Jim wants to retire in 10 years what amount should he invest today so he can withdraw $25000 at the end of each year for 30 year
1 answer:
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Answer:
Step-by-step explanation:
By using regression line calculator,
Equation of the line of best fit,
c). y = 0.74x + 0.03
Here, x = Number of pints
y = Weight in pounds
d). We have to find the weight of 10 pints of the blueberries,
By substituting x = 10 in the equation,
y = 0.74(10) + 0.03
y = 7.4 + 0.03
y = 7.43 pounds
e). If per pound cost of the blueberries = $2.25
By substituting y = 2.25 in the equation,
2.25 = 0.74x + 0.03
x =
x = $3.00 per pound
Therefore, cost of 10 pounds blueberries = 3 × 10
= $30