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You plan to retire when you are 65th years old. You are now 25 years old. You plan to buy a pension annuity that will pay you $100,000 per year starting one year after you turn 65 and continuing until you celebrate your 80th birthday. The pension plan requires you make equal quarterly contributions starting one quarter after your 25th birthday and until you have reached your 65th birthday. If the interest rate assumed throughout this plan is 4% per year, what is the quarterly contribution (or policy premium)?
ANSWER: Quarterly premium _____________
A screening test for a newly discovered disease is being evaluated. In order to determine the effectiveness of the new test, it was administered to 900 workers; 150 of the individu
HOW WE CAN FACTORISE 12X+7X+1
Manuel is a cross-country runner for his school’s team. He jogged along the perimeter of a rectangular field at his school. The track is a rectangle that has a length that is 3 tim
Nancy, Jennifer, Alex, and Joy ran a race. Nancy's time was 50.24 seconds, Jennifer's was 50.32, Alex's was 50.9, and Joy's was 50.2. Whose time was the fastest? The fastest ti
Now we take up combinations and its related concepts. Combinations are defined as each of the groups or selections which can be made by taking some or all of the
In the introduction of this section we briefly talked how a system of differential equations can occur from a population problem wherein we remain track of the population of both t
real life applications of lengrange''s mean value theorem
if .77x + x = 8966.60, what is the value of x?
Properties of Vector Arithmetic If v, w and u are vectors (each with the same number of components) and a and b are two numbers then we have then following properties. v →
Alexis needs to paint the four exterior walls of a large rectangular barn. the length of the barn is 80 feet the width is 50 feet and the height is 30 feet. The pain costs 28 dolla
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