Answer- 30
Step-by-step explanation:
The following formula is applicable;
A=P(1+r)^n
Where,
A = Total amount accrued after 10 years (this is the amount from which the yearly withdrawals will be made from for the 30 years after retirement)
P=Amount invested today
r= Annual compound interest for the 10 years before retirement
n= Number of years the investments will be made.
Therefore,
A= Yearly withdrawals*30 years = $25,000*30 = $750,000
r= 9% = 0.09
n= 10 years
P= A/{(1+r)^n} = 750,000/{(1+0.09)^10} = $316,808.11
Therefore, he should invest $316,808.11 today.
Answer:
(-8, -6)
Step-by-step explanation:
When you graph the given equation on the given graph, you find the lines intersect at (-8, -6).
The solution to the system is (-8, -6).
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The equation is given in slope-intercept form, so you can find the y-intercept (y=10) and draw a line with slope 2 from there. It will go through (-5, 0), so you know the solution lies in the 3rd quadrant and has an x-value less than -5. Only one answer choice matches.
Answer:
HI SORRY IM, SPEAK SPANISH... FROMN COLOMBIA
Step-by-step explanation:
HOLI MK NO SE HABLAR INGLES CHAU