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svp [43]
3 years ago
5

Ken started saving for retirement at age 35 with plans to retire at age 70. He invested an average of $600 per month in various

securities, with an average annual return of 5% adjusted for inflation. Assuming monthly compounding, how much has Kent saved at the start of retirement
A: $54,192.18
B: $825,655.45
C: $499,355.18
D: $681,655.46
Mathematics
2 answers:
Irina-Kira [14]3 years ago
8 0
The answer is C $499,355.18
VARVARA [1.3K]3 years ago
7 0

Answer:

<u>D - $681,655.46</u>

Step-by-step explanation:

Just took the test and found out the answer. The other person provided the wrong answer and explanation. What a idiot.

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2 years ago
36 is what percentage of 128?<br> A. <br> B. 28 %<br> C. 28.125 %<br> D. 4,608%
skad [1K]

Answer:

C is the correct answer:

<h2>Solution for 36 is what percent of 128:</h2>

To get the solution, we are looking for, we need to point out what we know.

1. We assume, that the number 128 is 100% - because it's the output value of the task.

2. We assume, that x is the value we are looking for.

3. If 100% equals 128, so we can write it down as 100%=128.

4. We know, that x% equals 36 of the output value, so we can write it down as x%=36.

5. Now we have two simple equations:

1) 100%=128

2) x%=36

where left sides of both of them have the same units, and both right sides have the same units, so we can do something like that:

100%/x%=128/36

6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for 36 is what percent of 128

100%/x%=128/36

(100/x)*x=(128/36)*x - we multiply both sides of the equation by x

100=3.55555555556*x - we divide both sides of the equation by (3.55555555556) to get x

100/3.55555555556=x

28.125=x

x=28.125

<h3>now we have:</h3>

36 is 28.125% of 128

Step-by-step explanation:

Hope it is helpful....

7 0
2 years ago
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