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:
t= 1/2
Step-by-step explanation:
hope this help
24 degrees per second is 360 degrees in 15 seconds (pretty fast for a Ferris wheel!).
a) The distance above the ground can be modeled using a cosine function.
.. h(t) = 7 -6cos(2πt/15)
b) h(t) = 10
.. 10 = 7 -6cos(2πt/15)
.. (10 -7)/-6 = cos(2πt/15)
.. 2πt/15 = π ±π/3 +2kπ
. t = 7.5*((1 ±1/3) +2k) . . . . . . . . seconds; k = any integer
You are 10 meters above the ground at t=5 seconds and every 15 seconds thereafter, as well as at t=10 seconds and every 15 seconds thereafter.
Answer:
y=1/4x-3/4
Step-by-step explanation:
hope this helped