A client’s child will be attending college in 6 years. Assume current tuition and fees are $47,595, and inflation for college costs averages 1.6 percent, and she can earn 8.7 percent on the money she invests for this
purpose. The client wants to know how much she will need to set aside today to pay four years of tuition and fees.

Answers

Answer 1
To calculate the amount that the client needs to set aside today to pay for four years of tuition and fees, we can use the future value formula:

FV = PV x (1 + r)^n

where FV is the future value, PV is the present value, r is the interest rate, and n is the number of compounding periods.

In this case, the present value is the current tuition and fees of $47,595. The interest rate is the client's expected rate of return of 8.7 percent. The number of compounding periods is the number of years until college, which is 6 years, and the inflation rate is 1.6 percent.

First, we need to calculate the future value of tuition and fees after 6 years, including inflation. This can be done using the formula:

FV = PV x (1 + inflation rate)^n

FV = $47,595 x (1 + 0.016)^6

FV = $54,187.29

Next, we need to calculate the total amount needed to pay for four years of tuition and fees. This can be done by multiplying the future value of tuition and fees by 4:

Total amount needed = $54,187.29 x 4

Total amount needed = $216,749.16

Finally, we need to calculate the amount that the client needs to set aside today to achieve this future value. This can be done by rearranging the future value formula:

PV = FV / (1 + r)^n

PV = $216,749.16 / (1 + 0.087)^6

PV = $136,276.89

Therefore, the client needs to set aside $136,276.89 today to pay for four years of tuition and fees after 6 years, assuming current tuition and fees are $47,595, and inflation for college costs averages 1.6 percent, and she can earn 8.7 percent on the money she invests for this purpose.

Related Questions

5*Please answer this correctly very urgent!

5*Please answer this correctly very urgent!

Answers

Answer:

1  3/15 - 5/15

Step-by-step explanation:

Hope this helps. PS the / sign is supposed to be for the fraction.

Step-by-step explanation:

1 1/5 - 1/3 = 0.86

Hope I helped. The only way I know how to dot this is in decimal form sorry.

The Houston Armadillos, a minor-league baseball team, play their weekly games in a small stadium just outside Houston. The stadium holds 10,000 people and tickets sell for $10 each. The franchise owner estimates that the team's annual fixed expenses are $180,000, and the variable expense per ticket sold is $1. (In the following requirements, ignore income taxes.)

Answers

Answer:

Required

1. What is the break-even point in tickets?

2. How many tickets must be sold to earn a profit of $30,000?

3. How many tickets must be sold to earn a profit of $100,000?

Step-by-step explanation:

3x + 2y - z= 7This system has three equations: {-3x + y + 2z = -143x + y -z = 101. Add the first two equations to get a new equation.2. Add the second two equations to get a new equation.3. Solve the system of your two new equations.4. What is the solution to the original system of equations?

3x + 2y - z= 7This system has three equations: {-3x + y + 2z = -143x + y -z = 101. Add the first two

Answers

We are given the following system of equations:

\(\begin{gathered} 3x+2y-z=7,(1) \\ -3x+y+2z=-14,(2) \\ 3x+y-z=10,(3) \end{gathered}\)

1. We will add equation (1) and equation (2), we get:

\(3x+2y-z-3x+y+2z=7-14\)

Now we add like terms:

\(3y+z=-7,(4)\)

We get a new equation which we called equation (4).

2. Now, we will add equation (2) and equation (3), we get:

\(-3x+y+2z+3x+y-z=-14+10\)

Now, we add like terms:

\(2y+z=-4,(5)\)

We get a new equation that we called equation (5).

3. equation (4) and equation (5) form a new system of equations:

\(\begin{gathered} 3y+z=-7,(4) \\ 2y+z=-4,(5) \end{gathered}\)

To solve the system we will subtract equation (5) from equation (4), this way we will be able to cancel out the variable "z". Like this:

\(3y+z-2y-z=-7+4\)

Now, we add like terms:

\(y=-3\)

Therefore, the value of "y" is -3.

