Answer:
$23.56
Step-by-step explanation:
Step one:
given data
We are told that the unit cost per pound is $5.89
Required
the cost of 4 pounds
If 1 pound cost $5.89
4 pounds cost x
cross multiply
x= 4*5.89
x=$23.56
Answer: your answer is below ⬇
Step-by-step explanation: So let's say that you start at $20,000 when you are just 20 years old. In seven years, or 27, you get $40,000. So metaphorically, it's all about a penny a day doubled for a year.
Based on the number of years that Peter and Blair have till retirement, the total amount that they need to save to completely fund their income shortfall is $65,545.72.
<h3>What amount do Peter and Blair need to save?</h3>
First, find the income shortfall:
= 75,017 - 54,000
= $21,017
The amount they need to save to cover this shortfall is the future value of this amount at retirement. The rate will be the real rate which is:
= 6% - 2% inflation
= 4%
The future value is:
= Income shortfall x future value interest factor, 4%, 29 years
= 21,017 x 3.1187
= $65,545.72
Find out more on future value at brainly.com/question/24703884
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