<em><u>The least amount of money you would need to invest per month is; $335</u></em>
<em><u>The anticipated rate of return on your investments is; 7%</u></em>
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- Amount to have been saved at the end of 10 years ≥ $40,000
Number of years of savings = 10 years.
- We want to find out the least amount to be invested per month.
There are 12 months in a year. Number of months in 10 years = 10 × 12 = 120 months.
- Thus, amount to be saved monthly = 40000/12 = $333.33
- Since the minimum amount he wants to save after 10 years is $40000, then we need to approximate the monthly savings in order.
Thus;
Monthly savings ≈ $335
- Now, for the anticipated rate of return on the investment, we know from S & P's that the benchmark on good rate of return for investment is a minimum of 7%.
- From online calculator, the worth of the investment after 10 years based on 7% rate of return yearly would be $57626.
Read more at; brainly.com/question/9187598
Answer:
The first one
Step-by-step explanation:
2 to the power of 20/3 to the power of 8. 2^20/3^8 for short.
Answer:
3 3/8
Step-by-step explanation:
6 minus 2 5/8 equals 3 3/8
3 3/8 plus 2 5/8 equals 6
Use the Pythagorean theorem, tan is y/x so y = -3 and x= -2. Because cos is negative and R is always positive. You need to find R- which is the hypotenuse;
3^2 + 2^2 = r^2
9 + 4 = r^2
13 = r^2
√13 = r.
So you already have tan<span>θ,
cot</span><span>θ= 2/3
sin</span>θ= -3/√13 BUT
you have to rationalize, so you get -3 √13/ 13
cscθ= √13/ -3
cosθ= -2/ √13 BUT
you have to rationalize, so you get -2√13/ 13
secθ= √13/ -2
