Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Defined Benefit Accounts lan, who is self-employed, contributes $4,090 a month into a defined benefit retirement account earning interest at the rate of /year compounded

image text in transcribedimage text in transcribed
Defined Benefit Accounts lan, who is self-employed, contributes $4,090 a month into a defined benefit retirement account earning interest at the rate of /year compounded monthly. At the end of 25 years, his account will be worth S _ 48,000 1 + 2) - 1 300 dollars. (a) Find the differential of S. 48000 ds = 257 1 + 5 299 12 (1 + 300 + 1 dr [b) Approximately how much more (in dollars) would lan's account be worth at the end of 25 years if his account earned 4.1%/year instead of 4%/year? 4.2%/year instead of 4%/year? 4.3%/year instead of 4%/year? (Round your answers to the nearest cent.) 4. 1% $ X 4.2% 4.3% $ Need Help? Read It Watch It Submit AnswerEffect of Supply of Radios on Price The supply equation for a certain brand of radio is given as follows where x is the quantity supplied and p is the unit price in dollars. p = s(x) = 0.3vx + 12 Use differentials to approximate the change in price when the quantity supplied is increased from 16,900 units to 17,400. (Give your answer correct to the nearest cent.) 0.58 x c Need Help? Read It Watch it

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Mathematics questions