Answer:
Step-by-step explanation:
The amount needed such that when it comes time for retirement is $2,296,305. This problem solved using the future value of an annuity formula by calculating the sum of a series payment through a specific amount of time. The formula of the future value of an annuity is FV = C*(((1+i)^n - 1)/i), where FV is the future value, C is the payment for each period, n is the period of time, and i is the interest rate. The interest rate used in the calculation is 4.1%/12 and the period of time used in the calculation is 30*12 because the basis of the return is a monthly payment.
FV = $3,250*(((1+(4.1%/12)^(30*12)-1)/(4.1%/12))
I believe the answer is 21
9514 1404 393
Answer:
6. x = 3
8. x = -7.5
Step-by-step explanation:
Put the number in place of the expression it is equal to, then solve for x.
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6) g(x) = -x +5
2 = -x +5 . . . . . . . . . g(x) is replaced by 2, because g(x) = 2
x +2 = 5 . . . . . . . . . . add x to both sides
x = 3 . . . . . . . . . . . . . subtract 2 from both sides
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8) n(x) = -2x -21
-6 = -2x -21 . . . . . n(x) is replaced by its equal: -6
3 = x +10.5 . . . . . . divide both sides by -2
-7.5 = x . . . . . . . . . subtract 10.5 from both sides
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<em>Additional comment</em>
We have shown a couple of ways these equations can be solved. You can separate the x-term and the constant terms before you divide by the x-coefficient, or you can do it after. In the first equation, we could have solved it ...
2 -x +5
-3 = -x . . . . subtract 5
3 = x . . . . . . multiply by -1
The way we did it avoids negative numbers.
