Answer:
(x+12)(x-15)
Step-by-step explanation:
Answer:
(3,-3) or x = 3
Step-by-step explanation:
I solved this problem with the help of graphing, you would start by sketching each equation. The x-value of the point where both equations intersect would be solution to your equations.
Based on the number of years that Peter and Blair have till retirement, the total amount that they need to save to completely fund their income shortfall is $65,545.72.
<h3>What amount do Peter and Blair need to save?</h3>
First, find the income shortfall:
= 75,017 - 54,000
= $21,017
The amount they need to save to cover this shortfall is the future value of this amount at retirement. The rate will be the real rate which is:
= 6% - 2% inflation
= 4%
The future value is:
= Income shortfall x future value interest factor, 4%, 29 years
= 21,017 x 3.1187
= $65,545.72
Find out more on future value at brainly.com/question/24703884
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