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: D.
Step-by-step explanation: If you look closely, putting a 100 wouldn't make sense
Divide the numerator and denominator by their gcf (25)
75/25= 3
100/25= 4
Final answer: 3/4
The solution to the problem is as follows:
If you use Ln you can get rid of e.
ln(e^0.4x) = ln(0.4)
0.4x = ln(0.4)
x = (ln(0.4))/0.4
<span>x = -2.29
</span>
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Answer: a
Step-by-step explanation: look at the chart
