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marishachu [46]
3 years ago
15

On the day you retire you have $1,000,000 saved. You expect to live another 25 years during which time you expect to earn 6.19%

on your savings while inflation averages 2.5% annually. Assume you want to spend the same amount each year in real terms and die on the day you spend your last dime. What real amount will you be able to spend each year? $61,334.36
Mathematics
1 answer:
serious [3.7K]3 years ago
4 0

Answer:

OUR ANSWER IS $61,334.36

Step-by-step explanation:

The real rate of return = 6.19% - 2.5% = 3.69%

We assume the annual withdrawal is P and the same will be withdrawn at the end of each year, so that the present value of the regular annuity will be $1,000,000

Total tenure = 25 Years

PV = 1 × [(1-(1 + r)⁻ⁿ] /r = P × [1 +(1.0369)⁻²⁵] /0.0369 =P× 16.147

But as per the condition, PV = $1,000,000

So P =$1000,000 /16.147 =$61,334.36

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Find the range of the function for the given domain. ​
Mice21 [21]

Answer: {5, -7, -19, -27, -35}

Step-by-step explanation:

In order solve this, we need to plug in the values of x into the table.

For spaces on the left of the equals sign, you need to write each x from the domain. You can then match that x-value with its function value by putting that on the right side.

For each equation, we are simply plugging a number from the domain into the function and replacing the x-value:

f(-1) = -4(-1) + 1 = 5\\f(2) = -4(2) + 1 = -7\\f(5) = -4(5) + 1 = -19\\f(7) = -4(7) + 1 = -27\\f(9) = -4(9) + 1 = -35

I hope this helps. If you need any extra explanation on how the functions are set up, please let me know.

5 0
1 year ago
Help me with 2, 8, and 10 plz
OverLord2011 [107]

For #2:

<span> 3x^2 + 4 – 2x^2 + 6</span>

<span><span>You need to combine your like terms:
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This will now give you:

<span>X^2 +10</span>
3 0
3 years ago
What is the missing length?
skad [1K]

Answer:

6.1

Step-by-step explanation:

The area of a trapezoid is given by

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108.6 = 1/2 ( 12+p) *12

108.6 = 6 (12+p)

Divide each side by 6

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4 0
3 years ago
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frez [133]

Answer:

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Step-by-step explanation:

since positive ten would represent going further up and negative ten going further down, the diver would be within ten feet of her current position

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3 years ago
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