Consider the functions below. f(x)=8x^2+x+3, g(x)=4x-1, h(x)=3x+6. Which of the following statements is true?
A.
As x approaches infinity, the value of g(x) eventually exceeds the values of both f(x) and h(x).
B.
Over the interval [3, 5], the average rate of change of g and h is more than the average rate of change of f.
C.
Over the interval [0, 2], the average rate of change of f and h is less than the average rate of change of g.
D.
As x approaches infinity, the values of g(x) and h(x) eventually exceed the value of f(x).

Answers

Answer 1

The functions f(x)=8x^2+x+3, g(x)=4x-1, h(x)=3x+6 C.Over the interval [0, 2], the average rate of change of f and h is less than the average rate of change of g is true.

What is increasing function?

The function is said to be increasing if the y value increases as the x value increase over a given range

What is average rate of change?

An average rate of change function is a process that calculates the amount of change in one item divided by the corresponding amount of change in another

As x approaches infinity the value of f(x) eventually exceeds the value of both g(x) and h(x)

And it is true for the interval [0,2]

The faster the growth rate higher the average rate of change

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Answer 2

Answer:

C.

Over the interval [0, 2], the average rate of change of f and h is less than the average rate of change of g.


Related Questions

You are offered two jobs selling college textbooks. One company offers an annual salary of $30,000 plus a year-end bonus of 1% of your total sales. The other company offers an annual salary of $25,000 plus a year-end bonus of 2% of your total sales. How much would you need to sell in a year to make the second offer the better offer?

Answers

Answer:

at least $500,000 in sales

Step-by-step explanation:

A 2-liter bottle of juice costs $2.80. A box containing six 1/2 liter bottles sells for $3.90. Which option has a higher cost per liter? What is that cost?

A. 2-liter bottle; $1.40
B. Box of six 2-liter bottles; $1.30
C. 2-liter bottle; $2.80
D. Box of six-liter bottles; $3.90

Answers

Answer:

A. 2-liter bottle;$1.40

Step-by-step explanation:

We have to find out which option has the higher cost per liter. To do this we must find out how much each option would be if it was a liter.

1st set up each equation
2-liter = $2.80 we can divide by 2 on both sides of the equal sign and we get 1 liter = $1.40.
6(1/2) liter bottles = $3.90 this becomes 3 liters = $3.90 then we divide by 3 on both sides of the equal sign and we get $1.30

2nd we compare
$1.40(2 liter bottle) > $1.30 (6 1/2 liter bottles)

5 and 6 thousandths in standard form

Answers

5 and 6 thousandths in standard form is 5.006

How to express the number in standard form?

The number is given as:

5 and 6 thousandths

This can be rewritten as

5 +  6 thousandths

Express as numbers

5 +  0.006

Evaluate the sum

5.006

Hence, 5 and 6 thousandths in standard form is 5.006

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If the volume of the cone is 180 in³, what is its surface area? ​

Answers

Answer:

Hi, to find the surface area of a cone is πrl

if your radius and length is given.

hope this helps (•‿•)

Ramiro was on a 2-day road trip. On the first day he drive at an average speed 40 mph. On the second day he drove at an average speed of 60 mph. If he drove 2 hours. If he drove 2 hours longer and went 20 miles farther on the first day, find the total distance Ramiro traveled on his first road trip

Answers

X = first day hours
Y = second day hours

x = y + 2
40x = 60y + 20

40(y + 2) = 60y + 20
40y + 80 = 60y + 20
60 = 20y
y = 3 hours on day 2

x = y + 2
x = 3 + 2
x = 5 hours on day 1

Miles = 40(5) + 60(3)
200 + 180
380 miles

The total distance Ramiro travelled is 380 miles.

What is equation?

Equations are mathematical statements containing two algebraic expressions on both sides of an 'equal to (=)' sign. It shows the relationship of equality between the expression written on the left side with the expression written on the right side. In every equation in math, we have, L.H.S = R.H.S (left hand side = right hand side).

