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
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Answer:
Step-by-step explanation:
Formula
Sn = (a + a + (n - 1)*d) * n / 2
Givens
Sn = 60
a = 3
Solution
You want integer values for d and n
60 = (2*a + (n - 1)*d) * n/2 Multiply both sides by 2
120 = (2*3 + (n - 1)*d ) * n
120 = (6 + n*d - d) * n
120 = 6n + n^2*d - d*n
This gives some really wild results. I will list all of them here. and then discuss them.
These are the ones that give results without any question and are correct.
n d tn
2 54 3 57
3 17 3 20 37
4 8 3 11 19 27
Here are some that are the gift of the equation
20 0 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3
Now the equation says the following 3 are correct, but are they? Can you have a negative n? The equation says yes, but I doubt your instructor will.
-5 5
-1 63
-2 22
You can bring these up if you are in a classroom. I wouldn't if you have to submit this to a computer which has absolutely no ability whatever to think about exceptions. Even the 20 0 is one I wouldn't use.
Answer:
-1 <x < 7
(-1,7)
Step-by-step explanation:
open circle on the left means the number is greater than
-1 <x
Open circle on the right means the number is less than
x < 7
Since both statements are true. we combine them
-1 <x < 7
open circles means parentheses, closed circles mean brackets
Answer:
I need the transformstion lol
