Suppose at age 22 mort starts investing 200$ at the end of each month into a savings plan with an apr of 2.9% and he continues to do so through the next 43 years ( planning to retire at age 65). How much will be in his savigns plan towards retirement? How much of his balance was from the interested loans

Kindly check explanation

Step-by-step explanation:

Given the following :

Monthly Payment (PMT) = 200 at the end of each period

interest rate = 2.9% = 0.029/12 = 0.0024166

Period (n) = 43 years x 12 = 516

Using the future value(FV) of an ordinary annuity:

FV = PMT[(1 + r)^n - 1] / r

FV = 200[(1 + 0.0024166)^516 - 1] / 0.0024166

FV = 200[(1.0024166)^516 - 1] / 0.0024166

FV = 200(2.4745372) / 0.0024166

FV = 204,794.93

Amount which will be in saving plan towards retirement = $204,794.93

Interest amount :

$204,794.93 - total monthly deposits

$204,794.93 - (200 * 516)

$204,794.93 - $103,200

= $101,594.93

- 2 + 10x³ - 21x² + 19x - 4

step-by-step explanation:

each term in the second factor is multiplied by each term in the first factor

x²(- 2x² + 4x - 1) - 3x(- 2x² + 4x - 1) + 4(- 2x² + 4x - 1) ← distribute

= - 2 + 4x³ - x² + 6x³ - 12x² + 3x -8x² + 16x - 4

collect like terms

= - 2 + 10x³ - 21x² + 19x - 4 ← in standard form

answer: 2/4

step-by-step explanation: