To estimate the amount Bradley would have at age 73 if he started investing in 40 we use the future annuity formula given by:
A=P[((1+r)^n-1)/r]
where:
P=principle
r=rate
n=time
thus plugging in the values we get:
A=12×550=$6600
n=73-40=33
r=7%
hence
A=6600[((1.07)^33-1)/0.07]
simplifying the ^ we get:
A=784,960.6054
Hence the answer is: $784, 960.6054
Salary after 12 years = $28,000(1+0.026)^12 =$38100.12
Answer:
10 feet
Step-by-step explanation: thought it was 11 but got it wrong because it’s 10