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.
Answer:
0
Assuming it’s a normal dice, the highest number is 6.
You cannot get the number 7 since it doesn’t exist on the dice.
Answer: x * y = 1
Explanation: The only thing that changes between the examples are the first two numbers; the final answer is always 1. This would mean that the first number (x) multiplied by your second number (y) will always answer or equal 1.
Answer: 6/121
Step-by-step explanation:
P(not blue)= P(red) × P(green)
=6/11 × 1/11
6/121
Answer:
The numbers are 14 and 10
Step-by-step explanation:
Let the numbers be

This implies that,


The sum of the numbers is 24.

Put equation (1) in (2)




