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olya-2409 [2.1K]
3 years ago
12

You would like to have $500,000 when you retire in 35 years. How much should you invest each quarter if

Mathematics
1 answer:
LenKa [72]3 years ago
4 0

Answer:

$201,855.65136317

Step-by-step explanation:

A= $500000 P= ? R = 2.6 N = 35*4= 140

A= P(1+R/4*100)^4n

$500000 = P(1+2.6/400)^140

$500000 = P(402.6/400)^140

$500000 = P* 2.4770175946196

500000/2.4770175946196 = P

$201,855.65136317 = P

I did it using calculator for great precision.

Thank you

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3 years ago
A) 120 is what percentage of 30
scZoUnD [109]

Answer:

a ) 400 percent

b )  n = 25

c)  n= 36

Step-by-step explanation:

Is means equals, of means multiply and percents need to be changed to decimals.

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Divide each side by 30

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Multiply by 100 to give the percentage

4 * 100

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30 = 1.2 * n

Divide each side by 1.2

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3 0
3 years ago
Read 2 more answers
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Answer:

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Step-by-step explanation:

Given that

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\Rightarrow ?=31.2-60

This is the same as the expression in option (c) 31.2-60.

Hence, option (c) is correct.

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