$662.18 needs to be saved per month.
$90,000 now at 3% inflation will become 90000*1.03^30 after 30 years.
i.e. $218,454 is required in retirement years (for 20 years)
Calculating the PV of these payments at 7% is calculated as below.
FV = 0
1/y = 7%
n=20; PMT = 218454; calculate PV = $2,314,305
Now we want to get $2,314,305 at the start of retirement by saving per year. Enter the following in the financial calculator to get the per month amount.
FV = 2314305; PV = 0; n= 12*30; 1/y = 12%/12; calculate PMT = $662.18
So $662.18 needs to be saved per month.
Learn more about inflation here: brainly.com/question/8149429
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Multiply both sides by <span>cos</span><span>
</span><span>r<span>cos<span>(θ)</span></span>=<span>sec<span>(θ)</span></span><span>cos<span>(θ)</span></span>=1</span><span>
</span><span>x=r<span>cos<span>(θ)</span></span></span><span>
</span><span>x=1</span>
Hello there! So, y = mx + b is in slope-intercept form, where m represents the slope, b represents the y-intercept, and y and x remain unfilled. First off, let's solve for the slope. The formula for slope is y2 - y1 / x2 - x1, where you subtract the first x and y coordinates from the second x and y coordinates. So it would be formed like this:
9 - 4 / 6 - (-4)
Let's subtract. 9 - 4 is 5. 6 - (-4) is 10. 5/10 is 1/2 in simplest form. The slope for this equation is 1/2. Now, let's find the y-intercept. We will find that by plugging one of the points into the equation and solving for b. The x and y coordinates will be filled in by that coordinate. Let's use (-4, 4) for this problem. We will also plug in the slope. In this case, the problem will look like this:
4 = (1/2)(-4) + b
Now, let's multiply 1/2 and -4 to get -2. Now, to get b by itself, subtract 2 to both sides to isolate the b. -2 + 2 cancels out. 4 + 2 is 6. b = 6. There. The equation of the line in slope-intercept form is y = 1/2x + 6.
Answer:
this is just for part A sorry i dont get part B
oof bad drawing of a trapezoid
