<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:
1 75/100 or 3/4
Step-by-step explanation:
if you simplify 1 75/100 its 3/4
Answer:
ok I will try solve your problem. good luck
Step-by-step explanation:
a. known: Bank balances : 3021 pesos
monthly withdrawals: 78 pesos
months of withdrawal: 12 months
b. asked: new bank balance?
c. equation: New bank balance= bank balance - ( monthly withdrawals X months of withdrawal)
d. New bank balance: 3021- (78x12)
= 3021 - 936
= 2085 pesos
e. my new bank balance is 2085 pesos.
Answer:
<h2><u>48√2</u> is the right answer.</h2>