At age 35 you start saving for retirement. If your investment plan pays an APR of 6% and you want to have $1.5 million when you
retire in 30 years, how much should you deposit monthly? Assume an ordinary annuity.
1 answer:
<span>I would suggest you deposit $1,493.26 monthly</span>
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Answer:
1/12
Step-by-step explanation:
1/3 x1/4=1/12
Answer:
x=5
Step-by-step explanation:
3x + (x+3) = 19
4x + 3 = 19
4x = 16
x = 4
y= x+3
y= 4+3
y= 7
Answer:
B!
Step-by-step explanation:
Answer:
- -6x² - 6 = -7x - 9
- -6x² + 7x - 6 + 9 = 0
- -6x² + 7x + 3 = 0
- 6x² - 7x - 3 = 0
<u>Discriminant:</u>
- D = (-7)² - 4*6*(-3) = 49 + 72 = 121
<u>Since D > 0, there are 2 real solutions:</u>
- x = (- (-7) ±√121 )/12
- x = (7 ± 11)/12
- x = 1.5, x = -1/3
