Answer:
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Answer:
- starting balance: $636,215.95
- total withdrawals: $1,200,000
- interest withdrawn: $563,784.05
Step-by-step explanation:
a) If we assume the annual withdrawals are at the beginning of the year, we can use the formula for an annuity due to compute the necessary savings.
The principal P that must be invested at rate r for n annual withdrawals of amount A is ...
P = A(1+r)(1 -(1 +r)^-n)/r
P = $60,000(1.08)(1 -1.08^-20)/0.08 = $636,215.95
__
b) 20 withdrawals of $60,000 each total ...
20×$60,000 = $1,200,000
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c) The excess over the amount deposited is interest:
$1,200,000 -636,215.95 = $563,784.05
Answer:
5(3p + 5q)(3p - 5q)
Step-by-step explanation:

Answer: Here we have a real life multiplication situation for which an estimate make sense:-
Miley has 212 fiction books. Sharon has 3 times fiction books has many as Miley has, how many fiction books Sharon has
Solution :- Number of fiction books Miley has = 212
Number of fiction books Sharon has= 3 times 212
We know that 212 is near to 200 , so round off 212 to 200 (to the nearest hundred)
Thus the product becomes 
Therefore, the estimated number of fiction books Sharon has=600
Answer:
Step-by-step explanation:
Slope: -3
Y intercept: 0
Equation: y=-3x+0