<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
Answer:
Yes
Step-by-step explanation:
Linear means a line, and x is not squared or anything in this equation. If you were to graph it, it would be a line.
Well lets start by getting y. We already know that all angles of a triangle will equal 180 degrees.
Therefore we know that 65 + 65 + y = 180. To solve for y we just add the two 65's then subtract that from 180
y = 180-130 = 50 Therefore y = 50
Now lets solve for x. We know that since angle B is flat it is equal to 180. The unknown value of angle B = 180 - 65
Therefore that unknown value = 115
As we previously stated all angles of a triangle equal 180. We can now come up with this equation: 115 + x + x = 180
2x = 65
x = 32.5
<span>Hope this helps! If you have anymore questions just ask!</span>
Answer:
0.98046
Step-by-step explanation:
Given:
Here we are required to find
P(5.48 <X<5.82) and between 5.48 and 5.82 we each z-score given by
<em>z = (x - μ) / σ</em>
So 5.48 we have z = -2.714 and 5.82 we have z = 2.143
Therefore we have the area of interest on the normal distribution chart given by
:
P( -2,714 < z < 2.143)
= 1 - P(Z<-2.714) + P(Z > 2.143)
= 1 - P(Z<-2.714) + (1 - P(Z < 2.143))
= 1 - 0.00336 + 1 - 0.98382
= 1 - 0.01954 = 0.98046
(Interchange the x and y-values)
(Solve for y)
