Answer:
1
Step-by-step explanation:
<em><u>The least amount of money you would need to invest per month is; $335</u></em>
<em><u>The anticipated rate of return on your investments is; 7%</u></em>
<em><u /></em>
- Amount to have been saved at the end of 10 years ≥ $40,000
Number of years of savings = 10 years.
- We want to find out the least amount to be invested per month.
There are 12 months in a year. Number of months in 10 years = 10 × 12 = 120 months.
- Thus, amount to be saved monthly = 40000/12 = $333.33
- Since the minimum amount he wants to save after 10 years is $40000, then we need to approximate the monthly savings in order.
Thus;
Monthly savings ≈ $335
- Now, for the anticipated rate of return on the investment, we know from S & P's that the benchmark on good rate of return for investment is a minimum of 7%.
- From online calculator, the worth of the investment after 10 years based on 7% rate of return yearly would be $57626.
Read more at; brainly.com/question/9187598
Answer:
and growth rate factor is 0.075
Step-by-step explanation:
The function that models the population of iguanas in a reptile garden is given by
, where x is the number of years.
Since, 
i.e.
.
Therefore, the monthly growth rate function becomes,
i.e.
.
i.e.
.
Hence, the monthly growth rate is i.e.
.
Also, the growth factor is given by
= 0.075.
Thus, the growth factor to nearest thousandth place is 0.075.
Hi there!
First we need to remember the following.

Now substitute both of the formulas.

Work out the parenthesis.

And finally collect terms.

~ Hope this helps you!
Answer:
450
Step-by-step explanation:
You basically do 1350 * 1/3 or 1350/3