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:
what are you trying to ask? I hope these help:
Diameter: 16 units
Radius: 8 units
Area: 200.96 units
Step-by-step explanation:
Diameter: circumference ÷ π
Radius: diameter ÷ 2
Area: pi times radius²
Answer:
y=-6x+7 (Negative Slope)
Step-by-step explanation:
This equation is in slope intercept form.
7= y-intercept
-6= slope
This means that when you plot this on a graph, your slope will be negative.
The answer for each large square represents 1 whole is number4
Yes I think it really is the correct answer
