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KATRIN_1 [288]
3 years ago
9

If a person needs to have $1,000,000 for retirement in 25 years. How much would they have to invest today at 10% to achieve $1 m

illion in 25 years?
Mathematics
1 answer:
LuckyWell [14K]3 years ago
6 0

Answer:

$935.55

Step-by-step explanation:

I Think

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Answer:

C = 6.75n + 50

Step-by-step explanation:

The equation for the cost of renting the party room can be written in the form;

C= mn+k ......i

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Substituting the 2 cases into the equation we have,

Case 1

117.5 = 10m + k ......1

Case 2

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Subtracting eqn 1 from 2 we have

151.25 - 117.50 = 15m - 10m

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m = 33.75/5 = 6.75

Substituting m = 6.75 into eqn 1, we have

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k = 117.5 - 67.50

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C = 6.75n + 50

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