Janine is 25 and has a good job at a biotechnology company. Janine estimates that she will need $875,000 in her total retirement nest egg by the time she is 65 in order to have retirement income of $20,000 a year. (She expects that Social Security will pay her an additional $15,000 a year.) She currently has $5,000 in an IRA, an important part of her retirement nest egg. She believes her IRA will grow at an annual rate of 8 percent, and she plans to leave it untouched until she retires at age 65. How much money will Janine have to accumulate in her company’s 401(k) plan over the next 40 years in order to reach her retirement income goal? Use Exhibit 1-A.

Answers

Answer 1

We have that for the Question, it can be said that

The amount of money Janine will have to accumulate in her company’s 401(k) plan over the next 40 years is

$ 766377.4

From the question we are told

Janine is 25 and has a good job at a biotechnology company.

Janine estimates that she will need $875,000 in her total retirement nest egg by the time she is 65 in order to have retirement income of $20,000 a year. (She expects that Social Security will pay her an additional $15,000 a year.) She currently has $5,000 in an IRA, an important part of her retirement nest egg. She believes her IRA will grow at an annual rate of 8 percent, and she plans to leave it untouched until she retires at age 65. How much money will Janine have to accumulate in her company’s 401(k) plan over the next 40 years in order to reach her retirement income goal? Use Exhibit 1-A.

IRA Sum = $ 5000 Growth ratio of IRA= 8%Growth period = 40 years

Generally the equation for the IRA Amount  at Retirement  is mathematically given as

IAR= 5000 * 1.08^(40)

=  108622.6

Since estimate is at

$875,000  

Therefore

Accumulation in 401,000 = 875000 - 108622.6

Accumulation in 401,000 = 766377.4

Hence

The amount of money  Janine will have to accumulate in her company’s 401(k) plan over the next 40 years is

$ 766377.4

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Related Questions

I need help really bad! I have literally no clue what the answer is to this question

Answers

Answer: C is the answer

Answer:

The second answer: {(-1, 4),(2, 7),(3,7)} because every x value has one y value

plz help me plz need your help plz help

Answers

Step-by-step explanation:

a+b^2 =a^2+b^2+2ab

-2ab and+2ab cut

in
given points.
1. (10,4), (4, 15)
Find the slope of the line.

Answers

Answer:

[tex]m = -\frac{11}{6}[/tex]

Step-by-step explanation:

Slope is rise over run.

[tex]\frac{15-4}{4- 10}=\frac{11}{-6} = \boxed{-\frac{11}{6}}[/tex]

Hope this helps.

Evaluate (32 – 1)when z = 6

Answers

Answer:

17

Step-by-step explanation:

(3z - 1) when z = 6

Let's plug in 6 into the equation (3(6)-1)

Now we multiply the parenthesis (18-1)

Now we subtract (17)

So the answer is 17!

If z varies directly as x and inversely as y and is equal to 4 when x and y have the values 12 and 8 respectively, what is the value of z when x is equal to 6/7 and y is equal to 5/28?

Answers

Answer:

[tex]z = \frac{2}{7} [/tex] when x= [tex] \frac{6}{7} [/tex],

z= 179.2 when y= [tex] \frac{5}{28} [/tex]

Step-by-step explanation:

Let's start by writing out the two general equations for z.

Since z varies directly with x,

z= kx, where k is a constant.

Since z varies inversely with y,

[tex]z = \frac{k}{y} [/tex], where k is a constant.

When x= 12, z= 4,

4= k(12)

12k= 4

k= 4 ÷12

k= ⅓

∴ z= ⅓x

When x=[tex] \frac{6}{7} [/tex],

[tex]z = \frac{1}{3} ( \frac{6}{7} )[/tex]

[tex]z = \frac{2}{7} [/tex]

When y= 8, z= 4,

[tex]4 = \frac{k}{8} [/tex]

k= 4(8)

k= 32

[tex]∴z = \frac{32}{y} [/tex]

When y= [tex] \frac{5}{28} [/tex],

[tex]z = 32 \div \frac{5}{28} [/tex]

[tex]z = 32 \times \frac{28}{5} [/tex]

z= 179.2

7) What symbol should be used to show the relationship of 101.768 101.867 between the numbers?​

Answers

The symbol that can be used to show the relationship of 101.768 -----

101.867 between the numbers is < (less than)

The question is what symbol should be used to show the relationship

between 101.768 and 101.867.

Both numbers are decimal numbers.

101.768  is not equal to 101.867.

Instead,  101.768 is less than 101.867.

