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.
<em>(x - 7)(x - 5)</em>
- <em>Step-by-step explanation:</em>
<em>x² - 12x + 35 =</em>
<em>= x² - 5x - 7x + 35</em>
<em>= x(x - 5) - 7(x - 5)</em>
<em>= (x - 7)(x - 5)</em>
Answer:
7 number ans is b because 2 times the sum of a and b means 2×(a+b)
The answer is C. The numerator 7x+14 can be factored as 7(x+2). The denominator 2x^2+2x-6 can be factored as (x+2)(2x-3). The greatest common divisor of 7(x+2) and (x+2)(2x-3) is obviously x+2, which is contained in both of the two expressions.
Answer:
63:147
Step-by-step explanation:
Because 3*21= 63 and 7*21= 147