Answer:
$595,808.11
Step-by-step explanation:
We assume the retirement account is intended to pay out $5000 per month for 25 years. The amortization formula can be used to find the required amount. The monthly payment A based on principal P with interest at annual rate r for t years satisfies the relation ...
A = P(r/12)/(1 -(1 +r/12)^(-rt))
P = A(12/r)(1 -(1 +r/12)^(-rt))
P = 5000(12/0.09)(1 -(1 +.09/12)^-300)
P = $595,808.11
The required nest egg is $595,808.11.
Answer:
y = 8
x = 17
Step-by-step explanation:
We can find the missing values using similarity ratio
15/30 = y/16 cross multiply expressions
30y = 240 divide both sides by 30
y = 8
Now do the same for x
15/30 = x/34 cross multiply expressions
30x = 510 divide both sides by 30
x = 17
Answer:
I think it is 24
Step-by-step explanation:
15÷5=3
3×8=24
Answer:
a
x
2
+
b
x
+
c
=
0
the two roots of the equation take the form
x
1
,
2
=
−
b
±
√
b
2
−
4
a
c
2
a
So, start by adding
−
5
to both sides of the equation to get
2
x
2
+
x
−
5
=
5
−
5
2
x
2
+
x
−
5
=
0
Notice that you have
a
=
2
,
b
=
1
, and
c
=
−
5
. This means that the two solutions will be
x
1
,
2
=
−
1
±
√
1
2
−
4
⋅
2
⋅
(
−
5
)
2
⋅
2
x
1
,
2
=
−
1
±
√
41
4
You can simplify this if you want to get
x
1
=
−
1
+
√
41
4
≅
1.35078
and
x
2
=
−
1
−
√
41
4
≅
−
1.85078
