You must earn an annual interest rate of 8.09%.
<h3><u>Compound interest</u></h3>
Given that you will deposit $75 a day each day for 17 years, and you deposit your first $75 today, to determine what annual interest rate you must earn in order for you to become a millionaire, you must perform the following calculation:
- 40 - 23 = 17
- 17 x 365 = 6205
- 6205 x 75 = 465,375
- 1 to 100 median = 57.9
- 465,375 x 1.0809^(17 x 0.579) = X
- 1,000,815 = X
Therefore, you must earn an annual interest rate of 8.09%.
Learn more about compound interest in brainly.com/question/25857212
Answer:
Many newer cars come with ABS. What is that and what does it do? increase the distance required to stop the vehicle. The ABS will activate immediately, allowing you to retain full steering control during hard braking and on slippery surfaces.
Explanation:
:)
I no speak Spanish but I got some point
