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JM

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Norman is planning for his retirement. He initially deposits $25,000 in a retirement plan earning 4.4% compounded quarterly over 25 years. Three years later he begins another investment where he contributes $800 per quarter over 22 years. Based on monthly compounding, determine what the rate of interest will be on the final investment if he wishes to end up with $210,000.

A) 5.37%
B) 5.48%
C) 5.59%
D) 5.72%
E) 5.85%

On May 15, 2024


B
JM

Answered

The point (-4,-3) is on a line with slope 3. Find two additional points on the line.

A) (-3,0) and (-5,-6)
B) (-1,-2) and (-7,-4)
C) (-7,-4) and (-10,-4)
D) (−3,−6) ( - 3 , - 6 ) (3,6) and (−5,0) ( - 5,0 ) (5,0)
E) (−2,3) ( - 2,3 ) (2,3) and (−5,−9) ( - 5 , - 9 ) (5,9)

On May 15, 2024


A
JM

Answered

Solve the exponential equation. Round your answer to two decimal places. 13(6x+4) =1200\frac { 1 } { 3 } \left( 6 ^ { x + 4 } \right) = 120031(6x+4) =1200

A) x=0.57x = 0.57x=0.57
B) x=−0.44x = - 0.44x=0.44
C) x=7.87x = 7.87x=7.87
D) x=−0.66x = - 0.66x=0.66
E) x=−2.68x = - 2.68x=2.68

On May 13, 2024


A