The amount needed such that when it comes time for retirement is $2,296,305. This problem solved using the future value of an annuity formula by calculating the sum of a series payment through a specific amount of time. The formula of the future value of an annuity is FV = C*(((1+i)^n - 1)/i), where FV is the future value, C is the payment for each period, n is the period of time, and i is the interest rate. The interest rate used in the calculation is 4.1%/12 and the period of time used in the calculation is 30*12 because the basis of the return is a monthly payment.
FV = $3,250*(((1+(4.1%/12)^(30*12)-1)/(4.1%/12))
Answer:
C
Step-by-step explanation:
I must be right because the slope is a positive 2 and has a y intercept
The x-intercept of a function is the value of x when y is 0. So let's set sin(x) equal to zero. When does sin(x) equal zero? Based on the unit circle, you know that sin(0) is 0, so that is one x-intercept. You also know that sin(pi) is 0. Basically, every time x, starting from zero, increases or decreases by a multiple of pi, sin(x) is still zero. The answer can be represented by x=n*pi; where n=any integer.
Can I get your number and I will help you
