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:
1
Step-by-step explanation:
I had brainliest but some kid reported me soooooo
Answer:
Add 4 to each side
Step-by-step explanation:
Answer:
The proportion is 3/4=9/12
Step-by-step explanation: For proportions you need to write it in a ratio, after doing that, you look at the outside numbers on the ratio on this case it is 3 and 12, multiply that and you get 36, after that do the same with the inside numbers to get another 36.
Answer:
Use the formula of areal*b*h
