Answer:
$2,988,908.60
Step-by-step explanation:
Since the payments are made at the end of the year, it is an Ordinary Annuity.
The future value of an ordinary annuity with deposits P made regularly k times each year for n years, with interest compounded k times per year at an annual rate r, is given as:
In the given case,
- The Yearly Investment, P =$8,750
The stock market's average return is 11% per year. Period, k=1, r=11%, Therefore:
- i=11%=0.11
- n=60-25=35 years
Therefore, the Future Value at 60 years of age
![F.V.=\dfrac{8750[(1+0.11)^{35}-1]}{0.11}\\=\dfrac{8750[(1.11)^{35}-1]}{0.11}\\=\$2,988,908.60](https://tex.z-dn.net/?f=F.V.%3D%5Cdfrac%7B8750%5B%281%2B0.11%29%5E%7B35%7D-1%5D%7D%7B0.11%7D%5C%5C%3D%5Cdfrac%7B8750%5B%281.11%29%5E%7B35%7D-1%5D%7D%7B0.11%7D%5C%5C%3D%5C%242%2C988%2C908.60)
At retirement, I would have $2,988,908.60
Answer:
a. (15, 15)
Step-by-step explanation:
We start with those two equations:
1) a - 1.2b = -3
2) 0.2b + 0.6a = 12
We'll begin by modifying equation #1 to isolate a:
a = -3 + 1.2b
Then we'll use this value for a in the second equation:
0.2b + 0.6 (-3 + 1.2b) = 12
0.2b - 1.8 + 0.72b = 12
0.92b = 13.8
b = 15
Then we'll place that value of b in the first equation to find a:
a - 1.2 (15) = -3
a - 18 = -3
a = 15
Answer:-1>p
Step-by-step explanation:
6>3p+9
-9 -9
-3>3p
Divide by 3 on each side
-1>p
Answer:
Its answer is 20 because there is no x with 20 number so it willl be same
![f(x)=10^{2} =20\\f(3)=?\\f(3)=20\\](https://tex.z-dn.net/?f=f%28x%29%3D10%5E%7B2%7D%20%3D20%5C%5Cf%283%29%3D%3F%5C%5Cf%283%29%3D20%5C%5C)
:)