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Hey there! I need help with a singular equation (see attached picture). Should be super duper easy for you, I just have no clue what
Hey there! I need help with a singular equation (see attached picture). Should be super duper easy for you, I just have no clue what I am missing haha.give answer in typing
Savings Expenses Family savings: $1000 Annual increase in savings: 2% Electricity bill: $100 Annual increase in cost: 10% Insurance bill: $250 Annual increase in cost: 5% Taxes: $300 Annual increase in cost: 10% If we start from TODAY (t.), I want to calculate how long it will take for the expenses to equal the savings. I know that.... $1000*(1+2%)' = $100*(1+10%)' + $250"(1+5%)' + $300*(1+10%) But how do I solve for t?! What equation should I use as my Excel formula?! Do I use logarithmsStep by Step Solution
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