Therefore, the symbol that can be used to show the relationship of 101.768 ---

-- 101.867 between the numbers are as follows:

101.768 <  101.867

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Help help help help help help help help

Answers

Answer:

7

Step-by-step explanation:

15-8 is 7

16-8 is 7

17-10 is 7

18-11 is 7

this fits the eqation.

hope this helps you

there are 5 major train tracks from city x to city y and 3 major train tracks from city y to city z. how many trips can be made from city x to city z, passing through city y?

Answers

Answer:

3 trips

Step-by-step explanation:

I think it is three trips because 3 out of the 5 train tracks from city x were found in city y, therefore only 3 train tracks will be found in city z so there are 3 trips

what is the next number 3 7 8 3 12 9

Answers

4 8 9 i believe that's it

Solve the given equations. PLEASE show your work. Tell me if there is no solution or infinite.




17 + 2(1 + 3x) = x - 5(3 - x)

Answers

Answer:

x = 17/5

Step-by-step explanation:

17+2+6x = x-15 +5x

19+6x =16x -15

19+15 = 16x-6x

34 = 10x

34/10= 10x/10

17/5 = x

x = 17/5 or 3 2/3

can you answer these fractions
[tex] \frac{2}{5} + \frac{3}{2} [/tex]

Answers

1 9/10 is the answer to this fraction

2
Select the correct answer.
Which statement is true about this equation?
-412p+5) + Bp=-11
A. The equation has one solution, p=2.
B. The equation has one solution, p=-2.
C. The equation has no solution.
D. The equation has infinitely many solutions.

Answers

Step-by-step explanation:

The equation has infinite solution p=2 that's tour variable

Caroline opens a savings account at her local
bank. She plans to put of her net paycheck
10
in her savings account every week. In June, her
paychecks are $164.69, $177.86, $187.74,
and $163.04. How much money did Caroline
put in her savings account in June?

Answers

Answer:

So she has $50–$43.85 = $6.15 in her pocket and $25 in her savings account

Step-by-step explanation:

A teacher always arranged the content of his lessons as teaching and practicing learnt skills in the ratio 3: 2 If a lesson lasted for 45 minutes. How much teaching would he do?


HELP PLSSS !!!

Answers

Answer:

27 minutes

Step-by-step explanation:

3 + 2 = 5

45 / 5 = 9

3 * 9 : 2 * 9

27 : 18

draw a number line and locate all the integers between -3 and 3

Answers

Answer:

sry I just wanted the points I'm in middle school so I don't know this stuff either but can you give free brainlyest I'm soo close to my next rank I'd really appreciate it if you would

Melissa can buy an 8 pound bag of dog food for $7.20. What is the cost of 1 pound? PLZZ I REALLY NEED HELP!

Answers

Answer:

$0.90

Step-by-step explanation:

7.20/8 = $0.90

A plumber charges a base fee of $60, and then each hour of work costs $15. Yesterday Joe hired the plumber to fix his sink, at a total cost of $240. How many hours did the plumber work?

Answers

The answers or your question is 12

Where does -3/7 belong on the Venn diagram
A) integers
B) natural numbers
C)rational numbers
D) irrational numbers

Answers

Answer:

rational

Step-by-step explanation:

−3 ≤ n < 2
−2 < m < 4
n and m are integers.
Given that n = m, write down all the possible values of n.

Answers

_1,0,1 are possible value of n

Felicia bought 20.8 gallons of gasoline. There are approximately 3.8 liters in 1 gallon.

Answers

Answer:

79.04 liters

Step-by-step explanation:

20.8 x 3.8 = 79.04

2 - 2x 4x + 12
------- = ---------
4 3

Answers

[tex]\tt\frac { 2 - 2 x } { 4 } = \frac { 4 x + 12 } { 3 }[/tex]

[tex]\tt3\left(2-2x\right)=4\left(4x+12\right) [/tex]

[tex]\tt6-6x=16x+48 [/tex]

[tex]\tt6-6x-16x=48 [/tex]

[tex]\tt6-22x=48 [/tex]

[tex]\tt-22x=42 [/tex]

[tex]\tt\:x=\frac{42}{-22} [/tex]

[tex]\boxed{\tt\:x = -\frac{21}{11} = -1\frac{10}{11} \approx -1.90}[/tex]

Method used :-

◇ ✖ Cross multiplication ❌

________

Hope it helps ⚜

Step-by-step explanation:

Given equation is [{(2-2x)/4} = {(4x+12)/3]

On applying cross multiplication then

Since, (a/b) = (c/d)

⇛ab = bc

Where, a = (2-2x), b = (4), c = (4x+12) and d = (3).

