Answer:
$2,988,908.60
Step-by-step explanation:
Since the payments are made at the end of the year, it is an Ordinary Annuity.
The future value of an ordinary annuity with deposits P made regularly k times each year for n years, with interest compounded k times per year at an annual rate r, is given as:
In the given case,
- The Yearly Investment, P =$8,750
The stock market's average return is 11% per year. Period, k=1, r=11%, Therefore:
- i=11%=0.11
- n=60-25=35 years
Therefore, the Future Value at 60 years of age
At retirement, I would have $2,988,908.60
Answer:
A. -20p - 2
General Formulas and Concepts:
<u>Pre-Algebra</u>
<u>Algebra I</u>
Step-by-step explanation:
<u>Step 1: Define</u>
2 - 4(5p + 1)
<u>Step 2: Simplify</u>
- Distribute -4: 2 - 20p - 4
- Combine like terms: -20p - 2
Answer:7348 is already in the simplest form. It can be written as 1.520833 in decimal form (rounded to 6 decimal places).
Step-by-step explanation:
Answer:
c.) 476
Step-by-step explanation:
-19; -14; -9; -4; 1;............aₙ
aₙ = 5n - 24
a₁₀₀ = 5(100) - 24
a₁₀₀ = 476
Answer:
Cube root of 16
Step-by-step explanation:
x^m/n =n/x^m
4^2/3 = 3/4^2=3/16
So it is Cube root of 16
Hope This Helped