If Lamont withdraws $2,750 monthly, he will be <u>66 years old</u> (after 134.326 months) when the money runs out.
<h3>How is the number of monthly withdrawals calculated?</h3>
We can calculate the number of monthly withdrawals using an online finance calculator.
It determines the number of periods it will take for the investment to be exhausted, given an interest rate of 3.8%.
I/Y (Interest per year) = 3.8%
PV (Present Value) = $300,500
PMT (Periodic Payment) = $-2750
FV (Future Value) = $0
<u>Results</u>:
N = 134.326 months
Years = 11 years (134.326/12)
Age at FV = $0 is 66 years (55 + 11)
Sum of all periodic payments = $-369,397.09 (134.326 x $-2,750)
Total Interest = $68,897.09
Thus, making a monthly withdrawal of $2,750 will exhaust the investment when Lamont turns <u>66</u>.
Learn more about periodic withdrawals and payments at brainly.com/question/13031679
#SPJ1
In triangle ACE,
we know C=93,E can be calulated by using arch angle AEC...what ever that is....,using this we get A=180-(E+93)
So, by alternate segment theorem, DCE= A.
thats all i can say.
Answer:
ans=(-2,2)
Step-by-step explanation:
let the end point of circle diameter (-1,5) and (3,-1) be (x1,y1) and (x2,y2) respectively
using mid point formula
(x,y)=(-1,5)/2+(-3,-1)/2 [center point is equal to mid point of diameter)
= (-1+(-3))/2+(5-1)/2
=(-2,2)
center coordinate of circle=(-2,2)
Since Maria bought 16 books, and b represents the number Dale had; you can divide 16 by 8 to get the number b of books Dale has. 16/8=2
Hope this helped!
U.v = (1*-5) + (6*-2) = -5 - 12 = -17 <------- Answer
