Hmm a number as. a decimal is 1/2=0.50
Answer:
- <em><u>The reduction is 8.6%</u></em>
Explanation:
Call F the full monthly pension of a person retiring at 62.
If a person continues to work the pension grows at a rate of 6% per year, compounded monthly, so use the compounded growing formula:
Where r = 6 / 100 = 0.06, and t = number of years after retirement.
<u>For retirement at 65.5</u>:
<u>For retirement at 67</u>:
<u>Percent reduction of people who retire at 65.5 compared to what they would receive at 67</u>:
Answer: What are the fractions
Step-by-step explanation:
A=3000(1+3*0.027)=3,243
Interest earned 243
A=5,000×(1+0.018)^(3)=5,274.89
Interest earned 274.89
A=5,000×(1+0.039÷4)^(4×3)=5,617.41
Interest earned 617.41
Total interest 243+274.89+617.41=1,135.3
Total amount Amount after 3 years
3,243+5,274.89+5,617.41=14,135.3