The function, gives the amount of annual income a retiree can expect to receive in 30 years, assuming a return on the investment of percent per year.
(Caution: is not to be converted to decimals in this problem. For example, to compute the retirement income for 3.5%, you would compute not .)
A) Find the marginal change of at percent.
Answer: dollars per percent of return.
(Round to 2 decimal places if necessary.)
B) Find the percentage, when the marginal change of is dollars per percent of return.
Answer: percent
(Round to 1 decimal place if necessary.)
(Caution: is not to be converted to decimals in this problem. For example, to compute the retirement income for 3.5%, you would compute not .)
A) Find the marginal change of at percent.
Answer: dollars per percent of return.
(Round to 2 decimal places if necessary.)
B) Find the percentage, when the marginal change of is dollars per percent of return.
Answer: percent
(Round to 1 decimal place if necessary.)