Answer:
OUR ANSWER IS $61,334.36
Step-by-step explanation:
The real rate of return = 6.19% - 2.5% = 3.69%
We assume the annual withdrawal is P and the same will be withdrawn at the end of each year, so that the present value of the regular annuity will be $1,000,000
Total tenure = 25 Years
PV = 1 × [(1-(1 + r)⁻ⁿ] /r = P × [1 +(1.0369)⁻²⁵] /0.0369 =P× 16.147
But as per the condition, PV = $1,000,000
So P =$1000,000 /16.147 =$61,334.36
The adult tickets cost $3
so x = 3
and the children’s tickets cost $2
so y = 2
Answer:
30.12-215
Step-by-step explanation:
Answer: The answer is 6.
Step-by-step explanation:
Your answer is C. C=7.50n+ 570
