<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>
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- 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
Y=6
i hope you understand
Answer:
$5,608
Step-by-step explanation:
Since there are 12 months in one year, divide her annual salary by 12.
$67,300/12 = $5,608.33 ≈ $5,608
Josie makes $5,608 per month.
Answer:
x=4
Step-by-step explanation:
if you do you'll get that is 64.
everyone will get 2 burgers i got this answer by multiplying 8 and 6 and then i divided it by 24 and i got 2
hope it helps