Parts of an Equation

There are different parts of an equation which include coefficients, variables, operators, constants, terms, expressions, and an equal to sign. When we write an equation, it is mandatory to have an "=" sign, and terms on both sides. Both sides should be equal to each other. An equation doesn't need to have multiple terms on either of the sides, having variables, and operators. An equation can be formed without these as well, for example, 5 + 10 = 15. This is an arithmetic equation with no variables. As opposed to this, an equation with variables is an algebraic equation.

let x be the first day hours

let y be the second day hours.

now,

x = y + 2

40x = 60y + 20

Putting x= y+2

40(y + 2) = 60y + 20

40y + 80 = 60y + 20

60 = 20y

y = 3 hours

For, first day

x = y + 2

x = 3 + 2

x = 5 hours

Thus,

Total distance = 40(5) + 60(3)

=200 + 180

=380 miles

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in mongolia the temperature can dip down to -45C in January. The temperature in July may reach 40C. What is the temperature range in Mongolia?

Answers

Answer:

85 C

Step-by-step explanation:

Temperature range means the difference between the maximum and minimum in temperature for an area. 40C-(-45C)=85 C

john likes to walk the steps of the department he works for during lunch break. There are s steps in his department. Today John would like to walk the steps of the taller building next door. The number of steps in the taller building next door is 27 less than 6 times the number of steps in John's department. Which expression represents the number of steps in the taller building next door in terms of s?

Answers

‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍ ‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍ ‍ ‍ ‍ ‍

The next two terms of 2;6;18;54

Answers

Hello there! The next two terms in this arithmetic sequence are 162 and 486.

This set of terms has a rule that for each corresponding number, we multiply by 3.

2 x 3 = 6

6 x 3 = 18

18 x 3 = 54

By following this rule, we can multiply our last used number by 3 to get what our next term is.

54 x 3 = 162

Our terms now look like this:

2; 6; 18; 54; 162

Again, we multiply the last used number.

162 x 3 = 486

Now our set looks like this:

2; 6; 18; 54; 162; 486

By multiplying each corresponding term by 3, we have identified the rule and the next two terms in our set.

The next two terms of 2; 6; 18; 54 are 162 and 486. If you need any extra help, let me know and I will gladly assist you.

5) What problems have a negative slope?

Answers

A negative slope can be illustrated when a line that is trending downward from left to right, has a negative value.

What is a negative slope

It should be noted that a negative slope implies that two variables are negatively related.

This implies that when x increases, y decreases, and also when x decreases, y increases.

Graphically, a negative slope implies that as the line on the line graph moves from left to right, the line will fall.

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ASAP help me with this PLEASE

Answers

Answer:

98 degrees

Step-by-step explanation:

In a quadrilateral, we have 4 angles whose sum is 360 degrees which can be derived using the Exterior Angle Sum Theorem which essentially states that any convex polynomial will have a sum of 360 degrees for it's exterior angles.

Since we know that two of the angles are equal, we can just represent angle A and D as "x", and since they're congruent, and there is two of them, the sum can be represented as "2x"

So using all the known values we can set up the following equation:

[tex]2x+64+100=360[/tex]

Simplify on the left side

[tex]2x+164=360[/tex]

Subtract 164 from both sides

[tex]2x=196[/tex]

Divide both sides by 2

[tex]x=98[/tex]

Since we know that "x" represents both angle A and B, then the angle A is 98 degrees.

Can someone please help meee<3

Answers

Answer:

36

Step-by-step explanation:

[tex]\sqrt{24a}=12\sqrt{6} \\ \\ 24a=864 \\ \\ a=36[/tex]

Write the equation y=-3x+3 in function notation using f(x) to denote the function.

Answers

The function notation form of the given equation; y = -3x +3 as in the task content is; f(x) = -3(x) +3.

What is the function notation form of the equation?

According to the task content, the equation given; y = -3x +3 is to be written in function notation.

Consequently, since the function expression given is linear in variable X, it follows that the required function notation is;

f(x) = -3x +3.

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What length of skirting board is needed for a room which is 4m by 4m square if the room has a 800mm door?​

Answers

Answer:

15.2m2

Step-by-step explanation:

hope it helps.good day

Tried doing it myself multiple times , multi choice question, not getting any availabile answer.

Answers

Answer: The given integral is impossible to solve.

Step-by-step explanation: I tried solving it right now with integration by parts and trigonometric substitution, and I was unable to solve it.

So I looked at two math solvers and tried inputting the question, and it either says "There is nothing more you can do with this problem," or "We are unable to solve this problem."

First, let's substitute [tex]x=\frac w4[/tex] and [tex]dx=\frac{dw}4[/tex] to get rid of the fraction.

