Year 1 year 2 year 3 year
<span>im pretty sure it would be 1 in 3 or 1 in 4</span>
You will need to deposit $ 10,957 each year until retirement to achieve your retirement goals.
<h3>What is compound interest, and how does it work?</h3>
Compound interest is computed on a loan or deposit based on the starting principle and the preceding period's accrued interest.
Principal(P)=$40,000
(Time period)T=25+15 = 40 year
R=8%
The final balance is $273,938.99 and the total compound interest is $233,938.99.
The amount he has to deposit each year is found as;
⇒$273,938.99/25
⇒ $ 10,957
Hence. you will need to deposit $ 10,957 each year until retirement to achieve your retirement goals.
To learn more about compound interest, refer to brainly.com/question/14295570
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Answer:
(180-x)⁰ or it might also be X⁰
Answer:
A. both a relation and a function
Step-by-step explanation:
The given set of ordered pairs is
{(1,2),(2,3),(3,1),(4,4),(5,2)}.
This ordered pairs represent a relation.
The x-coordinates represent the domain and the co-domain or range is the set of the y-coordinates.
The relation is many-to-one relation.
All many-to-one relations are functions.
The correct choice is A.
