The following formula is applicable;
A=P(1+r)^n
Where,
A = Total amount accrued after 10 years (this is the amount from which the yearly withdrawals will be made from for the 30 years after retirement)
P=Amount invested today
r= Annual compound interest for the 10 years before retirement
n= Number of years the investments will be made.
Therefore,
A= Yearly withdrawals*30 years = $25,000*30 = $750,000
r= 9% = 0.09
n= 10 years
P= A/{(1+r)^n} = 750,000/{(1+0.09)^10} = $316,808.11
Therefore, he should invest $316,808.11 today.
Mathematics is math, geometry, algebra, calculus
Hey there!
6 + 34 = 40
so x = 6
Hope this helps
Have a great day (:
Answer:
-127
Step-by-step explanation:
s = 101x-41+50
80 = 101x - 4+ 50
-101x
-181 = x - 4 +50
-181 = x -54
+ 54
-127 = x
I hope this helps
Answer:
The equations which represents the situation are
1) 2Y+X=5
2) 5X-Y=3
Step-by-step explanation:
<em>~Cornasha_Weeb</em>
