Divide the gross income by 12 to find his monthly pay:
29,700 / 12 =$2,475 per month.
Multiply his monthly pay by 7%:
2,475 x 0.07 = $173.25 into his 401(k) per month.
The answer is A.
Answer:
z(43)x(−5−2)y(4−2)
=−602xyz
Step-by-step explanation: HOpe this help , pls mark me as brainlisti
Answer:
Attached is the sketch
X-axis intersections:
(-3,0)
(0,0)
(1,0)
Points of inflection:
(-1,319,-2.881) Concave upward
(0.569,1.041) Concave downward
Step-by-step explanation:
Desmos (I'm not allowed to post the link, pls search it up) is a great help for these type of problems!
Continuous compounding is the mathematical limit that compound interest can reach.
It is the limit of the function A(1 + 1/n) ^ n as n approaches infinity. IN theory interest is added to the initial amount A every infinitesimally small instant.
The limit of (1 + 1/n)^n is the number e ( = 2.718281828 to 9 dec places).
Say we invest $1000 at daily compounding at yearly interest of 2 %. After 1 year the $1000 will increase to:-
1000 ( 1 + 0.02/365)^365 = $1020.20
with continuous compounding this will be
1000 * e^1 = $2718.28
