Maria has decided to invest to help with her retirement savings. How much would she have to invest to have $113,400 after 20 yea
rs, assuming an interest rate of 3.57% compounded annually?
Do not round any intermediate computations, and round your final answer to the nearest dollar.
Do not round any intermediate computations, and round your final answer to the nearest dollar.
1 answer:
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Answer:
a =
x =
Step-by-step explanation:
Let's solve for a.
8x−5x+4−x=ax+8
Step 1: Flip the equation.
ax+8=2x+4
Step 2: Add -8 to both sides.
ax+8+−8=2x+4+−8
ax=2x−4
Step 3: Divide both sides by x.
Let's solve for x.
8x−5x+4−x=ax+8
Step 1: Add -ax to both sides.
2x+4+−ax=ax+8+−ax
−ax+2x+4=8
Step 2: Add -4 to both sides.
−ax+2x+4+−4=8+−4
−ax+2x=4
Step 3: Factor out variable x.
x(−a+2)=4
Step 4: Divide both sides by -a+2.
Hope this helps!
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