can be learned about proportions at https://brainly.com/question/24372153

#SPJ1

What is the area of the square that measures 3.1 m on each side

Answers

The area of the square with a side length of 3.1 meters is 9.61 square meters.

To find the area of a square, we need to multiply the length of one side by itself. In this case, the square has a side length of 3.1 m.

Area of a square = side length × side length

Substituting the given side length into the formula:

Area = 3.1 m × 3.1 m

To perform the calculation:

Area = 9.61 m²

It's worth noting that when calculating the area, we are working with squared units. In this case, the side length is in meters, so the area is expressed in square meters (m²). The area represents the amount of space enclosed within the square.

Remember, to find the area of any square, you simply need to multiply the length of one side by itself.

The area of the square with a side length of 3.1 meters is 9.61 square meters.

For more such questions on square

https://brainly.com/question/27307830

#SPJ8

Rewrite as a piece wise function y=1/2 |x-6| +4

Answers

Answer:

  y = {-1/2x +7 for x < 6; 1/2x +1 for x ≥ 6}

Step-by-step explanation:

You want y = 1/2|x -6| +4 written as a piecewise function.

Domains

The absolute value function changes its definition when its argument is negative:

  y = |x|   ⇒   y = -x for x < 0, and y = x for x ≥ 0

This means our piecewise function will have one definition for (x-6) < 0 and another for (x -6) ≥ 0.

For x -6 < 0

The argument is negated in this domain, so we have ...

  y = -1/2(x -6) +4

  y = -1/2x +3 +4

  y = -1/2x +7

For x -6 ≥ 0

The absolute value function is an identity function in this domain:

  y = 1/2(x -6) +4

  y = 1/2x -3 +4

  y = 1/2x +1

Piecewise function

Combining these descriptions into one, we have ...

  \(\boxed{y=\begin{cases}-\dfrac{1}{2}x+7&\text{for }x < 6\\\\\dfrac{1}{2}x+1&\text{for }x\ge6\end{cases}}\)

<95141404393>

Rewrite as a piece wise function y=1/2 |x-6| +4

The mean on a Advanced Algebra test was 86 with a standard deviation of 4.5. If the test scores are normal distributed, find the interval about the mean that contains 68% of the scores. Use the empirical rule.

Answers

Using the Empirical Rule, the interval that contains 68% of the scores is [81.5, 90.5].

What does the Empirical Rule state?

It states that, for a normally distributed random variable:

Approximately 68% of the measures are within 1 standard deviation of the mean.Approximately 95% of the measures are within 2 standard deviations of  the mean.Approximately 99.7% of the measures are within 3 standard deviations of the mean.

68% of the scores are within 1 standard deviation of the mean, hence the bounds of the interval are:

86 - 4.5 = 81.5.86 + 4.5 = 90.5.

More can be learned about Empirical Rule at https://brainly.com/question/24537145

#SPJ1

CAN SOMEONE HELP WITH THIS QUESTION?✨

CAN SOMEONE HELP WITH THIS QUESTION?

Answers

The exponential function passes through the points (-1,4/5) and (1,20) will be y = 4 × \(5^{x}\).

What is an exponential function?

In mathematics, an exponential function is a relationship of the type y = ax, where x is an independent variable that spans the entire real number line and is expressed as the exponent of a positive number.

In other meaning, an exponential function is that function above which a variable x has imposed.

Suppose the exponential function as

y = a\(e^{bx}\)

Substitute, (-1,4/5)

4/5 = a\(e^{-b}\)                             (1)

Substitute, (1,20)

20 = a\(e^{b}\)                                (2)

Multiply (1) with (2)

(4/5)20 = a\(e^{-b}\) × a\(e^{b}\)

4 × 4 = a²

a = 4

Substitute, a = 4 into (2)

20 = 4\(e^{b}\)    

\(e^{b}\) = 5

Take log on both sides of the above equation,

ln \(e^{b}\)  =  ln 5

b = ln 5

Substitute a = 4 and b = ln 5 into y = a\(e^{bx}\)

y = 4 e^(x(ln 5)) = 4 e^(ln5^x)

y = 4 × \(5^{x}\)

Hence "The exponential function passes through the points (-1,4/5) and (1,20) will be y = 4 × \(5^{x}\)".

For more about exponential function,

https://brainly.com/question/15352175

#SPJ1

(ASAP Please)
Find the area of the sector. Use 3.14 for the value of pi. Round your answer to the nearest tenth.

(ASAP Please)Find the area of the sector. Use 3.14 for the value of pi. Round your answer to the nearest

Answers

A circle is a two-dimensional figure with a radius and circumference of 2 x pi x r.

The area of a circle is given as:

Area = πr²

The total sector of a circle is 360°

The area of the sector of 270° is 37.68 square meters.

What is a circle?

A circle is a two-dimensional figure with a radius and circumference of 2 x pi x r.

The area of a circle is given as:

Area = πr²

We have,

The radius of the circle = 4 m

The total sector of a circle is 360°

The area of the sector with 270°.

= (270°/360°) x πr²

= 0.75 x πr²

= 0.75 x 3.14 x 4²

= 37.68

= 37.7 square meters

Thus,

The area of the sector of 270° is 37.68 square meters.

