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))
Slope= m= 1/2
Hope this helps!
13. AC=6
sorry it's just a guess i'm like 99% sure tho
Answer: <em>D. 120 students</em>
Step-by-step explanation:
<em>This is an easy solution</em>
<em>Take 300 and divide it by 5</em>
<em>300/5</em>
<em>This will result in 40</em>
<em>Now Multiply 40 by 3</em>
<em>Like so: 40x3</em>
<em>This will result in </em><em>120</em>
Answer:
first one is 32
the second one is 53
Step-by-step explanation:
