Answer:

» Collect like terms, r terms on the left hand side by subtracting r from both sides and adding st to both sides

» On the left hand side, factorise out r

9514 1404 393
Answer:
C. 13
Step-by-step explanation:
Put 4 where y is in the equation and do the arithmetic.

Answer:
2 pack of cola would cost $5.
Step-by-step explanation:
the reason for this being is that
4 packs of cola = $10
2 is half of 4
5 is half of 10
$5<====
2m-5-5= -3m +15
2m -10= -3m+15
2m+3m= 15+10
5m= 25
m= 25/5
m=5
$662.18 needs to be saved per month.
$90,000 now at 3% inflation will become 90000*1.03^30 after 30 years.
i.e. $218,454 is required in retirement years (for 20 years)
Calculating the PV of these payments at 7% is calculated as below.
FV = 0
1/y = 7%
n=20; PMT = 218454; calculate PV = $2,314,305
Now we want to get $2,314,305 at the start of retirement by saving per year. Enter the following in the financial calculator to get the per month amount.
FV = 2314305; PV = 0; n= 12*30; 1/y = 12%/12; calculate PMT = $662.18
So $662.18 needs to be saved per month.
Learn more about inflation here: brainly.com/question/8149429
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