1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
oee [108]
3 years ago
7

Burton Bush wants to retire in Arizona when he is 80 years of age. Burton, who is now 55, believes he will need $400,000 to reti

re comfortably. To date, he has set aside no retirement money. If he gets an interest of 6 percent compounded annually, he will have to invest today: (Use the tables in the handbook)
$92,300
$69,900
$96,500
$93,200
None of these
Mathematics
1 answer:
Pachacha [2.7K]3 years ago
4 0
N = Number of years = 80 - 55 = 25
A = $400,000
r = 6% = 0.06

A = P(1 + r)^n
400,000 = P(1 + 0.06)^25 = P(1.06)^25 = 4.292P
P = 400,000 / 4.292 = $93,200
You might be interested in
Please help me lol aaaaa
miss Akunina [59]

Answer:

−0.125 or - 1/8

Step-by-step explanation:

8 0
3 years ago
How to find an unknown angle in a quadrilateral
cricket20 [7]
Subtract the sum of the angles from 180 degrees to get the missing angle. For example if a triangle in a quadrilateral had the angles of 30 and 50 degrees, you would have a third angle equal to 100 degrees (180 - 80 = 100).
4 0
3 years ago
Select the correct choice below​ and, if​ necessary, fill in the answer box to complete your choice.
Lerok [7]

Answer:

the product does not exits

5 0
3 years ago
Can anyone help me with this question ?
SashulF [63]
88.75 for each shirt
3 0
3 years ago
Read 2 more answers
Fill in the blanks to complete the equation that describes the diagram.
Nimfa-mama [501]
Based on the picture I would say:
-4 + -2 = -6
8 0
3 years ago
Other questions:
  • Math Help. Greatly Appreciated
    13·1 answer
  • What two numbers multiply to get -27 and add to 6
    9·1 answer
  • Determine if the matrix is symmetric.
    7·1 answer
  • Write the equation on the line passing through the two points (-2,11) and (5,-3)
    9·1 answer
  • What is the product of three tenths and four hundredths
    8·1 answer
  • Please help! Thank you​
    5·1 answer
  • Cos^2x+1=0 help me pls
    6·1 answer
  • What is the approximate volume of the cone<br> below?
    7·1 answer
  • If f(x)=x2+3x−2, find f(−2).
    13·2 answers
  • A ball pit has 1000 red balls, 500 green balls, and 100 yellow balls. If a ball randomly gets picked from the pit, what is the p
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!