Solve the lower equation first
+12 on each side
7x=51
divide by 7
x=51/7
then use that to solve the upper equation
Answer:
2(c - 8) = 3
Hope this helps, thank you :) !!
Answer:
He would have $111,050.77 in the IRA.
Step-by-step explanation:
<u>What we know</u>:
The PMT is $1000
Rate of Interest (i in the formula) is 6.4% or 0.064 in decimal form
Number of periods (n) is 12
-
<u>Equation (Future Value Formula)</u>:
FV = PMT ( (1+i)^n -1) / i)
= 1000 ( (1+0.064)^12 -1) / 0.064)
FV = 17,269.22 (rounded)
-
A stands for amount
T stands for time period which is 30
<u>Finding IRA</u>:
A = FV (1+i)^t
= 17,269.22 (1+0.064)^30
= $111,050.77
<span>54.285 rounded to a whole number is 54.
Hope this helps!!
</span>
