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Elan Coil [88]
2 years ago
13

Diego wants to have $1,000,000 in 5 years. He plans to invest $250,000 to start and make yearly payments of $125,000 to the acco

unt. He will be receiving 3.5% interest compounded monthly on his investment. Will he reach his goal?
No
Yes
Mathematics
1 answer:
julia-pushkina [17]2 years ago
5 0

Answer:

Yes

Step-by-step explanation:

With the $875,000 from his input alone he is really close to $1,000,000 and doing simple intrest on the $250,000 is $105,000 a year is he earns 3.5% intrest a month.

So in 5 years he'll have about $1,662,500 using simple intrest but with compound it'd be more like 2mil

Hope this helps!

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<em>Additional comment</em>

A pattern will have horizontal reflection if there exists a vertical line about which the pattern can be reflected to itself. That is, there exists one (or more) vertical lines of symmetry.

Similarly, the pattern will have vertical reflection if there is a horizontal line about which the pattern can be reflected to itself. Such a line is a horizontal line of symmetry.

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\large\boxed{b=0}

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