<em><u>The least amount of money you would need to invest per month is; $335</u></em>
<em><u>The anticipated rate of return on your investments is; 7%</u></em>
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- Amount to have been saved at the end of 10 years ≥ $40,000
Number of years of savings = 10 years.
- We want to find out the least amount to be invested per month.
There are 12 months in a year. Number of months in 10 years = 10 × 12 = 120 months.
- Thus, amount to be saved monthly = 40000/12 = $333.33
- Since the minimum amount he wants to save after 10 years is $40000, then we need to approximate the monthly savings in order.
Thus;
Monthly savings ≈ $335
- Now, for the anticipated rate of return on the investment, we know from S & P's that the benchmark on good rate of return for investment is a minimum of 7%.
- From online calculator, the worth of the investment after 10 years based on 7% rate of return yearly would be $57626.
Read more at; brainly.com/question/9187598
Answer:
Find the slope of the line that passes through the points given in the table. The slope is 5.
Use one of the given points to find the y-intercept. Substitute values for x, y, and m into the equation y = mx + b and solve for b. The y-intercept is 1.
Write the formula as a function of n in slope-intercept form. The function is
f(n) = 5n+1 for n in the set of natural numbers.
Answer:
a = 4h.
Step-by-step explanation:
Area (a) = base (b) * height (h).
When h = 2, a = 8:
a = bh
6 = 2b
b = 4
The result 4 is the same for h = 5, 7 and 12.
So the required equation is
a = 4h.
Answer:it will take 200 kilometers for the costs to be the same.
Step-by-step explanation:
Let x represent the number of kilometers that Andrea would have to drive for the total cost of renting from both companies to be the same.
Action trucks charges $80 for the day plus $0.22 per kilometer. It means that the total cost of x miles would be
80 + 0.22x - - - - - - - - - 1
Truck experts charges $100 for the day plus $0.12 per kilometer. It means that the total cost of x miles would be
100 + 0.12x - - - - - - - - - 2
Therefore, for the cost of renting from both companies to be the same,
80 + 0.22x = 100 + 0.12x
0.22x - 0.12x = 100 - 80
0.1x = 20
x = 20/0.1 = 200
Answer:
the line is making a kite like shape
