Answer:
about 11.11%, or 4/36
Step-by-step explanation:
Answer:
c = 72
Step-by-step explanation:
multiply both sides of the equation by 8 to eliminate the fraction
c = 8 × 9 = 72
note that
= 9
9514 1404 393
Answer:
$4127
Step-by-step explanation:
The amortization formula is good for finding this value.
A = P(r/12)/(1 -(1 +r/12)^(-12t))
where P is the amount invested at rate r for t years.
A = $600,000(0.055/12)/(1 -(1 +0.055/12)^(-12·20)) = $4127.32
You will be able to withdraw $4127 monthly for 20 years.
Answer:
Step-by-step explanation:
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