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:
I'm pretty sure the answer is d,(When both angle KMQ and MNS are equal to angle PMN, the angles KMQ and MNS are congruent.)
Step-by-step explanation:
I had this question on my practice exam for my midterm.
= <span><span>−x</span>+6</span>
<span>=<span><span> −<span>3x</span></span>+3</span></span>
<span>= </span><span><span>−x</span>+6</span>
= <span><span>2x</span>−3</span>
<span>= <span><span>−<span>4x</span></span>−<span>17</span></span></span>
Answer:
8/50
Step-by-step explanation:
2/10 x 4/5 = 8/50
Hope that helps!
The answer is 22 :) I hope that helped
