<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:
s = 21.16
Step-by-step explanation:
0.5s +1= 7+ 4.58
Combine like terms
0.5s +1=11.58
Subtract 1 from each side
0.5s +1-1= 11.58-1
.5s = 10.58
Multiply by 2
.5s *2 = 10.58*2
s = 21.16
Answer:
A=4.
Step-by-step explanation:
Note: In the expression of area the first term should be 
.
It is given that area of a rectangular floor of your house is 
and the length is 
units.
We know that, area of a rectangle is
Since length of the rectangle is , therefore is a factor of and the value of is 0 at x=-2.
Divide both sides by 4.
Therefore, the value of A is 4.
Answer:
There is a vertical asymptote for the rational function at x = −4. Set the denominator equal to 0 and solve for x.
2x + 8 = 0 → x = −4
Step-by-step explanation:
