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
Answer:
+1.12 and -1.12
Step-by-step explanation:
Let the two z scores be 
.
Since the two Z-scores that separate the middle 73.72% on the Standard Normal Curve, this can be represented by the equation:
From the z table of the normal distribution, z₁ = 1.12. That is a z score of 1.12 gives 0.8686.
The two z scores are +1.12 and -1.12 = ± 1.12
Answer: rational
Step-by-step explanation:
A rational number is a number that can be expressed as a fraction. Hence 1-3.45 = - 2.45 which is - 49/20 as a fraction
First, you must understand the question. what % of 60 is 15, so I would write an equation to express this.
15 = 60x
From there, solve for x, so Divide by 60 on each side. The answer is 1/4, or 25%
