Answer:
Step-by-step explanation:
Hi there
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r)^(-n))÷r]
So we need to solve for pmt (the amount of the annual withdrawals)
PMT=pv÷ [(1-(1+r)^(-n))÷r]
Pv present value 65000
R interest rate 0.055
N time 10 years
PMT=65,000÷((1−(1+0.055)^(
−10))÷(0.055))
=8,623.40....answer
Hope it helps
Let x = roller coaster ticket
let y = boat ride ticket
x + y = 10
4x + 3y = 37
x = 10 - y
4x + 3y = 37
4(10-y) + 3y = 37
40 - 4y + 3y = 37
-y = 37 - 40
-y = -3
y = -3/-1
y = 3
x = 10 - y
x = 10 - 3
x = 7
x = 7 ; y = 3
4x + 3y = 37
4(7) + 3(3) = 37
28 + 9 = 37
37 = 37
The absolute value makes it 9
Grab some paper, a pencil, and a ruler. Make a 6 by 6 square
