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STALIN [3.7K]
3 years ago
11

Suppose you inherited $275,000 and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20

years
Business
1 answer:
Diano4ka-milaya [45]3 years ago
6 0

Answer:

$28,533.5

Explanation:

Principal value (PV) = $275,000

Time = 20 years

Rate = 8.25%

Present Value = P ((1-(1+R)^-n) / r)

275,000 = P ((1- (1 + 0.0825)^-20) /.0825)

275,000 x .0825 = P (1-(1/1.0825)^20)

22687.5 = P ((1.0825^20 - 1) / (1.0825 ^20))

22687.50 = P (4.8816 - 1 / 4.8816)

22687.5 = P (3.886 / 4.8816)

22687.5 = p(0.7951)

P = 22687.5 / 0.7951

P = $28533.5

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2 years ago
Suppose for a given consumer the marginal utility (MU) of a pizza is 100 utils and the MU of a hamburger is 80 utils, and that t
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<u>is not</u> , <u>consume more of hamburgers</u>

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The equation for consumer equilibrium for two products is given by

\frac{MU_{x} }{P_{x} } = \frac{MU_{y} }{P_{y} }

In the given case, \frac{MU_{x} }{P_{x} } = \frac{100}{15} = \frac{20}{3} = 6.666

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