Math help?!? Savings Plan ? 401 K
Favorites|Homepage
Subscriptions | sitemap
HOME > > Math help?!? Savings Plan ? 401 K

Math help?!? Savings Plan ? 401 K

[From: ] [author: ] [Date: 11-12-13] [Hit: ]
54462171512153247554109772 accounts, each with 200 per month:2 * 1107909.0297478100810216503607318 =>2215818.0594956201620433007214636b)Once again, this depends on how we interpret the question1 account, 200 total from Jason and Michelle200 * 12 * 45 + 200 * 12 * 45 =>400 * 540 =>216000 in principal payments.......

(200 + 200) * (201 * (1.005^540 - 1) =>
400 * 201 * (1.005^540 - 1) =>
1107909.0297478100810216503607318

x = 400

(400 + 200) * 201 * (1.005^540 - 1) =>
600 * 201 * (1.005^540 - 1) =>
1661863.5446217151215324755410977

2 accounts, each with 200 per month:

2 * 1107909.0297478100810216503607318 =>
2215818.0594956201620433007214636


b)
Once again, this depends on how we interpret the question

1 account, 200 total from Jason and Michelle
200 * 12 * 45 + 200 * 12 * 45 =>
400 * 540 =>
216000 in principal payments.
891909.02974781008102165036073181 in interest

1 account, 400 total from Jason and Michelle
(400 + 200) * 12 * 45 =>
600 * 540 =>
324000 in principal
1337863.5446217151215324755410977 in interest

2 accounts, 200 per month from each
432000 in principal
1783818.0594956201620433007214636 in interest


c)
Take the final amount and multiply it by (1 - 0.03)^45

1 account, 200 total: 281340.42810962343702497833740043
1 account, 400 total: 422010.64216443515553746750610064
2 accounts, 200 each: 562680.85621924687404995667480086
12
keywords: 401,Plan,help,Savings,Math,Math help?!? Savings Plan ? 401 K
New
Hot
© 2008-2010 http://www.science-mathematics.com . Program by zplan cms. Theme by wukong .