Learn more about circle here:

https://brainly.com/question/11833983

#SPJ2

please i’ll fail if i don’t get this right. please i’ll give brainlyist The current temperature of 15°F below zero is 18°F below the high temperature of the day. What is the high temperature for the
day?
OA. 5°F
ов. 33°F
OC. 3°F
OD. 33°F

Answers

Answer:

I think its C

Step-by-step explanation:

Anyone got me with them quick maths?

Anyone got me with them quick maths?

Answers

Answer:

Its B

Step-by-step explanation:

B. ( 3x - 14 )⁰ + 9x⁰ + 90⁰ = 180⁰

cause they are angles on a line

when you add them you get 180⁰

good luck :)

based on the scatter plot, which is the best prediction of the total number of pages in a book with 4 chapters?

a.) 120
b.) 90
c.) 150
d.) 140​

based on the scatter plot, which is the best prediction of the total number of pages in a book with 4

Answers

Answer 90

Step-by-step explanation:

Answer:A-120

Step-by-step explanation:

Please please look at the picture and answer the question thank you

Please please look at the picture and answer the question thank you

Answers

Answer:

\(\boxed{-2 < x\le1}\)

Representation on number line is in attached image.

Notice that -2 has an unfilled circle and 1 has a filled circle. Important

Step-by-step explanation:

The given inequality is

\(2 < 4x+10\le14\)

Subtract 10 throughout:

\(2-10 < 4x+10-10\le14-10\\\\)

\(-8 < 4x\le4\)

Divide throughout by 4:

\(-2 < x\le1\)

Answer:    \(\boxed{-2 < x\le1}\)

This is represented on the number line as follows: Notice the use of the

Please please look at the picture and answer the question thank you

Laura is bowling 5 games. Her first 4 scores were 118, 82, 134, and 85.

To end up with an average score of at least 116, what is the lowest score Laura will need in the fifth game?

Answers

Average = (118+82+134+85+x)/5 = 116
419 + x = 580
x = 161
She must get at least 161 to have an average of 161

Find the LCM of 4 and 42

Answers

Answer:

84

Step-by-step explanation:

Help me figure this out

Help me figure this out

Answers

Answer:

35

Step-by-step explanation:

perimeter = sum of the lengths of the sides

In a parallelogram, opposite sides are congruent.

Two sides have length 7.5 cm.

We need the length of the top and bottom sides.

area = base × height

62 cm² = base × 6.2 cm

base = (62 cm²)/(6.2 cm)

base = 10 cm

Two sides have length 10 cm.

perimeter = 7.5 cm + 7.5 cm + 10 cm + 10 cm

perimeter = 35 cm

Other Questions
Machine has three speed settings, low medium fast the low setting produces 110 units with a 90% quality rating the medium setting produces 120 units with an 80% quality rating in the fast setting produces 140 units with a 70% quality rating if each unit sells for $20 what shutting makes the company the most money in sales win percentage not meeting quality standards cannot be sold workout 1/3 divided by 7/6 plus 1/5 mathematical shapes - Background Layout Theme Transitionck to add speaker notesDAY THREE: WATERWhile you are on the island you will have the ability to collect units ofWater. You can collect a total of 1 unit of water per day. To be fair, I'll letyou start off with 1 unit of water. Everyday, you will only need toconsume 1 unit of water per day in order to survive.1. What is your total units of water collected for day 3?How much water did you consume?2.3. How much water do you have leftover?4.How did you go about collecting your water?5. What tools did you use in this process? Alice is full dual eligible and is enrolling in a d-snp. what should her agent remind her about? Today, Nate has 100100100 bananas. He will eat 222 of them every day. The financing cycle includes procedures for authorizing, executing, and recording transactions that involve: (Select all that apply)a. mortgagesb. deferred taxesc. unearned revenuesd. bank loanse. capital stock Can someone help Solve for x. Three important characteristics of this aspect of Aztecs daily life are Do you think it wa acceptable for european to remove native from their original land? why or why not? Demonstrating your ability to pay back borrowed money is one way todevelop a good credit Find the midpoint of each line segment. Which statements are true about the graph of the system of linear inequalities? Select two options.y > 3x 4y < One-halfx + 1The graph of y > 3x 4 has shading above a dashed line.The graph of y < One-halfx + 1 has shading below a dashed line.The graphs of the inequalities will intersect.There are no solutions to the system.The graphs of the two inequalities intersect the y-axis at (0, 1) and (0, 4). When parents set few controls on their children's television viewing, allowing the children freedom to set individual limits, make few demands, and do not punish for improper television viewing, the parents exemplify a parenting style referred to as a pessimistic b authoritative c permissive d rejecting-neglecting e authoritarian a mother is upset because her newborn has lost 6 ounces since birth 2 days ago. the nurse informs the mother that it is normal for a newborn to lose which percentage of their birth weight within the first week of life? . In Exercise 16, the height of the rocket was given by h=256t-167. Use thediscriminant to answer the following questions.a. Will the rocket reach an altitude of 1000 ft?b. Will the rocket reach an altitude of 1024 ft?c. Will the rocket reach an altitude of 1048 ft? Find the value of x. A coin is dropped from a height of {x} meters. Neglecting air resistance, how muchtime (in seconds) was the coin in the air?Please help Which statement about internet marketing is MOST accurate?A. Internet marketing is still in its infancy and rarely used.B. Some services can be successfully promoted via internet marketing alone.C. Internet marketing is significantly more expensive than more traditional marketing.D. Internet marketing works well for services but not commodities. what is meant by added value