Hi!
We can set up a proportion to solve this
Cross multiply
3 x 16 = 48
48/12 = 4
The answer is 4
Hope this helps! :)
The amount needed such that when it comes time for retirement is $2,296,305. This problem solved using the future value of an annuity formula by calculating the sum of a series payment through a specific amount of time. The formula of the future value of an annuity is FV = C*(((1+i)^n - 1)/i), where FV is the future value, C is the payment for each period, n is the period of time, and i is the interest rate. The interest rate used in the calculation is 4.1%/12 and the period of time used in the calculation is 30*12 because the basis of the return is a monthly payment.
FV = $3,250*(((1+(4.1%/12)^(30*12)-1)/(4.1%/12))
Answer:
= 0.708
Step-by-step explanation:
One solution:
x= 0
Y = 3x+ 4 = 4
Another solution:
x = -3
Y = 3x + 4 = -5
Another solution:
x = -1
Y = 3x + 4 = 1
Another solution:
x = 1
Y = 3x + 4 = 7
Another solution:
x = 5
Y = 3x + 4 = 19
Another solution:
x = -10
Y = 3x + 4 = -26
Another solution:
x = 10
Y = 3x + 4 = 34
Answer:
Percentage change in number of members is -20%. Hope it helps