Now,

⇛3(2-2x) = 4(4x+12)

Multiply the number outside the bracket with numbers and variables in the bracket.

⇛6 - 6x = 16x + 48

Shift the variable value on LHS and constant on RHS.

⇛-6x - 16x = 48-6

Subtract the values on LHS and RHS.

⇛-22x = 42

Shift the value (-22) from LHS to RHS.

⇛x = 42/-22

Write the obtained answer in lowest form by cancelling method.

⇛x = (42÷2)/(-22÷2)

Therefore, x = 21/-11 = -(21/11)

Answer: Hence the value of x for the given problem is -21/11.

VERIFICATION:

If x = -21/11 then the equation is

[{(2-2x)/4} = {(4x+12)/3]

Substitute the value x = -21/11 in expression, then

⇛[{2-2(-21/11)}/4 = {4(-21/11)+12}/3]

Multiply (-2) from (-21) to get 42 on LHS.

⇛[{2(42/11)}/4 = {4(-21/11)+12}/3]

Again multiply 4 from (-21) to get 81 on RHS.

⇛[{2(42/11)}/4 = {(-81/11) + 12}/3]

Take the LCM of the denominator 1 and 11 is 11 on LHS

⇛[{(2*11 + 42*1)/11}/4 = {(-81*1 + 12*11)/11}/3]

Multiply the numerator on both LHS and RHS.

⇛[{(22+42)/11}/4 = {(-81 + 132)/11}/3]

Add the numerator numbers on both LHS and RHS

⇛[{(64/11)}/4 = [{(48/11)}/3]

Now, conver the division fraction in multiply fraction on both LHS and RHS.

⇛[{(64/11) * 4} = {(48/11) * 3}]

Now, write the numbers in Lower form by cancelling method, on both LHS and RHS.

⇛(16/11) = (16/11)

LHS = RHS

Please let me know if you have any other questions.

Write the equation of the line in y=mx + b form

Answers

Answer:

y=-4x+2

Step-by-step explanation:

all you need to do is find the x-axis and y-axis. That information is already there, so put It together

what is pulmonary function ​

Answers

Answer:

pulmonary function is the blood or gas flow from or to the lungs

Step-by-step explanation:

the lungs take in oxygen and take out c02

The lungs' main role is to bring in air from the atmosphere and pass oxygen into the bloodstream. From there, it circulates to the rest of the body. Help is required from structures outside of the lungs in order to breathe properly.

If you earn 15% on your investment how long will it take for your money to double using the rule of 72

Answers

Answer:

If you earn 15% the answer will be 10.8

Step-by-step explanation:

I know this because if you use the rule of 72 you will have to divide the two numbers together and the you will come out with 10.8

Clare had t books. After she bought 8 more books, she had 24 books. Write and solve an equation to find the number of books Clare started with

Answers

Answer:

24-8=t

Step-by-step explanation:

I cant really explain much...

but, Hope it helps

plz mark brainiest if it does

Precalc please help

Answers

The second one hope this helps

A model rocket is launched with an initial upward velocity of 125/fts. The rocket's height h (in feet) after t seconds is given by the following.

h=125t- -16t^2

Answers

Answer:

H = V0 t + 1/2 g t^2   is the equation in question with V0 and g in different directions, they have different signs

In the function y=f(x), y varies inversely with the square of x and when x=4, y=1/2. Find y when x=1.

Answers

ok so

y= 4/3x2

Y varies inversely with square of x means

y = k (1/x²) where k is the constant

plug in y =1/3 and x = - 2 in the above equation.

1/3=k (1/{-2}²)

1/3=k (1/4)

multiply with 4 to both sides.

4/3 =k

therefore,

y=4/3 (1/x²) = 4/3x²

The length of a flat-screen tv is 5 inches less than 3 times its width if the perimeter of the tv is 150 inches find the demensions

Answers

Answer:

Length(L) is 55

Width(W) is 20

Step-by-step explanation:

The radius of a circle is constantly increasing. At a certain moment, the rate of increase of the circumference is the same as the rate of increase of the area. At that moment, what is the area of the circle?
a. 1/pi
b.pi/4
c.4pi
d.pi
e.4/pi

Answers

rate of change circumference=rate of change area, derivative of circumference(2piR)=derivative of area(piR^2), 2pi=2piR, R=1, plug back into area formula: piR^2, pi(1)^2, area=pi :)
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