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You are 35 years old and you would like to start planning for retirement. You know that you will need $30,000 per year in retirement to pay your bills. If you plan to retire at age 75, how much money do you need to invest per month in order to reach your goal in time to retire? Imagine the annual interest rate is 9% and you would like to have enough to survive on until age 105.
a. What are the equations for this question? I am trying to master this principle to apply to a different problem, so I will need to be able to plug in my problem into the equations. b. What is the answer?c. Will this use compound interest? If not, how can I word the problem where the interest will compound?
Explaining how to derive the formula for the distance between two points -Prepare an essay of 1,000 words explaining how to derive the formula for the distance between two points in analytic geometry 3-space.
Your coin collection contains 53 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2063, assuming they appreciate at a 4.4 percent annual rat..
Problems Involving a Binomial Distribution About 30% of adults in United States have college degree.
An entrepreneur buys an apartment building with 40 units. The previous owner charged $240 per month for a single apartment and on average rented 32 apartments at that price.
Find all maximal normal subgroups of Z[p] × Z[q], where p and q are relatively prime. Would the elements from Z[p] have to be one that are relatively prime to q and vice versa?
Probability: Birthdays on the Same Day, Determine the number of people needed to ensure that the probability at least two of them have the same day of the year as their birthday is at least 70 percent
Multiple choice questions on regression.
Are the following examples linear transformations from p3 to p4? If yes, compute the matrix of transformation in the standard basis of P3 {1,x,x^2} and P4 {1,x,x^2,x^3}.
Create a system of linear equations from my own life. Keep in mind that a system of linear equations will consist of two equations using the same variables and the variables will represent the same thing for both equations
The format for the final answer should be similar to this one: if the problem is tan^(-1) * (2i). answer: (n + 1/2)*pi + (i/2) * ln(3) , (n =0, +-1, +-2,...)
Finding the value of x such that the vertical distance is maximum - Determine the value of x for which d is maximum.
An automobile manufacturer produces 7 models, each available in 6 different exterior colors, with 4 different upholstery fabrics and 5 interior colors. How many varieties of automobiles are available?
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