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swat32
3 years ago
7

At age 25, you decide to start your retirement account, and put $700 at the end of each quarter into an account paying 7.25% com

pounded quarterly. At age 54, you stop making payments into the account. Account continues to pay 7.25% compounded quarterly.
A) You decide to retire at age 67. Amount you have in your account at age 54 and 67?
B) If you’re living off this account once you retire, making monthly withdraws, for another 16 years, how much can you withdraw each month, assuming the account continues under the same compounding terms, 7.25% compounded quarterly? Amount you could withdraw quarterly? Amount you will be able to withdraw monthly?
Mathematics
1 answer:
Veronika [31]3 years ago
3 0

Answer:

44.5 is the best

Step-by-step explanation:

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In the diagram of Triangle ABC: DR Il AC, DB=6, AD=2, and DE=9.Find AC
katen-ka-za [31]
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3 0
3 years ago
The owner of a grocery store wants to mix two kinds of candy together to make 15 lb that he can sell for $5.00 per lb. He wants
jeyben [28]

Answer:

9lb chocolate candies

6lb sugar candies

Step-by-step explanation:

Yes, I also happen to go to RSM. (6b)

Equation: 7x+2(15-x)=5*15

Solve:

7x+(2)(15)+(2)(−x)=(5)(15)

7x+30+(−2x)=75

(7x+(−2x))+(30)=75

5x+30=75

5x=45

x=9lb chocolate candies

Now, calculate the sugar candies.

15-9=6lb sugar candies

6 0
3 years ago
Read 2 more answers
Round 8.984 to nearest hundredths, tenths, ones and tens
Marta_Voda [28]
Hundredths: 8.98
Tenths: 9 whole
ones: 9 whole
tens: there is none
4 0
3 years ago
Read 2 more answers
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