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3 years ago

7

Garry wants to have $750,000 in 30 years. How much does he have to invest per month in an annuity with an annual interest rate o

f 2.4%? Round to the nearest dollar.

1 answer:

Nikolay [14]3 years ago

4 0

I think the answer is Garry has to invest 2,035 dollars a month for 30 years to reach his goal of 750,000 dollars

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2 years ago

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If you solve for $x$ in this problem you would end up with a result of $\boxed{x = 2.7}$ . To find $x$ you need do the following:

First, subtract 11.45 from both sides:

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Next, divide both sides by -1.2:

$\frac{-1.2x}{-1.2} = \frac{-3.24}{-1.2}$

To get the end result of:

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-Your friend, ASIAX

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