<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
Step-by-step explanation:
here's the answer to your question
40,000 divided by 10 is 4,000
3x + 2y - 4z/x for x=5, y=-2, z=10
3x + 2y - 4z/x
3(5) + 2(-2) - 4(10)/(5)
15 - 4 - 40/5
15 - 4 - 8
11 - 8
3
Start at -4 and go to the right 6 times on the number line and you should end up with 2