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))
3/11 is the simplified version of this fraction
58+24=82 is the correct answer to that question because you subtract 2 from 60 then add that to 6 multiplied by 4
Answer: diagonal
Step-by-step explanation:
Step 1. Simplify
7x^2 - 8x - 4 - 2x^2 + 3x + 5 + 5x^2 - 10x - 8
Step 2. Collect like terms
(7x^2 - 2x^2 + 5x^2) + (-8x + 3x - 10x) + (-4 + 5 - 8)
Step 3. Simplify
10x^2 - 15x - 7
