Answer:
$1,021,337.13
Step-by-step explanation:
The sum of present values of medical expenses is ...
30,000/1.05 +30,000(1.0513)/1.05^2 +30,000(1.0513^2)/1.05^3 +...
So, the series has an initial value of 30,000/1.05 and a common ratio of 1.0513/1.05. Its sum is given by ...
S = a(r^n -1)/(r -1)
where a = 30,000/1.05, n = 35, r = 1.0513/1.05.
Filling in these values and doing the arithmetic, we get ...
S = $1,021,337.13
You need an initial deposit of $1,021,337.13 to cover rising expenses for 35 years.
Answer:
4x+8
Step-by-step explanation:
X + 3( x + 2) + 2
Distribute
x +3x+6+2
Combine like terms
4x+8
Answer:
8r^4
Step-by-step explanation:
Answer:
<em>x = 3.</em>
Step-by-step explanation:
1. <u><em>Add 2 + 7, and you get 9.</em></u>
2. <u><em>Now find what 3 multiplied by what equals 9.</em></u>
3. <em><u>3 x 3 = 9.</u></em>
4. <em><u>Therefore, x = 3.</u></em>
5. <em><u>3 x 3 - 2 = 7.</u></em>
