Complete question :
You have decided to stop drinking Starbucks coffee and invest that money in an IRA. If you deposit $492 each month earning 6% interest, how much will you have in the account after 40 years?
Answer:
$250,329.60
Step-by-step explanation:
Given:
Principal, P= $492 per month
= $492 * 12 = $5,904 per year
Rate, R= 6%
Time, T= 40 years
Let's first find the amount after 40 years.
Amount = 5940 * 40 = $236,160
The interest after 40 years =
Interest = $14,169.60
The total amount I will have in my account after 40 years:
Amount + interest
= $236,160 + $14,169.60
= $250,329.60
A= (4,-4)
B= (6, -6)
c= (13,-13)
I could be wrong
Answer: The man was worse off than in 2005
Step-by-step explanation:
Assume the man's salary in 2005 was $4,500.
In 2006 therefore, his salary goes to:
= 4,500 * (1 + 10%)
= $4,950
In 2007, this drops by 10%:
= 4,950 * ( 1 - 10%)
= $4,455
<em>The man was worse off than in 2005 because the 10% reduction was based on the larger 2006 salary but the 10% increase was based on the smaller 2005 salary. </em>
Answer:
$1040
Step-by-step explanation:
if you buy an item at $1300 with 20% discount
1300 - 260 = 1040 dollars