Now, we substitute the value of "y" in equation (4), we get:

\(3(-3)+z=-7\)

Solving the product:

\(-9+z=-7\)

Now, we add 9 to both sides:

\(\begin{gathered} -9+9+z=-7+9 \\ z=2 \end{gathered}\)

Therefore, we have the following values from the new system:

\(\begin{gathered} y=-3 \\ z=2 \end{gathered}\)

4. To determine the values of the original system we will substitute the values of "y" and "z" in equation (1):

\(3x+2(-3)-(2)=7\)

Solving the operations we get:

\(\begin{gathered} 3x-6-2=7 \\ 3x-8=7 \end{gathered}\)

Now, we will add 8 to both sides:

\(\begin{gathered} 3x-8+8=7+8 \\ 3x=15 \end{gathered}\)

Now, we will divide both sides by 3:

\(x=\frac{15}{3}=5\)

Therefore, the solution of the system is:

\((x,y,z)=(5,-3,2)\)

Abby is helping the art teacher pass out paint. She finds 9 full jugs of paint on a shelf. Each jug holds 3 liters. How much paint is on the shelf in all?

Answers

27 liters of paint... 3 liters per jug a total of 9 jugs meaning 9x3=27

9cm 4. 5cm 12 см.
find the perimeter and the area of the above figures ​

Answers

If sides are

9cm4.5cm12cm

\(\\ \sf\longmapsto Perimeter=Sum\:of\:sides\)

\(\\ \sf\longmapsto Perimeter=9+4.5+12\)

\(\\ \sf\longmapsto Perimeter=13.5+12\)

\(\\ \sf\longmapsto Perimeter=25.5cm\)

\( \large\begin{gathered} {\underline{\boxed{ \rm {\purple{Perimeter\:_{(Triangle) \: \large= \large\:Sum \: of \: all \: sides}}}}}}\end{gathered}\)

Sides of triangle are 9cm , 4.5cm and 12cm.

\(\large\bf{\red{ \longrightarrow}} \tt \: \:9 \: cm \: + \: 4.5 \: cm \: + \: 12 \: cm\)

\(\large\bf{\red{ \longrightarrow}} \tt \: \:13.5 \: cm \: + \: 12 \: cm\)

\(\large\bf{\red{ \longrightarrow}} \tt \: \:25.5 \: cm\)

Hence , the perimeter of triangle is 25.5 cm

Which equation reprints a line passing through the point (8,16) with a slope of 3

Which equation reprints a line passing through the point (8,16) with a slope of 3

Answers

Equation: y=3x-8

Tell me if you want step by step!

Hope this helps. :)

The product of 3 and the difference of a number and 1
Where”a number” is the letter x

Answers

3(x-1) I think, might be 3(1-x)

F(x)x^2-x+3 find f(x+2)

Answers

Answer: =7

Step-by-step explanation:

The mean annual premium for automobile insurance in the United States is $1,499. Being from Pennsylvania, you believe automobile insurance is cheaper there and wish to develop statistical support for your opinion. A sample of 25 automobile insurance policies from the state of Pennsylvania showed a mean annual premium of $1,440 with a standard deviation of s = $150.
a. Develop a hypothesis test that can be used to determine whether the mean annual premium in Pennsylvania is lower than the national mean annual premium.
b. What is a point estimate of the difference between the mean annual premium in Pennsylvania and the national mean (to the nearest dollar)?

Answers

Answer:

a) Then, t(s) is in the rejection region. We can not support that the mean annual premium in Pennsylvania is lower than the national mean annual premium

b) The point estimate of the difference is  59 $

Step-by-step explanation:

From sample we get:

sample size    n  =  25

annual mean   x  =  1440

standard deviation of the sample   s  =  150

mean for the mean annual premium    μ  = 1499

Hypothesis Test:

Null Hypothesis                      H₀           x  =   μ

Alternative Hypothesis          Hₐ           x  <   μ

Alternative Hypotesis indicates that the test is a one-tail test to the left

Let´s assume  confidence Interval 95 %    then  α  =  5 %   α = 0.05

As  n < 30 and we assume normality we will make a t-student test

degree of freedom    df  =  n  -  1    df  = 24

With df = 24  and  α = 0.05 and from t-student table we get t(c) =  - 1.711

To calculate t(s) we apply:

t(s)  =  (  x  -  μ ) / s/√n

t(s)  =  ( 1440  -  1499 ) * 5 / 150

t(s)  =  - 59/ 30

t(s)  =  - 1.96

Comparing t(s)  and t(c)  

|t(s)| > |t(c)|

Then, t(s) is in the rejection region. We can not support that the mean annual premium in Pennsylvania is lower than the national mean annual premium.

b) The point estimate for the difference is :   x  - μ  =  59 $

Which equation can be used in system of equations to solve for the unknown? CHECK ALL THAT APPLY
1) A=2
2) -6A+B=2
3) 3A-B+C=1
4) B=0
5) 9A-3B+C=1

Which equation can be used in system of equations to solve for the unknown? CHECK ALL THAT APPLY1) A=22)

Answers

Answer:

A and E

Step-by-step explanation:

edge 2021

Answer:

Option A and E are the correct answers.

