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))
The answer is the number 4
-2,-7 because you go the same ammount in the opposite direction
Answer:
V=65.94 in^3 (inches cubed)
Step-by-step explanation:
V=πr^2h/3
h = 7
r = 3
V = (3.14)(3^2)(7/3)
V= (3.14)(9)(2.333)
V=65.94 in^3
