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:
I beliive it is 16, but haven't done this in a bit haha
Step-by-step explanation:
So bisect means to "split in half" aka segment BD is directly in the middle of triangle ABC. This means we can look at the half of the triangle we know (ABD). We see a 16, so therefore x should be 16.
(again, hopefully I am correct)
Just do 5/8 to get 0.625 . Put a 0 onto the 0.6 . So now you have 0.60 and 0.625 . So your answer is yes
Should be chosen the bigger propability
0,6>0,4
