1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.
You might be interested in
Please solve this ASAP for 30 points
e-lub [12.9K]

Answer:

welpp

Step-by-step explanation:

3 0
3 years ago
One month Ravi rented4 movies and8video games for a total of $57 The next month he rented2 movies and3 video games for a total o
e-lub [12.9K]

SOLUTION

Given the question in the question tab, the following are the solution steps to get the rental cost for each movie and each video game.

Step 1: Write the representation for the two rentals

Let m represents movies

Let v represent video games

Step 2: Write the statements in form of a mathematical equation

\begin{gathered} \text{Month 1: }4m+8v=57 \\ \text{Month 2: }2m+3v=23 \end{gathered}

Step 3: Solve the equations above simultaneously using elimination method to get the values of m and v

\begin{gathered} 4m+8v=57----(1) \\ 2m+3v=23----(2) \\ \text{ multiply equation 1 by 2 and equation 2 by }4 \\ 8m+16v=114----(3) \\ 8m+12v=92----(4) \\ \text{subtract equation (4) from equation (3)} \\ 4v=22 \\ v=\frac{22}{4}=5.5 \\ \text{Substitute 5.5 for v in equation 1 to get the value of m} \\ 4m+8v=57 \\ 4m+8(5.5)=57 \\ 4m+44=57 \\ 4m=57-44=13 \\ m=\frac{13}{4}=3.25 \\ m=\text{\$}3.25,v=\text{\$}5.50 \end{gathered}

Rental cost for each movies is $3.25

Rental cost for each video games $5.50

8 0
1 year ago
Given the quadratic relation y = -x2 + 6x - 6, a) write the equation in vertex form b) graph the quadratic relation (using noteb
Mekhanik [1.2K]
<h3>Answer:</h3>
  • y = -(x -3)² +3 . . . . (agrees with your answer)
  • see the attachment for a graph
<h3>Step-by-step explanation:</h3>

Factoring the leading -1 from the first two terms, we have ...

... y = -(x² -6x) -6

Adding 9 inside parentheses to complete the square, then adding the opposite amount outside parentheses, we have ...

... y = -(x² -6x +9) -6 +9

... y = -(x -3)² +3

8 0
3 years ago
At a hardware store, a tool set normally costs $80. During a sale this week, the tool set costs $12 less than usual. What percen
Sav [38]

Answer:

Answer is 15%

You have to do a proportion

12. = x

80 100 and u have to cross multiply

80x = 1200

80. 80

then divide 1200÷80=15

Step-by-step explanation:

5 0
3 years ago
PERSEVERE Find the values of x and y,
Vlad [161]

y² = 8y - 15 (alternate angles are equal)

y² - 8y + 15 = 0

(y - 5)(y - 3) = 0

y = 5 or 3

x + 8y - 15 = 180 (angles in a straight line add up to 180)

when y = 5

x + 40 - 15 = 180

x = 155°

when y = 3

x + 24 - 15 = 180

x = 171°

8 0
3 years ago
Other questions:
  • makela plants 3/4 of her herb garden with basil and 1/4 with sage. explain why the fraction strips show that the whole garden is
    9·2 answers
  • Solve the following system by any method. –8x – 8y = 0 –8x + 2y = –20
    12·1 answer
  • What is the value of x in the figure?<br> A 42<br> B 48<br> C 132<br> D 138
    14·1 answer
  • X^=1/4 please help me pls
    8·1 answer
  • The dot plots show the ages of players on two soccer teams. Which statements are true? Check all that app The Lions have more va
    8·2 answers
  • Is t=15d proportional
    15·2 answers
  • Product of (x+y+2)(y+1)
    11·1 answer
  • cash apping whoever comments the right answer! Put 1 and 2 when you answer the question . and put your cash app name .
    11·2 answers
  • Ella has bought 36 pounds of dog food. She fed her dog 3/4 pounds for each meal for how many meals will the food last wait your
    10·1 answer
  • Which strategy would most help minimize the risk of being underinsured
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!