<em><u>The least amount of money you would need to invest per month is; $335</u></em>
<em><u>The anticipated rate of return on your investments is; 7%</u></em>
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- Amount to have been saved at the end of 10 years ≥ $40,000
Number of years of savings = 10 years.
- We want to find out the least amount to be invested per month.
There are 12 months in a year. Number of months in 10 years = 10 × 12 = 120 months.
- Thus, amount to be saved monthly = 40000/12 = $333.33
- Since the minimum amount he wants to save after 10 years is $40000, then we need to approximate the monthly savings in order.
Thus;
Monthly savings ≈ $335
- Now, for the anticipated rate of return on the investment, we know from S & P's that the benchmark on good rate of return for investment is a minimum of 7%.
- From online calculator, the worth of the investment after 10 years based on 7% rate of return yearly would be $57626.
Read more at; brainly.com/question/9187598
Answer:
1/12 chance
Step-by-step explanation:
Encyclopedia
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
The bold letters are the letters in the word Encyclopedia.
Muliply 65 and 0.12 and get 7.8
Subtract 65-7.8 to get marked down price
57.2 is the price after markdown
Just saying, this angle is a 45 degree angle.
and the X on both is '-1'
I think?
hope this helps. im not good at math..- :)
c.) $3.38
Original price = $2.60
* It is the basis of increase thus, 100%
* The increase is 30%, thus, 100% + 30% = 130%
To get the new price, simply multiply the original price to 130%
$2.60 * 130% = $3.38
Another way of solving the problem is getting the equivalent of 30% and adding it to the original price.
$2.60 * 30% = $0.78
$2.60 + $0.78 = $3.38