32
The angles shown are supplementary. What is the value of x? 0
(2 Points)
(5x5°
95°
O 180 degree
• 17 degree
O 22 degree
45 degree
HELPP I NEED THIS ASAP ITS FOR MY FINALSS

Answers

Answer:

17degrees

Step-by-step explanation:

The sum of two supplementary angles is equation 180degrees. Hence:

5x+95 = 180

5x = 180-95

5x = 85

x = 85/5

x = 17

Hence the value of x is 17

Lesson 17: Use the Four Operations to Solve Problems Cool Down: Andre's Balloons Andre has 125 balloons. He and 4 friends hung up some balloons for a party at school and now there are 80 balloons left. If each person hung up the same number of balloons, how many balloons did each person hang up? 1. Write an equation with a letter for the unknown quantity to represent the situation. 2. Solve the problem. Explain or show your reasoning.​

Answers

a) Using the four basic mathematical operations, the number of balloons that each person hang up is 9.

b) An equation representing the situation is x = (125 - 80)/5.

What are the mathematical operations?

The four basic mathematical operations include addition, subtraction, division, and multiplication.

The mathematical operations provide solutions to mathematical problems using operands.

What is an equation?

An equation is a mathematical statement showing that two or more mathematical expressions are equal or equivalent.

The total number of balloons that Andre has = 125

The number of balloons remaining after hanging some for the school party = 80

The difference (number of balloons used) = 45 (125 - 80)

The number of friends who hang the balloons = 5

The number of balloons hung by each friend of Andre = 9 (45/5)

Thus, we can conclude that each of the 4 friend and Andre hung 9 balloons, with 80 remaining.

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Caculate the unit rate using the following
information, mom drove 20 miles in 1/4 of an hour
What was her rate or spee in Miles per hour.

Answers

Answer:

80 miles per hour

Step-by-step explanation:

To find her speed in miles per hour, multiply 20 by 4.

Since she drove 20 miles in 1/4 of an hour, we can find the amount she can drive in 1 full hour by multiplying it by 4.

20(4)

= 80

So, her rate in miles per hour is 80 miles per hour

Answer:

80 mph

Step-by-step explanation:

20 miles multiplied by 4(quarters of the hour) is 80mph

Tina pet sits to earn extra money. She charges a flat service fee of $20, plus $15 per day. If one of her customers spent less than $125, which of the following inequalities could be used to solve for x, the number of days the customer paid for pet sitting?

Answers

Therefore, **x < 7** is the inequality that may be utilized to find x

What is inequality?

A mathematical statement known as an inequality compares two expressions using an inequality sign, such as (less than), > (greater than), or (less than or equal to).

For instance, the inequality x + 2 5 signifies that "x + 2 is less than 5".

Let x represent how many days the client paid for pet sitting.

$15 per day plus a $20 fixed service fee equals the total cost of pet sitting.

We are aware that the customer's purchase was under $125. Consequently, we can write:

20 + 15x < 125

Putting this disparity simply:

15x < 105

x < 7

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III. Fill in the gaps with the correct form of the verbs in brackets.
(go) early
1. If you
(not/want) to stay in the party, we
2. You
(pass) your exams if you
(study) really hard.​

III. Fill in the gaps with the correct form of the verbs in brackets.(go) early1. If you(not/want) to

Answers

Answer:

give us a more zoomed out picture

Step-by-step explanation:

Please answer ASAP i will brainlist

Please answer ASAP i will brainlist

Answers

The second coordinate of the given first coordinate is determined as;

f(0) = 1 and (1) = 0.7.

What is the second coordinate of the given coordinate?

The second coordinate of the given first coordinate is calculated by applying the following method as follows;

The given function;

F(x) = 0.7ˣ

The value of f(0) is calculated as;

f (0) = 0.7⁰  = 1

The value of f(1) is calculated as;.

f (1) = 0.7¹ = 0.7

Thus, the second coordinate of the given first coordinate is determined by applying the appropriate substitute of the function as shown above.