[tex]\displaystyle \int \csc^6\left(\dfrac w4\right) \cot^4\left(\dfrac w4\right) \, dw = 4 \int \csc^6(x) \cot^4(x) \, dx[/tex]

Recall that

[tex]\cot^2(x) + 1 = \csc^2(x)[/tex]

[tex]\dfrac{d}{dx} \cot(x) = -\csc^2(x)[/tex]

We can the rewrite the integrand as

[tex]\displaystyle 4 \int \csc^6(x) \cot^4(x) \, dx = 4 \int \left(\cot^2(x) + 1\right)^2 \cot^4(x) \csc^2(x) \, dx[/tex]

then substitute [tex]y=\cot(x)[/tex] and [tex]dy=-\csc^2(x)\,dx[/tex] to get

[tex]\displaystyle -4 \int (y^2 + 1)^2 y^4 \, dy[/tex]

Expand the integrand.

[tex]\displaystyle -4 \int (y^4 + 2y^2 + 1) y^4 \, dy = -4 \int (y^8 + 2y^6 + y^4) \, dy[/tex]

Now integrate with the power rule.

[tex]\displaystyle -4 \left(\frac{y^9}9 + \frac{2y^7}7 + \frac{y^5}5\right) + C[/tex]

[tex]\displaystyle -\frac{4y^9}9 - \frac{8y^7}7 - \frac{4y^5}5 + C[/tex]

Put everything back in terms of [tex]x[/tex], then [tex]w[/tex].

[tex]\displaystyle -\frac{4\cot^9(x)}9 - \frac{8\cot^7(x)}7 - \frac{4\cot^5(x)}5 + C[/tex]

[tex]\displaystyle \boxed{-\frac49 \cot^9\left(\dfrac w4\right) - \frac87 \cot^7\left(\dfrac w4\right) - \frac45 \cot^5\left(\dfrac w4\right) + C}[/tex]

So confused please help me thank u

Answers

True

The inverse of the statement would be “If an angle is acute, then it measures less than 90°.” This is true as the definition of acute is an angle measuring less than 90°

15. Find the young modulus of a brass rod of diameter 25mm and of length 250mm which is
subjected to a tensile load of 50KN when the extension of the rod is equal to 0.3mm.

Answers

The Young Modulus of the brass rod ≈ 8.5 × 10¹⁰ Pa or N/m².

How to find the young modulus of a brass rod?

Given: Physical Properties of the Brass rod exist

Length, L = 250 mm

Radius, R = Diameter / 2 = 25/2 mm

Load of 50 kN hanging on the brass rod which results in elongation of the rod to 0.3 mm.

To estimate the Young Modulus of the brass rod we will require Stress on the rod, Ratio of elongation to the total length.

To find the stress on the rod,

Stress(Pressure) = Force / Area

⇒ Stress = 50,000 / (Area of cross-section)

The rod exists shaped like a cylinder then the area of its cross-section will be πR² ( R = radius)

⇒ Stress = 50000 / (π (25/2 mm)² )

The force exists given in newton, then we must convert the unit of the area into m² to obtain the solution in pascal.

1 mm = 0.001 m

⇒ Stress = 50,000 / 22/7 ( 25/2 × 10⁻³ m)²

take, π = 22/7

⇒ Stress = 50000 / ( 22/7 × 625 / 4 × 10⁻⁶ )

⇒ Stress = 50000 / ( 11/14 × 625 × 10⁻6 )

⇒ Stress = 50000 × 14 × 10⁶ / 625×11

⇒ Stress = 80 × 14 × 10⁶ / 11

Stress = 1120/11 × 10⁶ Pa

Now, that we maintain Stressed, to estimate Strain (ratio of elongation to original length),

Strain = (Elongation) / (Original length)

⇒ Strain = 0.3 / 250

⇒ Strain = 3 / 2500

Therefore, Young Modulus, Y = Stress / Strain

⇒ Y = 1120/11 × 10⁶ / 3/2500

⇒ Y = 1120/11 × 2500/3 × 10⁶

⇒ Y = 101.8 × 833.3 × 10⁶

⇒ Y = 84829.94 × 10⁶

Y ≈ 8.5 × 10¹⁰ Pa

Therefore, the Young Modulus of the brass rod ≈ 8.5 × 10¹⁰ Pa or N/m².

