7. You begin investing 100.00 per month at age 25 and leave it in until age 65. How much principal have you invested? If your annual rate of return is 5%, what is the value of your investment after 40 years?

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Ответ:

jameskatzfeystu70

08.07.2021

Mathematics

–18

Step-by-step explanation:

let the number is , from the problem we know that

$2x+32=\frac{2}{9}x\\9x+144=x\\x=-\frac{144}{8}=-18$

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7. You begin investing 100.00 per month at age 25 and leave it in until age 65. How much principal have you invested? If your annual rate of return is 5%, what is the value of your investment after 40 years?​