Answer: $ 123,859.75
Step-by-step explanation:
you will want an initial investment of $ 14,000.00
to attain a future value of $ 123,859.75
at an interest rate of 5%
with monthly contributions of $ 500.00
for an investment period of 12 years
Answer:
Step-by-step explanation: x+ y+z=19 ...(1)
2x+6y+z=12 ...(2)
3x+8y+z=-14 ...(3)
(2)-(1) gives
x+5y =-7 ...(4)
(3)-(1) gives
2x+7y= -33 ...(5)
multiply (4) by 2
2x+10y=-14 ...(6)
(6)-(5) gives
3y=19
y=19/3
x+95/3=-7
x=7+95/3=(21+95)/3=116/3
from (1)
116/3+19/3+z=19
(116+19)/3+z=19
135/3+z=19
45+z=19
z=19-45=-26
7\24 or 7\8 if you add it together or just add the numerator