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Equivalent fraction statement

Answers

Answer:

x=18

Step-by-step explanation:

[tex]\frac{4}{12} =\frac{6}{x} \\[/tex]

[tex]\frac{4}{12}[/tex] ÷ [tex]\frac{2}{2}[/tex] = [tex]\frac{2}{6}[/tex] = [tex]\frac{6}{x}[/tex]

[tex]\frac{2}{6} = \frac{6}{x}[/tex]  

2×3 =6

6×3=18

x=18

Exercise 18: 3 1. The populations of a city increased from 4 million to 1.1 million. Write in digits the number by which the population increased.​

pls as fast as u can!!!!!!!!!!!!!!!!

Answers

Answer:

bro it had been decreased

so total had been decreased is (4,000,000-2,900,000)=1,100,000

Jason wants to receive monthly payments of $3,250 for 15 years. How much does he have to invest now in an annuity that has an annual interest rate of 3.6% to achieve his goal? Round your answer to the nearest hundred.

Answer: $451,500​

Answers

The amount she should invest today in the annuity is $455,450.40.

How much should be invested today?

The first step is to determine the future value of the monthly annuity.

Future value = monthly payment x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Where:

r = interest rate = 3.6/12 = 0.3%n = number of periods : 15 x 12 = 180

Future value : 3250 x [(1.003^180) - 1] / 0.003 = 774,171.92

The second step is to determine the present value of this future annuity:

774, 171.92 / (1.036^15) = $455,450.40

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Mr. Gosain?(1 Aana = 31.8 m²) b) A real estate agent bought two triangular Kittas' having a common side as shown in the figure from two people for Rs 20,00,000 altogether. If he immediately sold the land in the shape of a quadrilateral at Rs 15,00,000 per Kattha, find his profit or loss.(1 Kattha= 338.63 sq. m) danta Excel in Mathematics - Book 9 86 36 m Approved by Curriculum Development Cen 20 m 29 m 25 m 21 m aktapur​

Answers

The information given regarding the computation of the profit or loss shows that there's a loss of RS 500,000.

How to calculate the profit?

From the information given, it was stated that the real estate agent bought two triangular Kittas' having a common side as shown in the figure from two people for Rs 2000,000 altogether.

It was further depicted that he sold the land in the shape of a quadrilateral at Rs 1,500,000. In their case, the sale is less than the cost and therefore, there's a loss.

The loss will be:

= 2,000,000 - 1,500,000

= 500,000

Therefore, the information given regarding the computation of the profit or loss shows that there's a loss of RS 500,000.

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From the top of the Eiffel tower, which is 984 feet tall, you look down and see your friend at a 60°
angle of depression. How far is your friend from the foot of the tower?

Answers

The answer is 492 feet.

If we picture the scenario as a right triangle, using trigonometric ratios, this problem can be solved.

cos 60° = x / 984

1/2 = x/984

x = 984/2

x = 492 feet

ASAP HELP ME WITH THIS

Answers

Answer:

isosceles trapezoind

Step-by-step explanation:

An isosceles trapezoid is a trapezoid with congruent base angles.

2/120=X/80=Y/300

x=? & y=?

Answers

X=1.33

Y=4.9875;approx. 5.0

Answer:

(2/120=X/80)=Y/300

2×80=120×X

X=160/120

X=1.33

X/80=Y/300

But X=1.33

By substituting

X=1.33, We have that

1.33/80=Y/300

80×Y=1.33×300

80Y=399

Y=399/80

Y=399/80

Y=5.0 approx.

simply the following expression by combining like terms 5w + 7v - 8w + v - w + 2y

Answers

-4w + 8v + 2y = -4w + 8v + 2y

Mr. and Mrs. Chan want to buy new furniture that has a cash price of $6230. On the installment plan, they must pay %25 of the cash price as a down payment and make twelve monthly payments of $415. How much interest did they pay due to financing?

Answers

The interest due on financing option is $307.50

What is interest on financing?

Interest on financing is the extra amount paid by the couple when their total payments are compared to the cash price of $6,230.

The total payments would be the 25% down payment plus the sum of the twelve monthly payments of $415 each

Down payment=cash price*25%

Down payment=$6230*25%

Down payment=$1,557.50

Total monthly payments=amount of each monthly payment*number of monthly payments

monthly payment=$415

number of monthly payments=12

Total monthly payments=$415*12

Total monthly payments=$4,980

Total payment under financing=Down payment +Total monthly payments

Total payment under financing=$1,557.50+$4,980

Total payment under financing=$6,537.50

Interest=$6,537.50-$6,230

Interest on financing=$307.50

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What is the common denominator of x+5/x+8=1+6/x+1?

