The amount needed such that when it comes time for retirement is $2,296,305. This problem solved using the future value of an annuity formula by calculating the sum of a series payment through a specific amount of time. The formula of the future value of an annuity is FV = C*(((1+i)^n - 1)/i), where FV is the future value, C is the payment for each period, n is the period of time, and i is the interest rate. The interest rate used in the calculation is 4.1%/12 and the period of time used in the calculation is 30*12 because the basis of the return is a monthly payment.
FV = $3,250*(((1+(4.1%/12)^(30*12)-1)/(4.1%/12))
Answer:
15
Step-by-step explanation:
15 is 5 * 3 so is not prime.
You can take in x values starting from -4 to 4. Substitute the x values in the equation and find the y values.
Using the values, you can plot the line.
Easy :)
Answer:
y= 6/5x + 2
If you substitute the points (5,8) you get:
8 = 6/5 × 5 + 2
8 = 6 + 2
Step-by-step explanation: