Mathematics, 23.11.2020 21:30 pacoburden02
RuthAnn is 28 years old and is retiring at the age of 65. When she retires, she estimates that she will need an annual
income of $32,523 for 30 years. If RuthAnn contributes 11% of her annual income to a 401(k) paying 7.1% compounded
annually, will she reach her goal for retirement given that her annual income is $36,278.13? If she does not make her goal
then state by what amount she will need to supplement her income. Round all answers to the nearest cent.
a. RuthAnn will meet her annual goal of exactly $32,523 for retirement.
b. RuthAnn will meet her annual goal of $32,523 for retirement with an excess of $20,791.60.
C. RuthAnn will not make her annual goal of $32,523 and will need $1,039.85 to supplement her
yearly income when she retires.
d. RuthAnn will not make her annual goal of $32,523 and will need $10,395.80 to supplement her
yearly income when she retires.
Answers: 2
Mathematics, 21.06.2019 15:40, Prettygirlbuggy
Two parallel lines are crossed by a transversal. what is the value of x? x = 40 x = 70 x = 110 x = 130
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Mathematics, 21.06.2019 19:30, cykopath
Me max recorded the heights of 500 male humans. he found that the heights were normally distributed around a mean of 177 centimeters. which statements about max’s data must be true? a) the median of max’s data is 250 b) more than half of the data points max recorded were 177 centimeters. c) a data point chosen at random is as likely to be above the mean as it is to be below the mean. d) every height within three standard deviations of the mean is equally likely to be chosen if a data point is selected at random.
Answers: 2
RuthAnn is 28 years old and is retiring at the age of 65. When she retires, she estimates that she w...
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