The following formula is applicable;
A=P(1+r)^n
Where,
A = Total amount accrued after 10 years (this is the amount from which the yearly withdrawals will be made from for the 30 years after retirement)
P=Amount invested today
r= Annual compound interest for the 10 years before retirement
n= Number of years the investments will be made.
Therefore,
A= Yearly withdrawals*30 years = $25,000*30 = $750,000
r= 9% = 0.09
n= 10 years
P= A/{(1+r)^n} = 750,000/{(1+0.09)^10} = $316,808.11
Therefore, he should invest $316,808.11 today.
The answer is y=-2/3x+3 :)
Answer:
Part A: 140
Step-by-step explanation:
Line ACE is a straight line meaning it equals 18 degrees. To find out what Angle CEF is you have to subtract 40 from 180. That gives you 140 degrees.
Hope its helpful!
The answer is -7/5 which is answer d
