The answer is cool boy chicken head
Answer:
$2,988,908.60
Step-by-step explanation:
Since the payments are made at the end of the year, it is an Ordinary Annuity.
The future value of an ordinary annuity with deposits P made regularly k times each year for n years, with interest compounded k times per year at an annual rate r, is given as:
In the given case,
- The Yearly Investment, P =$8,750
The stock market's average return is 11% per year. Period, k=1, r=11%, Therefore:
- i=11%=0.11
- n=60-25=35 years
Therefore, the Future Value at 60 years of age
At retirement, I would have $2,988,908.60
Answer: -0.25 m is 4 m higher than -16 m
By multiplication of fractions, we will see that runner B needed 7/20 of a minute.
<h3>Writing the equation</h3>
So we know that runner A finishes the race in 5/12 of a minute.
We also know that runner B was faster, he ran the same distance in a 21/25 of the time that took A.
To get the time that runner B needed, we just need to multiply these two fractions, so the equation we need to solve is just:
Where to simplificate it I just divided both the numerator and denominator by 5 and then by 3, to get the fraction 7/20, that is in the simplest form.
So we can conclude that runner B completed the race in 7/20 of a minute.
If you want to learn more about the multiplication of fractions, you can read:
brainly.com/question/3612844