The answer is
A. 3x - y= -7
Answer:
srry im at school
Step-by-step explanation:
Answer:
$2,988,908.60
Step-by-step explanation:
Since the payments are made at the end of the year, it is an Ordinary Annuity.
The future value of an ordinary annuity with deposits P made regularly k times each year for n years, with interest compounded k times per year at an annual rate r, is given as:
In the given case,
- The Yearly Investment, P =$8,750
The stock market's average return is 11% per year. Period, k=1, r=11%, Therefore:
- i=11%=0.11
- n=60-25=35 years
Therefore, the Future Value at 60 years of age
At retirement, I would have $2,988,908.60