Answer:
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$535,528.03
Since the semiannual withdrawals will be made for 35 years, the annuity will have two payments per year.
You may use a financial calculator to calculate the balance that will match the present value of your annuity distributions when you retire. The following are the inputs:
N = 35*2 = 70 semi-annual withdrawals total time
I/Y = 4.5 percent /2 = 2.25 percent semi-annual interest rate
FV = 0 (future value) (use 0 in annuity if not given)
PMT = 15,265; semi-annual payment
Enter the functions to find PV: CPT PV = 535,528.026
As a result, the person will need $535,528.03 in cash.
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I hope this helps you
x=3
f (x)= x+1
f (3)= 3+1=4
The answerr is 12 square units
Answer:
Step-by-step explanation:
This is an incomplete problem. Other data were not given.
Given:
Profit of every sandwich = $2
Profit of every wrap = $3
x = sandwich
y = wrap
Last month: 2x + 3y = 1,470
Next month: 2x + 3y = 1,593
Based on the given equation:
Both still have the same profit. $2 for sandwiches and $3 for wraps.
The only reason why there is a difference in the total amount is the change in the number of sandwich or wrap sold in a given month.
Since, next month's total sale is higher than last month's total sale, it is safe to assume that the sale of sandwich or wrap is higher than last month's sale.
Don’t trip just use the distributive property. -5(3x-2)= -50 which would end up being -15x -7 = -50; then add 7 to both -7 which then they will cancel out and add 7 to -50 which equal -43 so x = -43