Answer:
$595,808.11
Step-by-step explanation:
We assume the retirement account is intended to pay out $5000 per month for 25 years. The amortization formula can be used to find the required amount. The monthly payment A based on principal P with interest at annual rate r for t years satisfies the relation ...
A = P(r/12)/(1 -(1 +r/12)^(-rt))
P = A(12/r)(1 -(1 +r/12)^(-rt))
P = 5000(12/0.09)(1 -(1 +.09/12)^-300)
P = $595,808.11
The required nest egg is $595,808.11.
Answer:
there are eight lateral faces in prism
Well first you have to figure out what 25* 16 is, 400 and then you have to find what mulitplies to get 400 and adds up to get 40 and when you find the answer to that then you just GCF it.
The solutions are the points where the graph intersects the x axis!
