Answer:
Monthly pay= 5344.67
Explanation:
Giving the following information:
To live comfortably, you decide you will need to save $ 1million by the time you are 65.
Today is your 29th birthday, and you decide to put the same amount into a savings account. If the interest rate is 8%.
How much must you set aside each year?
n= 36
i= 0.08
FV= 1,000,000
We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
We need to isolate A (monthly pay):
<u>A= (FV*i)/[(1+i)^n-1]</u>
A= (1000000*0.08)/(1.08^36-1)
A= 80000/14.96817184
A= 5344.67
Answer:
budget software
spreadsheet
Mint©
Mvelopes®
Explanation:
The spreadsheet is also the same as Excel. It used to organize and analyze expenses and identify how your expenses can be reduced
Mint© is an online expensive tracking device, that can be used to track credit score and manage expenses.
Budget software is budgeting and expensive tracking device. It can be used to track credits cards and bank account
Mvelopes® is an online expensive tracking device that is used in taking care of the budget.
I donno
i have wasted 130 dollars at fortnite and i am brome
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