Answer:
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$535,528.03
Since the semiannual withdrawals will be made for 35 years, the annuity will have two payments per year.
You may use a financial calculator to calculate the balance that will match the present value of your annuity distributions when you retire. The following are the inputs:
N = 35*2 = 70 semi-annual withdrawals total time
I/Y = 4.5 percent /2 = 2.25 percent semi-annual interest rate
FV = 0 (future value) (use 0 in annuity if not given)
PMT = 15,265; semi-annual payment
Enter the functions to find PV: CPT PV = 535,528.026
As a result, the person will need $535,528.03 in cash.
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The value of x is 9.(................)
Answer:
1. The missing value is 9
2. The missing value is 81
Step-by-step explanation:
1. To find the missing value of a perfect square you divide the center term (-6 as is -6x) by two to get 3 then square the three to get 9
To check this write it as the simplified form (x-3)^2 and multiply it out again using foil. x times x is x^2, -3 times x is -3x ( this happens twice adding up to the -6x), and -3 times -3 is 9 making it x^2 -6x +9
2. Follow the steps for the previous problem to get the same answer for this one. Divide 18 (middle term) by 2 making 9. Then square the 9 making 81.