1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
wel
2 years ago
8

Could someone please help me solve this? Brainly if correct

Mathematics
1 answer:
Scorpion4ik [409]2 years ago
7 0

You will need to deposit  $ 10,957 each year until retirement to achieve your retirement goals.

<h3>What is compound interest, and how does it work?</h3>

Compound interest is computed on a loan or deposit based on the starting principle and the preceding period's accrued interest.

Principal(P)=$40,000

(Time period)T=25+15 = 40 year

R=8%

The final balance is $273,938.99 and the total compound interest is $233,938.99.

The amount he has to deposit each year is found as;

⇒$273,938.99/25

⇒ $ 10,957

Hence. you will need to deposit  $ 10,957 each year until retirement to achieve your retirement goals.

To learn more about compound interest, refer to brainly.com/question/14295570

#SPJ1

You might be interested in
What is the answer for this question 7(x+4)-7=48-2x
Alex777 [14]

Answer:

x = 3

Step-by-step explanation:

7(x + 4) - 7 = 48 - 2x ← distribute parenthesis and simplify left side

7x + 28 - 7 = 48 - 2x

7x + 21 = 48 - 2x ( add 2x to both sides )

9x + 21 = 48 ( subtract 21 from both sides )

9x = 27 ( divide both sides by 9 )

x = 3

8 0
2 years ago
Read 2 more answers
The sum of seven times a number, and 9, is equal to six times the number. What's the algebraic expression?
S_A_V [24]
7n+9=6n
9=-n
n=-9
..............
4 0
2 years ago
Write an equation for the line that passes through (1, 4) and (0, 8)
inn [45]
The way i did that in middle school was plot the points then find the slpoe and work it out from there
3 0
3 years ago
Read 2 more answers
Consider this expression.
elena55 [62]

Answer:

79 is the value

Step-by-step explanation:

6 0
2 years ago
I need help solving number 17.
melisa1 [442]
Let x = amount of sales (in dollars)

The salary is $400 and there's an additional 0.06x dollars added on to get to the goal of 790. The equation is therefore

<span>400+0.06x = 790
</span>
Let's solve for x

400+0.06x = 790
<span>400+0.06x-400 = 790-400
</span>0.06x = 390
0.06x/0.06 = 390/0.06
x = 6500

The final answer is 6500

This means he must have $6,500 in sales. 
8 0
3 years ago
Other questions:
  • Another two step equation ... 1/3y+1/4=5/12
    7·1 answer
  • Can someone please help me with this
    15·1 answer
  • How do I solve 1/10x+5=-3x-13+4x ?
    6·2 answers
  • Fiona solved the equation shown 1/2-1/3(6x-3)=-13/2 what is the missing step of her solution?
    14·1 answer
  • I need some help please I would greatly appreciate it
    12·1 answer
  • The Pave the Way Company is installing a new walkway. The installer uses 13 paving stones for every foot of walkway. He needs 11
    8·1 answer
  • In triangle def the measure of angle F=90 degrees fe=21 df=20cand ed=29 what is the cosine of angle e to nearest hundredth
    8·1 answer
  • 6 - 3x = -6 PLEASE ANSWER FAST I NEED HELP!!!
    10·2 answers
  • 48/8 = 42/x
    5·1 answer
  • Complete the conversion. Write your answer in decimal form.<br><br> 1 yd =____in.
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!