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:
9-3x=0
Step-by-step explanation:
Add 3x to both sides
9=3x
divide both sides by 3
3=x
x=3
If the coefficient of x^2 is negative, the graph will be n shaped and curve down instead of like a u shape if it was positive. If the vertex is below the x axis and curves down, it won’t pass the x axis, Tia is right.
Answer: b) -0.625
<u>Step-by-step explanation:</u>
The formula for the z-score is:
Hello, we know there are 12 inches in one foot, so in 12 feet, there are 144 inches.
