WILL MARK BRAINLIEST Lorinda has started to think about saving for retirement. She reads a recommendation that says she should at least 3/10 of her income because she is over 40 yrs old.
Lorinda makes $69,000 a year. How much should she save in one year according to this recommendation?

Lorinda should save $20,700 per year.

Step-by-step explanation:

Knowns:

Savings recommendation = 3/10 or 30% of her income

Her income = $69,000/year

We can solve this by multiplying 69,000 by .3 which equals 20,700.

Lorinda should save $20,700 per year for retirement.

I hope this helps!

-TheBusinessMan

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.

answer: i literally just answered this question but they want me to do it again

step-by-step explanation: