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Masteriza [31]
3 years ago
9

You have saved up $150,000 to invest for retirement. You would like to earn $200,000 in interest, and you think you will earn an

average of 6% interest in the stock market. How many years will you need to invest your money to meet your goal?
Mathematics
1 answer:
Yuri [45]3 years ago
7 0

Answer: What percentage to save for retirement?

Saving 15% of income per year (including any employer contributions) is an appropriate savings level for many people. Having one to one-and-a-half times your income saved for retirement by age 35 is an attainable target for someone who starts saving at age 25.

Step-by-step explanation: That's the answer I got it right! lol!

You might be interested in
What is the oblique asymptote of the function f(x) x^2+x-2/x+1
Mamont248 [21]
f(x)=\displaystyle\frac{x^2+x-2}{x+1}=\frac{x(x+1)-2}{x+1}=x-\frac{2}{x+1}


\displaystyle\lim_{x\to\infty}\left\{f(x)-x \right\}=\lim_{x\to\infty}\frac{2}{x+1}=\lim_{x\to\infty}\frac{\displaystyle\frac{2}{x}}{1+\displaystyle\frac{1}{x}}
=0

Consequently, t<span>he limit of f(x) as x approaches infinity is x.

In other words, f(x) approaches the line y=x, 
</span><span>
so oblique asymptote is y=x.

I'm Japanese, if you find some mistakes in my English, please let me know.</span>

3 0
3 years ago
Mark had an essay due on Friday. He worked on the essay for 1.5 hours on Thursday and 4.25 hours on Fridays. How many hours did
Vika [28.1K]

Answer:

He worked for 5.75 hours

Step-by-step explanation:

8 0
3 years ago
Jose earns 954 per hour at his job he worked 18 hours last week calculate Jose's pay before taxes​
PSYCHO15rus [73]

Answer:

$171.72

Step-by-step explanation:

$9.54 x 18

6 0
3 years ago
Checking account A charges a monthly fee of $5 and a per-check fee of $0.25, and checking account B charges a monthly fee of $6
liubo4ka [24]

Answer:

10 is the correct answer for this problem.

Step-by-step explanation: (apex)


5 0
3 years ago
Help!! hurry!! NO SPAM!!! I will mark brainliest if you answer correctly, and show your work. Identify the function that best mo
Marrrta [24]

Step-by-step explanation:

it is the second option

f(x) = 815.03×(1.38)^x

for year (x) 4 and 5 we need to get f(x) values in the multiple thousands.

the first and fourth options only add very little to 815.03. they can never reach the cost levels needed for the years 4 and 5.

the third option for e.g. x=4 only creates 815.03 × 2 = 1630.06, which is not 2955.65.

so, just to control, for x = 4 we get for the second option

815.03 × (1.38)⁴ = 815.03 × 3.62673936 = 2,955.901381

it is close enough to model the given data.

3 0
2 years ago
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