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a. 1140
b. 1130
c. 1120
d. 115

a. 1140b. 1130c. 1120d. 115

Answers

Answer:

1130

Step-by-step explanation:

1109+7 = 1116

1116+7 = 1123

Adding 7 each time

1123+7 = 1130

plz answer this i will marku pleeeeeeeeeezz​

plz answer this i will marku pleeeeeeeeeezz

Answers

Answer:

x= 105 also because it's a z angle

y= 180-105

=75

x=z which is 105, because they are alternative angles.

The given angle of 105 and angle z are consecutive interior angles and need to equal 180 degrees.

Z = 180-105 = 75 degrees

Angle z and angle c are vertical angles and are identical so angle x also equals 75 degrees

Angle y and 105 are supplementary angles and when added equal 180

Angle y is 180-105 = 75

X, y and z are all 75 degrees

1 . What do you need to find ?
2. Write an equation to represent the problem?
3. What is the solution to the problem?

Answers

If you can explain more as to what you need to get for these questions I’d be glad to help

What is the degree of the polynomial given x^6-x^2

Answers

The degree of a polynomial is the value of the greatest exponent associated to it. Therefore, the degree of the given polynomial is 6.

Solve.
2log(x+1)-log(x+3)=log1

Answers

Answer: x = 1

Step-by-step explanation:

2log(x+1) - log (x+3) = log 1

log(x+1)^2 - log (x+3) = log 1

log [(x+1)^2 / (x+3)] = log 1

(x+1)^2 / (x+3) = 0

(x+1)^2 = 0

x = 1 or x = -1 (rejected, as log0 does not exist)

Lines that appear to be tangent are tangent. O is the center of each circle.
What is the value of x? Show all work to receive full credit.

Lines that appear to be tangent are tangent. O is the center of each circle.What is the value of x? Show

Answers

Note that in the prompt above, the value of x is given as: 16°

To answer the issue, we will first name all of the points supplied to us on the isosceles triangle, then identify O, and last discover the value of x. See the attached image.

What is an isosceles triangle?

As a result, an isosceles triangle has two equal sides and two equal angles. The term is derived from the Greek words iso (same) and skelos (skull) (leg). An equilateral triangle has all of its sides equal, whereas a scalene triangle has none of its sides equal.

In ΔAOB

OA =  OB = R, the radius of the circle O,

therefore, the ΔAOB is an isosceles triangle, with OA, OB as the congruent sides and AB as the base of the triangle.

Thus, ∠OAB = ∠OBA = 53°

Sum of all the angles of a triangle = 180°

∠O + ∠AOB + ∠OBA = 180°

We know ∠AOB = ∠OBA, therefore,

∠O + 2(∠AOB) = 180°

∠O + 2(53°) = 180°
∠O = 180 - 106

∠O = 74°

In ΔOBC,

BC is the tangent to the circle O, therefore,

∠OBC = 90°

Sum of all the angles of a triangle = 180°

∠O + ∠OBC + ∠OCB = 180°

74° + 90° + ∠OCB = 180°

∠OCB = 180° - 74° - 90°

∠OCB = 16°

Hence, the value of x is 16°.

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Lines that appear to be tangent are tangent. O is the center of each circle.What is the value of x? Show

Need help on this question pls help!!!!!!!

Need help on this question pls help!!!!!!!

Answers

The mean is 3 and I don’t know what MAD is, sorry!

Explanation for mean:

There are 15 dots total throughout 5 lines. 15/5=3. For the mean you add up the total number of dots and divide it by the amount of categories.

Cite at least 3
situations in your community where you can apply hypothesis testing. Then, just
choose one situation and:


1. Create a problem statement;
2. Formulate the null and alternative hypothesis;
3. Select the level of significance and sketch the rejection region; and
4. State the possible Type I and Type II errors.

Answers

In my community, there are several situations where hypothesis testing can be applied. Here are three examples: Traffic Flow Optimization, Recycling Program Assessment, and Crime Prevention Strategy Evaluation

What inform the selected situation?

For the purpose of this response, let's choose Situation 1 (Traffic Flow Optimization) and go through the four steps.

1. Problem Statement: The local authorities want to determine if implementing a new traffic signal timing system will significantly reduce the average travel time for commuters passing through a busy intersection during peak hours.

2. Null Hypothesis (H0): The new traffic signal timing system has no effect on the average travel time for commuters passing through the intersection.

