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dangina [55]
3 years ago
10

Suppose that on your 21st birthday you are given a $1,000,000 trust fund. If you can earn 4% in annual compound interest, how mu

ch money can you withdraw each year to ensure that if there is money in the account forever
Engineering
1 answer:
Elodia [21]3 years ago
8 0

Answer:

annual payment  =  $40000

Explanation:

given data

annual compound interest = 4%

fund value = $1,000,000

to find out

annual payment

solution

we get here annual payment  that is express as

annual payment  = fund value × annual compound interest  ..................1

put here value we get

annual payment  =  4%  × $1,000,000

annual payment  = 0.04 × $1,000,000  

annual payment  =  $40000

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Multiple Choice
Ymorist [56]

Answer:

Sealing agent

Explanation:

Generally, when we have water leaks in almost any building or equipment, we use a sealant. However, this sealant could be of different types depending on the peculiarity of the leakage.

Thus, the correct answer is sealing agent.

5 0
3 years ago
Read 2 more answers
3. A 4-m × 5-m × 7-m room is heated by the radiator of a steam-heating system. The steam radiator transfers heat at a rate of 10
Natali [406]

Answer:

14.52 minutes

<u>OR</u>

14 minutes and 31 seconds

Explanation:

Let's first start by mentioning the specific heat of air at constant volume. We consider constant volume and NOT constant pressure because the volume of the room remains constant while pressure may vary.

Specific heat at constant volume at 27°C = 0.718 kJ/kg*K

Initial temperature of room (in kelvin) = 283.15 K

Final temperature (required) of room = 293.15 K

Mass of air in room= volume * density= (4 * 5 * 7) * (1.204 kg/m3) = 168.56kg

Heat required at constant volume: 0.718 * (change in temp) * (mass of air)

Heat required = 0.718 * (293.15 - 283.15) * (168.56) = 1,210.26 kJ

Time taken for temperature rise: heat required / (rate of heat change)

Where rate of heat change = 10000 - 5000 = 5000 kJ/hr

Time taken = 1210.26 / 5000 = 0.24205 hours

Converted to minutes = 0.24205 * 60 = 14.52 minutes

4 0
4 years ago
Learning the key concepts of each approach is essential to successful management of a project. What type of unpredictability is
Levart [38]

Answer:

lemme write it down

Explanation:

hold down okay

3 0
3 years ago
Consider steady, incompressible, laminar flow of a Newtonian fluid in an infinitely long round pipe annulus of inner radius Ri a
svetlana [45]

Answer:

is it multiple choice?

Explanation:

8 0
3 years ago
Ann’s Retail, a women’s clothing store, hires female attendants to assist clients in the store’s dressing rooms. Larry, a male,
mojhsa [17]

Answer:

A bona fide occupational qualification defense

Explanation:

Since the store is for women clothing, the retail may prefer to employ only female to assist the customers.  Under a bona fide occupational qualification defense, an employer is allowed to discriminate if a characteristic is a necessity for the performance of the job and for the business. Therefore, the store has a bona fide occupational qualification defense.

3 0
3 years ago
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