Aroth individual retirement account allows you to draw a fixed amount that is not taxed. the maximum amount that an individual can contribute annually to a roth ira is $5,000. determine the future value of such an account given that the annual percent rate is 1.2%, and an annual payment of $2,675.32 is made at the end of each year for 30 years. round to the nearest cent. a. $95,245.67 b. $95,340.91 c. $97,074.97 d. $95,923.88

Let P=2675.32, r=0.012.

Let's start by solving a different problem. If we deposit P at the end of year 1 and make no other deposits, how much do we have at year t?

After 1 year we have P, after 2 years P(1+r), after t years,

We need to add up n=30 of these:

That's an n term geometric series, straightforwardly summed:

Substituting,

d

complete the steps to find the area of the trapezoid.

area of rectangle = 256   square units

area of triangle 1 = 24  square units

area of triangle 2 = 16  square units

area of triangle 3 =   96 square units

area of trapezoid = 120  square units

step-by-step explanation:

x = 2

step-by-step explanation:

if sr parallel to ba then the sides bc and ac are in proportion, that is

= ← substitute values

= ( cross- multiply )

27x = 6(4x + 1)

27x = 24x + 6 ( subtract 24x from both sides )

3x = 6 ( divide both sides by 3 )

x = 2