Answer:
$4,515.14
Step-by-step explanation:
First we need to get the amount after 25 years on $400,000 at 5% interest
Using the compound interest formula
A = P(1+r)^n
A = 400,000(1+0.05)^25
A = 400,000(1.05)^25
A = 400,000(3.3864)
A = $1,354,541.98
Since 25years = (25*12)months
25 years = 300months
Amount to be able to pull out each month = $1,354,541.98/300
Amount to be able to pull out each month = $4,515.14
Hence you will be able to pull out $4,515.14 each month
Answer:
7 three-course meals
Step-by-step explanation:
7 x 15= 105
141-105= 36
36/12= 3
7+3= 10
So total, there are 10 meals; 7 three-course and 3 two-course
Cory gains 3 cars a year and Roger 1.
Cory - 18 (6 x 3) : Roger - 6 (6 x 1)
I Cory was to stop receiving cars for 3 years, while Roger kept getting them for 3 then they would have the same amount.
The answer is 1/9 because if you add them all up it’s 9
Answer:
slope is -3 or, so false
Step-by-step explanation: