You will need to deposit $ 10,957 each year until retirement to achieve your retirement goals.
<h3>What is compound interest, and how does it work?</h3>
Compound interest is computed on a loan or deposit based on the starting principle and the preceding period's accrued interest.
Principal(P)=$40,000
(Time period)T=25+15 = 40 year
R=8%
The final balance is $273,938.99 and the total compound interest is $233,938.99.
The amount he has to deposit each year is found as;
⇒$273,938.99/25
⇒ $ 10,957
Hence. you will need to deposit $ 10,957 each year until retirement to achieve your retirement goals.
To learn more about compound interest, refer to brainly.com/question/14295570
#SPJ1
Answer:
5.9
Step-by-step explanation:
Answer: 46 degrees
Step-by-step explanation: First you need to find the value of the vertical angle which is 180-(85+53) which is 42 degrees. Since vertical angles are congruent, you can say that 180-(42+92) is equal to x. When you solve it, you get x=46 which is your answer
Answer:
5/3 so 1 2/3
Step-by-step explanation:
6 2/3 is the same as 20/3 (6 sets of 3 (18) + 2)
20 / 4 is 5 so 5/3 time is spent on research which in a mixed number is
1 2/3
Answer:
do u have pics?
Step-by-step explanation:
