Answer:
n = -12
Step-by-step explanation:
plug -12 in for n and its -2 x -12 which equals 24
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:
16/24
Step-by-step explanation:
9/12–> simplify to 3/4
3/4=15/20
24/32=3/4
6/8=3/4
16/24 is not equal
On a standard die the probability would be 2/6
It is---------- linear--------------
