3/5 is 60% 3/15 is 20% divide 60% by 20% and you have a 3 hope this helps
4/5 = 8/10= 0. 80
make sense? any questions?
Answer:
$9486.68
Step-by-step explanation:
The future value of a annuity formula can be used:
FV = P((1+r)^n -1)/r
750000 = P(1.06^30 -1)/0.06
P = 750000(.06)/(1.06^30 -1) = 9486.68
Adam has to contribute $9,486.68 each year to reach his goal.