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))
Answer:
c.) 7.5
Step-by-step explanation:
There is a part-to-whole relationship here.
2 customers : 8 minutes= ? customers : 30 minutes
<em>or...</em>
2/8=x/30
Cross multiply:
8x=60
Divided both sides by 8:
x=60/8=7.5
I hope this helps!
Answer:
27
Step-by-step explanation:
the sequence is 4 added to each number. 4 added to 23 is 27
Answer:
the pole is 24 feet tall
Step-by-step explanation:
the mirror make every thing half its size
5(6x+5)-2(4x-1) = 30x+25-8x+2 = 22x+27
