A20-year-old student wants to save $3 a day for her retirement. every day she places $3 in a drawer. at the end of each year, she invests the accumulated savings ($1,095) in a brokerage account with an expected annual return of 12%. how much money will she have when she is 65 years old? (we did this part in class)

The money she will be having when she is 65 years old is $1487261.89.

Explanation:

Annual savings = $3×365

                           = $1,095

Savings at the end of 65 years = $1,095×[(1 + 12%)^(65-20) - 1] / 12%  

                                                    = $1487261.89

Therefore, the money she will be having when she is 65 years old is $1487261.89.  

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"