Answer:
- (D) 1.2^y ≥ 2
- (D) 4
Step-by-step explanation:
The revenue is multiplied by 1.2 each year, so after y years, it is multiplied by 1.2 y times, or 1.2^y. The appropriate choice of equation is ...
1.2^y ≥ 2
__
Taking logarithms, we get ...
y·log(1.2) ≥ log(2)
y ≥ log(2)/log(1.2)
y ≥ 3.80
It will take 4 years to at least double the company's revenue.
If Lamont withdraws $2,750 monthly, he will be <u>66 years old</u> (after 134.326 months) when the money runs out.
<h3>How is the number of monthly withdrawals calculated?</h3>
We can calculate the number of monthly withdrawals using an online finance calculator.
It determines the number of periods it will take for the investment to be exhausted, given an interest rate of 3.8%.
I/Y (Interest per year) = 3.8%
PV (Present Value) = $300,500
PMT (Periodic Payment) = $-2750
FV (Future Value) = $0
<u>Results</u>:
N = 134.326 months
Years = 11 years (134.326/12)
Age at FV = $0 is 66 years (55 + 11)
Sum of all periodic payments = $-369,397.09 (134.326 x $-2,750)
Total Interest = $68,897.09
Thus, making a monthly withdrawal of $2,750 will exhaust the investment when Lamont turns <u>66</u>.
Learn more about periodic withdrawals and payments at brainly.com/question/13031679
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Answer:5 units
Step-by-step explanation:
Area(a)=30
Base(b)=12
Height(h)=?
Area of =(base(b) x height(h))/2
30=(12 x h)/2
Cross product
30 x 2=12 x h
60=12h
Divide both sides by 12
60/12=12h/h
5=h
Therefore height(h)=5units
The factors of a 18 are 1, 2, 3, 6, 9, 18.
Answer:
The slope is -3
Step-by-step explanation:
Find 2 points (-2,3) (-1,0) are 2.
Next subtract y 1 by y 2 in this example, 3-0 which equals 3
After that, subtract x 1 and x 2. In this example, -2-(-1) which equals -1.
Now dive y over x. 3/-1 or -3.
So the slope is -3.