Answer:
- starting balance: $636,215.95
- total withdrawals: $1,200,000
- interest withdrawn: $563,784.05
Step-by-step explanation:
a) If we assume the annual withdrawals are at the beginning of the year, we can use the formula for an annuity due to compute the necessary savings.
The principal P that must be invested at rate r for n annual withdrawals of amount A is ...
P = A(1+r)(1 -(1 +r)^-n)/r
P = $60,000(1.08)(1 -1.08^-20)/0.08 = $636,215.95
__
b) 20 withdrawals of $60,000 each total ...
20×$60,000 = $1,200,000
__
c) The excess over the amount deposited is interest:
$1,200,000 -636,215.95 = $563,784.05
It would be .5x-5= because it says 5 less so it would be subtract 5 from half of x.
Answer:
y = -|x - 2| + 4
Step-by-step explanation:
The parent function of the absolute value function is y = |x|. There is a negative reflection in the x-axis, a horizontal translation of 2 units right, and a vertical translation of 4 units up.
Answer:
12 feet
Step-by-step explanation:
Since you place the ladder on TOP of the building, the bottom of the ladder would be at the top of the building, and the building is 12 feet high
