Answer:
2 1/10
Step-by-step explanation:
"Convert the decimal number to a fraction by placing the decimal number over a power of ten. Since there is 1 number to the right of the decimal point, place the decimal number over 1 (10). Next, add the whole number to the left of the decimal.
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quote desmos
Step-by-step explanation:
i = interest 3% for 30 years
This is a simple dynamical system for whom the the solutions are given as
putting values we get
S=2000[\frac{(1.03)^{30}-1}{0.03}](1.03)
= $98005.35
withdrawal of money takes place from one year after last payment
To determine the result we use the present value formula of an annuity date
we need to calculate R so putting the values and solving for R we get
R= $6542.2356