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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We assume the annual withdrawal is P and the same will be withdrawn at the end of each year, so that the present value of the regular annuity will be $1,000,000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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−9x (5x+4 ) +10 (x+3) can someone please solve his for me thank u step by step please i really need to find out how to do it
Ivahew [28]

Answer:

-45x^{2}-26x+30

Step-by-step explanation:

So first you let's divide this equation into three parts.

Part one -9x(5x+4)

  1. Step one: you have to distribute the -9x to the numbers in the parentheses. That would leave us with a -9x*5x = -45x^{2} and -9x*4 = -36x
  2. Step two: Put the answers together. That would leave us with -45x^{2}-36x.

Part two 10(x+3)

  1. Step one: you have to distribute the 10 to the numbers in the parentheses. That would leave us with a 10*x = 10x and 10*3 = 30
  2. Step two: Put the answers together. That would leave us with 10x+30

Part three solve

  1. Step one: combine and put together what you have solved for. That would leave us with a -45x^{2}-36x+ 10x+30
  2. Step two: combine like terms. The like terms here are -36x and 10x. When you combine them you would get -26x.
  3. Step three: Write the equation in standard form. Therefore the answer is -45x^{2}-26x+30.

Let me know if anything is confusing!

5 0
2 years ago
What's 2 to the negative 6 power times 2 to the negative 10th power
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When multiplying numbers with exponents, add the exponents.

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Question 2 In the fall, a community service club sold 10 shirts and 20 hats for a total of $490. In the spring, the club sold 20
Stells [14]
To answer the question above, we let s be the cost of a shirt and h be the cost of each hat such that the equations that would best represent the given are:
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                                         20s + 30h = 860
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3 years ago
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umka2103 [35]

Answer:100000000000000000000000000000 quint zillion

Step-by-step explanation:

4 0
2 years ago
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My other number is even.its more than 500.my number is?
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The answer is sixhunderd
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