$662.18 needs to be saved per month.
$90,000 now at 3% inflation will become 90000*1.03^30 after 30 years.
i.e. $218,454 is required in retirement years (for 20 years)
Calculating the PV of these payments at 7% is calculated as below.
FV = 0
1/y = 7%
n=20; PMT = 218454; calculate PV = $2,314,305
Now we want to get $2,314,305 at the start of retirement by saving per year. Enter the following in the financial calculator to get the per month amount.
FV = 2314305; PV = 0; n= 12*30; 1/y = 12%/12; calculate PMT = $662.18
So $662.18 needs to be saved per month.
Learn more about inflation here: brainly.com/question/8149429
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Calculate the intercepts bu replacing x or y with 0 and solving for the other.
4x - 1 = 3y + 5
If x = 0,
4(0) - 1 = 3y + 5
-1 = 3y + 5
-6 = 3y
y = -2
If y = 0
4x - 1 = 3(0) + 5
4x - 1 = 5
4x = 6
x = 6/4 or 3/2
x int: (3/2,0)
y int: (0,-2)
Answer:
Step-by-step explanation:
multiply the ratio by 24/5 and you have
72/5 : 24
or
14.4:24
Answer:
13x+2+5x-7+3x-4=180
13x+5x+3x=180-2+7+4
21x/21=189/21
X=9
Please put the degrees sign there
Step-by-step explanation:
Answer:
Multiply the expressions.
204
Step-by-step explanation:
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