Tony wants to pay off his credit card balances within 12 months. He is trying to decide if he should use his $1,000 in savings t
2 answers:
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Answer:
the money you will invest per year to fund 70% of your salary after retirement is given by,
X 70%=280 700.
Explanation:
you will need to save 280 700 in order to pay yourself 70% of 401 000.
since percentage is by 100, you will divide the salary by 100 and multiply the result by the new percentage.