Starting your long-term saving as early as possible (10 years earlier in the example) can allow you to end up with twice as much in savings, even though you only saved one third as much ($30,000 saved vs. $90,000 saved) use a 2% annual return instead of 10% in your calculations?

The correct answer isFalse.

Step-by-step explanation:

This statement is not correct starting your long-term saving as early as possible (10 years earlier in the example) can allow you to end up with twice as much in savings.

Let say we plan to invest/sace $ 50,000.

At 2% rate our saving after 10 years will be

Saving = 50,000 (1+0.02)^10 = $ 60,950

At 2% rate our saving after 20 years will be

Saving = 50,000 (1+0.02)^20 = $ 74,300

Even we have save for more period still we do not end up with twice as much in savings.

b: |12 – x| ≤ 0.25

step-by-step explanation:      

let x be the possible lengths in inches, of the ribbons jaime cut.

we have been given that jaime is cutting strips of ribbon for a project. he tries to cut each piece to be 12 inches long, but sometimes he cuts it too long or too short by as much as 0.25 inch.  

we can represent this information in an inequality as:

by the definition of absolute value function we will get,

upon combining our inequalities we will get,

therefore, the inequality   describes all the possible lengths (x), in inches, of the ribbons jaime cut.

step-by-step explanation: