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
1 answer:
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Answer:
1 : 8
Step-by-step explanation:
For similar figures with ratio of sides = a : b
Then ratio of areas = a² : b² and
ratio of volumes = a³ : b³
Given ratio of areas = 1 : 4
linear ratio = :
= 1 : 2
ratio of volumes = 1³ : 2³ = 1 : 8