For this case we have that the distance between two points is given by:
We have the points:
Substituting:
Thus, the distance between the points is 13
Answer:
Thanks you too buddy :)))))
To estimate the amount Bradley would have at age 73 if he started investing in 40 we use the future annuity formula given by:
A=P[((1+r)^n-1)/r]
where:
P=principle
r=rate
n=time
thus plugging in the values we get:
A=12×550=$6600
n=73-40=33
r=7%
hence
A=6600[((1.07)^33-1)/0.07]
simplifying the ^ we get:
A=784,960.6054
Hence the answer is: $784, 960.6054
I believe it’s x=3 i’m sorry if i wrong
