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kari74 [83]
3 years ago
9

Suppose you accumulated $500,000, perhaps from many years of saving. You put the money in a savings plan earning 6% compounded m

onthly. If you want to live off the interest without disturbing the $500,000 balance, what amount can you withdraw at the beginning of each month?
Mathematics
1 answer:
nata0808 [166]3 years ago
3 0
The monthly interest rate is 6%/12 = 0.5%. The interest earned each month is
0.005*$500,000 = $2500

You can withdraw $2500 each month without disturbing the principal amount.
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Please help me with this and thank you
castortr0y [4]

Answer:

the correct answer is C. 45

Step-by-step explanation:

so 1/5 means there are 5 peice to make a whole...

so if you cut an apple into 5 parts, each slice of that apple is 1/5

so if you cut 9 apples into 5 slices its just multiplication...

5*9=45

**for my visual learners** in the parenthesis are groups of 5 sticks

( ///// ) **those are your apple slices** **now just do that exactly 9 times**

( ///// ) ( ///// ) ( ///// ) ( ///// ) ( ///// ) ( ///// ) ( ///// ) ( ///// ) ( ///// )

   5       10      15       20      25       30      35      40      45

i really hope this helps <3

8 0
3 years ago
Your parents have decided to buy a new Toyota 4Runner for 25,635. According to the dealer, the car will depreciate in value appr
chubhunter [2.5K]
Let the value of the car be represented by V and the amount of years by y. 
This gives us the following formula:
V = 25,635 - 3000y
(This is because we start with a value of $25,635 and the value decreases by $3,000 every year 'y')

Now, we want to know when the car is worth $3,135, so we know V = 3,135
Now we can make up our equation:
25,365 - 3,000y = 3,135

Collecting terms gives us:
-3,000y = -22,500

Finally we divide by -3,000 to find 'y'
y = -22,500 / -3,000 = 7.5

Hence, the car will be worth $3,135 after 7.5 years.
8 0
3 years ago
Read 2 more answers
There are many examples of how teNathaniel stops at the grocery store on his way home. He buys 4 loaves of bread and a cheesecak
myrzilka [38]
Answer is b just took test
6 0
2 years ago
Help! What is the average rate of change of f(x)=x^2+3x+6 over the interval -3 less-than-or-equal-to x less-than-or-equal-to 3?
Makovka662 [10]

Answer:

The average rate of change of the function over the interval is 5.

Step-by-step explanation:

Average rate of change of a function:

The average rate of change of a function f(x) over an interval [a,b] is given by:

A = \frac{f(b)-f(a)}{b-a}

Interval -3 less-than-or-equal-to x less-than-or-equal-to 3

This means that a = -3, b = 3

f(x) = x^2 + 3x + 6

So

f(b) = f(3) = (3)^2 + 3(3) + 6 = 9 + 9 + 6 = 24

f(a) = f(-3) = (-3)^2 + 3(-3) + 6 = 9 - 9 + 6 = 6

Average rate of change

A = \frac{f(b)-f(a)}{b-a} = \frac{24+6}{3-(-3)} = \frac{30}{6} = 5

The average rate of change of the function over the interval is 5.

8 0
3 years ago
.002 centimeters=_____ mm <br> Help?
Rina8888 [55]

Answer:

0.02

Step-by-step explanation:

divide it by 10.

4 0
3 years ago
Read 2 more answers
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