9514 1404 393
Answer:
$4127
Step-by-step explanation:
The amortization formula is good for finding this value.
A = P(r/12)/(1 -(1 +r/12)^(-12t))
where P is the amount invested at rate r for t years.
A = $600,000(0.055/12)/(1 -(1 +0.055/12)^(-12·20)) = $4127.32
You will be able to withdraw $4127 monthly for 20 years.
Answer:
63.4
Step-by-step explanation:
The answer is A. (3,-1/2)
Answer:
y = 2/3x + 3
Step-by-step explanation:
y - 5 = 2/3(x - 3)
y - 5 = 2/3x - 2
y = 2/3x - 2 + 5
y = 2/3x + 3
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