Hi there
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r)^(-n))÷r]
So we need to solve for pmt (the amount of the annual withdrawals)
PMT=pv÷ [(1-(1+r)^(-n))÷r]
Pv present value 65000
R interest rate 0.055
N time 10 years
PMT=65,000÷((1−(1+0.055)^(
−10))÷(0.055))
=8,623.40....answer
Hope it helps
The probability is found from a suitable table or probability calculator.
p(z < 1.3) ≈ 0.9031995154
Answer:
B. 14 hope this helps
Step-by-step explanation:
Step-by-step explanation:
60: 180: 240
hope it helps!