Do you have to keep going or only just one more number it seems to be going by 2’s 4,6,8,10,12 but I’m a little confused since it says it’s 9th grade work
The answer is to multiply
The following formula is applicable;
A=P(1+r)^n
Where,
A = Total amount accrued after 10 years (this is the amount from which the yearly withdrawals will be made from for the 30 years after retirement)
P=Amount invested today
r= Annual compound interest for the 10 years before retirement
n= Number of years the investments will be made.
Therefore,
A= Yearly withdrawals*30 years = $25,000*30 = $750,000
r= 9% = 0.09
n= 10 years
P= A/{(1+r)^n} = 750,000/{(1+0.09)^10} = $316,808.11
Therefore, he should invest $316,808.11 today.
Answer:
True
Step-by-step explanation:
When multiplying two positives together the product is also positive
Answer:
x= 25
Step-by-step explanation:
There are 180 degrees in a triangle
100 + 55 + x = 180
155 + x = 180
Subtract 155 from 180
x = 25