Answers

Answer:

(x+8) (x+1)

Step-by-step explanation:

To find the common denominator, we need to find the least common multiple of the terms in the denominator

(x+8) from the first term

(1) from the second term

(x+1) from the third term

The least common denominator is

(x+8) (1)(x+1)

Simplifiying

(x+8) (x+1)

Did you ever purchase a bag of M & M Peanut candies and wonder about the distribution of the colors ? A recent article reported that 30 percent of the candies are brown , 20 percent yellow , 20 percent red , 20 percent green , and 10 percent orange . A one - pound bag of M & M peanut candies was purchased at Wal - Mart here in Lubbock . A total of 188 candies were in the bag , with 67 brown , 22 yellow , 51 red , 24 green , and 24 orange .

Answers

Filling in the frequency table according to the colors observed and expected on the M & M Peanut candies is as follows:

Frequency Table:

Color                              Brown    Yellow     Red      Green     Orange    Total

Absolute Frequencies

Observed Frequency     67           22           51           24           24         188

Expected Frequency     56           38           38           38            18         188    

Relative Frequencies:

Observed Frequency   36%         12%       27%         13%          13%

Expected Frequency    30%        20%      20%        20%          10%

What is a frequency table?

A frequency table is a display of the number of occurrences of a particular value or characteristic.

A frequency table makes it easy to display and interpret a distribution of data.

The absolute frequencies shows the absolute values of the observed and expected frequencies, while the relative frequencies shows the percentage values of the observed and expected frequencies.

Data and Calculations:

Color                              Brown    Yellow     Red      Green     Orange    Total

Observed Frequency     67           22           51           24           24         188

Expected Frequency     30%        20%       20%        20%         10%      100%

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Question Completion:

Fill in the following table on the frequency of the colors, indicating the absolute and relative frequencies of the distributions.

Find one value of x for which h(x)=4 and find h (-2)

Answers

the solutions are:

h(x) = 4  for x = 0h(-2) = 2

How to find the value of x for which h(x) = 4?

The only information of h(x) that we have is the given graph.

To find the value of x, we need to go to the vertical axis and find y = 4, then we move horizontally to the left until we meet the curve.

That intersection will give the value of x for which h(x) = 4.

Doing that, we conclude that h(x) = 4 when x = 0 (on the vertical axis).

Now we want to find h(-2), and we can do that using the graph.

By finding x = -2 on the horizontal axis and then moving up until we intercept the graph, we can see that:

h(-2) = 2

Concluding, the solutions are:

h(x) = 4  for x = 0h(-2) = 2

If you want to learn more about parabolas:

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Find the sum of the infinite geometric sequence that begins 1/12, 1/18, 1/27, …

Answers

Answer:

  1/4

Step-by-step explanation:

The sum of an infinite geometric series is given by the formula ...

  S = a/(1 -r)

where 'a' is the first term, and r is the common ratio.

Application

Here, the first term is 1/12, and the common ratio is ...

  (1/18)/(1/12) = 12/18 = 2/3

Then the sum is ...

  S = (1/12)/(1 -2/3) = (1/12)/(1/3) = 3/12 = 1/4

The sum of the infinite series is 1/4.

jelissa determined she needs to have 800000 for retirement in 30 years. her account earns 6% interest
a. how much would she need to deposit in the account each month
b. how much total money will she put into the account.
c. how much total interest will she earn

Answers

The monthly payment is $796.40.

The total amount she would deposit is $286,705.51

The total interest earned is $513,294.49

What is the monthly payment, total amount deposited and interest?

The payments made by Jessica are known as deferred annuities. Deferred annuities are when a series of payments are made in exchange for an amount of money in the future.

The formula that can be used to determine the amount of monthly deposit is: future value / annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Where:

r = interest rate = 6%/12 = 0.5%

n = number of years = 30 x 12 = 360

Annuity factor = ](1.005^360) - 1] / 0.005 = 1004.515

Monthly payments = 800,000 / 1004.515 = $796.40

Total amount she would deposit = monthly payment x number of years x number of months in a year

$796.40 x 30 x 12 = 286,705.51

Total interest earned = value of the retirement account - total amount deposited

800,000 - 286,705.51 = 513,294.49

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