<em><u>The least amount of money you would need to invest per month is; $335</u></em>
<em><u>The anticipated rate of return on your investments is; 7%</u></em>
<em><u /></em>
- Amount to have been saved at the end of 10 years ≥ $40,000
Number of years of savings = 10 years.
- We want to find out the least amount to be invested per month.
There are 12 months in a year. Number of months in 10 years = 10 × 12 = 120 months.
- Thus, amount to be saved monthly = 40000/12 = $333.33
- Since the minimum amount he wants to save after 10 years is $40000, then we need to approximate the monthly savings in order.
Thus;
Monthly savings ≈ $335
- Now, for the anticipated rate of return on the investment, we know from S & P's that the benchmark on good rate of return for investment is a minimum of 7%.
- From online calculator, the worth of the investment after 10 years based on 7% rate of return yearly would be $57626.
Read more at; brainly.com/question/9187598
2.75! Good luck hope you do good
Answer:
Yes, Fiona is correct
Step-by-step explanation:
WHen the pythagorean theorem is applied to the side lengths (2^2 + 4^2 = c^2), the result for c^2 is 20. The correct answer would be sqrt.20. But Fiona is also correct becuase sqrt of 20 can be simplified to sqrt.4 * sqrt.5; which equals 2*sqrt.5
Product means multiply, a number means any variable so 6x is the answer
