Hi there
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r)^(-n))÷r]
So we need to solve for pmt (the amount of the annual withdrawals)
PMT=pv÷ [(1-(1+r)^(-n))÷r]
Pv present value 65000
R interest rate 0.055
N time 10 years
PMT=65,000÷((1−(1+0.055)^(
−10))÷(0.055))
=8,623.40....answer
Hope it helps
Answer:
t=y÷x+3
Step-by-step explanation:
you have to isolate t
(I may have put the equation in the wrong order but I'm like 70% sure i got it)
<h2>
Answer with explanation:</h2>
The formula to calculate the compound amount is given by :-
, where P is the Principal amount invested , r is the rate of interest ( in decimal ), and t is the time period ( in years).
As per given , we have
P= $500 , r= 6%=0.06
Then the formula to find the compound amount after t years :
(Put values of P and r in the formula)
For t=1
Jack will have $530 after 1 year.
For t=2
Jack will have $561.8 after 2 years.
For t=5
Jack will have $669.11 after 5 years.
For t=10
Jack will have $895.42 after 10 years.
Answer:
11/23 or 0.478
Step-by-step explanation:
1. Find the probability of selecting 2 red chips:
11/23 * 10/22 = 5/23
2. Find the probability of selecting 2 blue chips:
12/23 * 11/22 = 6/23
3. Add the two probabilities:
5/23 + 6/23 = 11/23 = 0.478 (rounded to 3 decimal places)
hope this helps! <3