Alternative Hypothesis (H1): The new traffic signal timing system significantly reduces the average travel time for commuters passing through the intersection.

3. Level of Significance: α = 0.05

4. Rejection Region: The rejection region will depend on the specific test statistic used. Let's assume we are using a t-test to compare the mean travel time before and after implementing the new traffic signal timing system. In this case, we would calculate the t-statistic and determine the critical value(s) based on the degrees of freedom and the chosen level of significance. The rejection region would be in the tails of the t-distribution corresponding to the critical value(s).

Possible Type I Error: Rejecting the null hypothesis when it is actually true, indicating that the new traffic signal timing system is effective when it is not. In this case, it would mean concluding that the new system significantly reduces travel time when, in reality, it has no effect.

Possible Type II Error: Failing to reject the null hypothesis when it is actually false, indicating that the new traffic signal timing system is ineffective when it is actually effective. In this case, it would mean not detecting a significant reduction in travel time when the new system does indeed have a positive impact.

It's worthy of note that the specific test statistic and rejection region may vary depending on the nature of the data and the chosen statistical test. The above steps provide a general framework for conducting hypothesis testing in the given situation.

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How is the graph solution of 2x>10 different from the graph of the solution of 2x=10 ?

Answers

Answer:

the first one means that any number bigger than 5 whereas 2x=10 means that x can either be a positive or a negative value

Step-by-step explanation:

Solve.
y = -2x + 9
y = 4x - 3

Answers:
x= 2
y = 5

x=4
y = 13

x = 4
y = 5

x= 2
y = 13

Answers

Answer:

x = 2y = 5

Step-by-step explanation:

=> y = -2x + 9

             y = 4x - 3

=> 2(y = -2x + 9)

              y = 4x - 3

=> 2y = -4x + 18

               y = 4x - 3

=> 3y = 15=> y = 5=> y = 4x - 3=> 5 = 4x - 3=> 8 = 4x=> x = 2

We can clearly see that our results match with Option A. Hence, Option A is the correct answer.

Hoped this helped.

\(BrainiacUser1357\)

Please help will give brainliest

Solve the equation.
-(x + 2) – 2x = -2(x + 1)
x = [?]

Please help will give brainliest Solve the equation.-(x + 2) 2x = -2(x + 1)x = [?]

Answers

Answer:

x = 0

Step-by-step explanation:

-(x + 2) – 2x = -2(x + 1)

-x-2-2x = -2x-2

-3x-2 = -2x-2

-3x+2x = -2+2

x = 0

Answer:

x = 0

Step-by-step explanation:

-(x + 2) – 2x = -2(x + 1)

=> - x - 2 - 2x = -2x - 2

=> - 2 + 2 = - 2x + 2x + x

=> 0 = x or x = 0 (Ans)

book costs Rs.78 and Peter bought 60 such books . By mistake , the accountant at the store ade the bill by taking the cost of each book to be Rs 12 less . What is difference in this bill ? Peter decided to give that difference to the opkeeper If you were in Peter's place what will you do ? Which of integers is used here ?

Answers

Answer:

1) 990

2) I would have gone to the same shop and returned the extra money to the shopkeeper.

1) cost per book= Rs 78

cost of 60 books= Rs 60×78 = Rs 4680

selling price per book= Rs 78-12 = Rs 66

selling price of 60 books = Rs 66×60 =

Rs 3960

now difference = 4680-3960 = Rs 990

2) I would have returned the money to the shopkeeper as they have earned the money by using their effort and if we try to take their money away from them then their might be some problems. So we should respect their effort and return extra money if we get it.

triangle KLM ~ triangle KQP are similar. Solve for x. ​

triangle KLM ~ triangle KQP are similar. Solve for x.

Answers

The value of x is 5.

What is a triangle?

It is a two-dimensional figure which has three sides and the sum of the three angles is equal to 180 degrees.

We have,

ΔKLM ≈ ΔKQP

This means,

KL/KQ = KM/KP

(3x - 1) / 7 = 8/4

Cross multiply.

3x - 1 = 2 x 7

3x - 1 = 14

3x = 14 + 1

Divide both sides with 3.

3x = 15

x = 5

Thus,

x is 5.

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3. Han has a fish tank that has a length of 14 inches and a width of 7 inches. Han puts in
1,176 cubic inches of water. How high does he fill his fish tank with water?

Answers

The height of the tank is 12 inches
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