SOLUTION: When Anna's grandfather retired, he received Social Security payments of $1258 per month. Each year Social Security makes a cost of living adjustment due to inflation.
(a) If th
Algebra ->
Finite-and-infinite-sets
-> SOLUTION: When Anna's grandfather retired, he received Social Security payments of $1258 per month. Each year Social Security makes a cost of living adjustment due to inflation.
(a) If th
Log On
Question 1131815: When Anna's grandfather retired, he received Social Security payments of $1258 per month. Each year Social Security makes a cost of living adjustment due to inflation.
(a) If the adjustments average 1.9% each year, find the grandfather's monthly Social Security payments (to the nearest dollar) in 3 years.
$
(b) If the adjustments average 1.9% each year, find the grandfather's monthly Social Security payments (to the nearest dollar) in 15 years.
$
You can put this solution on YOUR website! 1258(1+0.019)^3 = (a)
1258(1+0.019)^15 = (b)
solve parenthesis, solve power, multiply times 1258 to get your answers. Use your calculator
