At 22 years of age, Nicolas and Troy have started their first full-time jobs, and Troy decides to place $10,000 in a savings plan for retirement, which pays 9% compounded every 3 months. As usual, Nicolas thinks Troy is crazy because he wants to enjoy his money now, and then start saving when he turns 45 years of age.

Assume that both Troy and Nicolas plan to retire at age 60. If Nicolas wants to retire with the same amount of savings as Troy, how much will Nicolas need to contribute monthly to his savings account, which earns him 10% compounded monthly?

The correct answer 8486.

Step-by-step explanation:

Given:

Troy - P pr principle amount = 10000

rate = 9%

time = 60-22 = 38

intrest at every three months so time = t = 38*4 = 132

Nicohlas

P = x

rate = 10%

time = 60 -45 = 15

every month compounded = 15*12=180

solution:

the formula of compound intrest = P (1 + r/n)^(nt)

where n = number of counded intrests per year

puting formula for troy=

10000 (1+9/4)^132

= 294,322.96 1

now for nicolas

I = x(1+10/12)^180

x = 294,322.96/(1+10/12)^180

= 8486.

answer: ratio of volume of cone (with 3 times the height and equal diameter) to volume of cylinder is 2 to 1. the value of π is not used.

step-by-step explanation:

radius is diameter/2 = 4.

area of circle is π r^2.

volume of cylinder is height × area of base = hπr^2 = 3(4^2) π = 48π cubic inches.

not knowing the formula for volume of cone, i calculate it using calculus (which is for calculating things).

volume of cone is integral 0 to h area(y) dy. area(y) is π r(y)^2. r(y) runs r to zero as y runs zero to h, r(0) = r, r(h) = 0.

r(y) = r - r/h y

area(y) = π (r - r/h y)^2 = π (r^2 - 2r^2y/h + r^2y^2/h^2) = π r^2(1-2y/h+y^2/h^2)

antiderivative area(y) = π r^2 (y-y^2/h+y^3/(3h^2))

integral 0 to h = π r^2(h-h^2/h+h^3/(3h^2) - (0)) = π r^2(h - h + h/3) = π r^2(h/3) = π/3 r^2 h

volume of this cone is π/3(4^2)18 cubic inches.

= 6 16 π = 96π cubic inches.

cone has twice the volume, 96/48.

cone height is 6 times the cylinder.

ratio of volume formula: π r^2 cancels.

cone over cylinder ratio is 6h/3 to h, 2 to 1.

answer: this is not a question

step-by-step explanation: this is a answer