In order to have 6,000,000 in 40 years with a 5.75% rate. how much should be deposited each month?

Step-by-step explanation:

This is an Annuity question. It is asking for recurring monthly payment(PMT).  You can use a financial calculator to solve it. I am using (Texas Instruments BA II plus)

Since the payments occur monthly , adjust the interest rate to monthly rate and multiply  40 years by 12 since we have 12 months in a  year.

Total duration of investment ; N = 40*12 = 480

Interest rate; I/Y = 5.75% /12 = 0.4792%

Future value; FV = 6,000,000

Present value ; PV = 0

then CPT PMT = 3,222.912

Therefore $3,222.91  should be deposited each month to achieve the goal.

2 and 1.

step-by-step explanation:

plug in each answer. 0 doesn't work, 1 does. so does 2. 4 doesn't:

0 = 1 is not true.

2 = 2 is true.

4 = 4 is true.

8 = 16 is not true.

hope this !

u = -(6/7)w

step-by-step explanation:

place all values with 'u' on one side of the equation.

4u + 8w = - 3u + 2w

4u + 3u = 2w - 8w

further simplify the equation by solving the addition and subtraction.

7u = - 6w

make 'u' the independent variable by placing its co-efficient on the right-hand side.

u = - (6/7)w