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Advanced Math/maths question please?
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Question
can you work something out
what initial investment do I need to make to get an annual return of £1,260,000 or monthly £105,000
assume rate of return is 6%
inflation 3%
Simon~
Might I assume that you mean the interest rate is 6% and that the inflation rate is 3%? so the actual rate of return is 6%-3% = 3%? Under that set of circumstances let x = initial investment
so that .03x = £1,260,000. solve for x we get that the initial investment needs to be £42,000,000.
Math Prof
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Advanced Math
Answers by Expert:
Sherry Wallin
Expertise
I can answer most questions up through Calculus and some in Number Theory and Abstract Algebra.
Experience
I have had my Bachelor's Degree since 1987 and have been a teacher since 1988. I earned my Masters Degree in Mathematics May 2010. I have been teaching at the same community college since 2002.
Education/Credentials
I have taught 12 years at the community college level, medical college, and technical college as well as a high school instructor and alternative education instructor and charter school instructor.
Awards and Honors
Master's GPA 3.56
Bachelor's GPA 3.34
Post grad work not degree related GPA 4.0
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