Answer:
- <em><u>The reduction is 8.6%</u></em>
Explanation:
Call F the full monthly pension of a person retiring at 62.
If a person continues to work the pension grows at a rate of 6% per year, compounded monthly, so use the compounded growing formula:
Where r = 6 / 100 = 0.06, and t = number of years after retirement.
<u>For retirement at 65.5</u>:
<u>For retirement at 67</u>:
<u>Percent reduction of people who retire at 65.5 compared to what they would receive at 67</u>:
0.75 or 3/4 m each.
Extra letters: cdvaysoHAHboaihscvia
Answer:
260 = d + 236 or d + 236 = 260
Step-by-step explanation:
Mental Math
Y=1/3x+1 is the equation for ur question