Can you please explain what you said
25% there are 8 sections and there are two you are trying to land on making it 2/8=25%
Based on the number of years that Peter and Blair have till retirement, the total amount that they need to save to completely fund their income shortfall is $65,545.72.
<h3>What amount do Peter and Blair need to save?</h3>
First, find the income shortfall:
= 75,017 - 54,000
= $21,017
The amount they need to save to cover this shortfall is the future value of this amount at retirement. The rate will be the real rate which is:
= 6% - 2% inflation
= 4%
The future value is:
= Income shortfall x future value interest factor, 4%, 29 years
= 21,017 x 3.1187
= $65,545.72
Find out more on future value at brainly.com/question/24703884
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Answer:
= 7
Step-by-step explanation:
Answer:
x= -1 or x= -4
Step-by-step explanation: