Answer:
2/5
Step-by-step explanation:
The lines are parallel, so they have the same slope.
The red lines has a slope of 2/5
The green line has a slope of 2/5
Answer:
Annual withdraw= $57,583.68
Step-by-step explanation:
Giving the following information:
Present Value (PV)= $555,000
Interest rate (i)= 0.0825
Number of periods (n)= 20
<u>To calculate the annual withdrawals, we need to use the following formula:</u>
Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]
Annual withdraw= (555,000*0.0825) / [1 - (1.0825^-20)]
Annual withdraw= $57,583.68
Answer:
$960
Step-by-step explanation:
You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.

<em>I = interest amount
</em>
<em>P = principal amount
</em>
<em>r = interest rate (decimal form)
</em>
<em>t = time
</em>
The first step is to change 3% into a decimal:
3% ->
-> 0.03
Now, lets plug in the values into the equation:


Jameson will be charged $960 of interest after 4 years.
Answer:
1.7 or 1 7/10
Step-by-step explanation: