Answer:
$2,988,908.60
Step-by-step explanation:
Since the payments are made at the end of the year, it is an Ordinary Annuity.
The future value of an ordinary annuity with deposits P made regularly k times each year for n years, with interest compounded k times per year at an annual rate r, is given as:
In the given case,
- The Yearly Investment, P =$8,750
The stock market's average return is 11% per year. Period, k=1, r=11%, Therefore:
- i=11%=0.11
- n=60-25=35 years
Therefore, the Future Value at 60 years of age
At retirement, I would have $2,988,908.60
X= a number
30% * x= 15
convert % to decimal (30%÷100)
0.30x= 15
divide both sides by 0.30
x= 50
CHECK:
=50 * 30%
=50 * 0.30
=15
ANSWER: 15 is 30% of the number 50
Hops this helps! :)
Answer: Dale must drive 15.8 miles in order to reach his destination.
Explanation: 23-7.2= 15.8
Answer:
6/5
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