Answer:
$4,515.14
Step-by-step explanation:
First we need to get the amount after 25 years on $400,000 at 5% interest
Using the compound interest formula
A = P(1+r)^n
A = 400,000(1+0.05)^25
A = 400,000(1.05)^25
A = 400,000(3.3864)
A = $1,354,541.98
Since 25years = (25*12)months
25 years = 300months
Amount to be able to pull out each month = $1,354,541.98/300
Amount to be able to pull out each month = $4,515.14
Hence you will be able to pull out $4,515.14 each month
Answer:
400
Step-by-step explanation:
1189 becomes 1000
597 becomes 600
therefore 1000-600= 400
I am not sure so please let me know
.8 it represents .80 cents. rather than .08 which would represent 8 pennies
It’s 70% because I just know
