6 divided by 2 and 1 forths is going to be 8 out of 3
Answer:
(879,120)÷(56709072) ×(-659340)=-10221.274
Step-by-step explanation:
we use bedmas rules when it comes to long solving questions.
Answer: 3:45PM
Step-by-step explanation: 245 / 35 = 7. 7 hours after 8:45AM is 3:45PM.
The following formula is applicable;
A=P(1+r)^n
Where,
A = Total amount accrued after 10 years (this is the amount from which the yearly withdrawals will be made from for the 30 years after retirement)
P=Amount invested today
r= Annual compound interest for the 10 years before retirement
n= Number of years the investments will be made.
Therefore,
A= Yearly withdrawals*30 years = $25,000*30 = $750,000
r= 9% = 0.09
n= 10 years
P= A/{(1+r)^n} = 750,000/{(1+0.09)^10} = $316,808.11
Therefore, he should invest $316,808.11 today.
Options 1 and 3 are the correct answers
