Answer:
You would need $14,382.21 to maintain your purchasing power.
Explanation:
Giving the following information:
You would like to retire in 30 years. The expected rate of inflation is 2% per year. You currently have a standard of living that requires $7940 of monthly expenses.
<u>The inflation rate has the same intrinsic behavior as an investment with a compounded interest rate.</u>
<u></u>
We need to use the following formula:
FV= PV*(1+i)^n
FV= 7,940*(1.02^30)
FV= $14,382.21
You would need $14,382.21 to maintain your purchasing power.
Answer:
curriculum is the correct answer right no
Prejudging: judging someone before the facts.
The answer would be racism and sexism, I hope this helps!