The amount needed such that when it comes time for retirement is $2,296,305. This problem solved using the future value of an annuity formula by calculating the sum of a series payment through a specific amount of time. The formula of the future value of an annuity is FV = C*(((1+i)^n - 1)/i), where FV is the future value, C is the payment for each period, n is the period of time, and i is the interest rate. The interest rate used in the calculation is 4.1%/12 and the period of time used in the calculation is 30*12 because the basis of the return is a monthly payment.
FV = $3,250*(((1+(4.1%/12)^(30*12)-1)/(4.1%/12))
Answer:
y - 4 = -2/3 (x + 1)
Step-by-step explanation:
y2 - y1 / x2 - x1 -2 - 4 / 8 - (-1) -6/9 = -2/3
y - 4 = -2/3 (x + 1)
D. (x-14)(x+14)
a negative and a positive multiplied makes a negative outcome so -14•+14=-196. x•x is = to x^2
Answer:
T1 =3, S1 = 3
Step-by-step explanation:
i)T1 =3, S1 = 3
ii) S1 = T1
Hope it helps you in your learning process.
