It is 5389.030 to nearest hundredth
Answer:
200
Step-by-step explanation:
T = x * (1/H)
x = T*H
x = 2800
so for H = 14
T = 2800 * (1/14) = 200
PV = P(1 - (1 + r)^-n) / r; where P is the periodic withdrawal = $100,000; r = rate = 5% = 0.05; n = number of periods = 20 years.
PV = 100000(1 - (1 + 0.05)^-20) / 0.05 = 100000(1 - 1.05^-20) / 0.05 = 100000(1 - 0.3769) / 0.05 = 100000(0.6231) / 0.05 = 100000(12.4622) = 1,246,221 ≈ $1,250,000
For every one French student there are 48 non French students
