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timama [110]
2 years ago
7

A retiree wants level consumption in real terms over a 30-year retirement. If the inflation rate equals the interest rate she ea

rns on her $459,000 of savings, how much can she spend in real terms each year over the rest of her life?
Mathematics
2 answers:
Karo-lina-s [1.5K]2 years ago
8 0

Answer:

Real rate = Interest rate - Inflation rate

Here, real rate will be ZERO.

When real rate of return os ZERO annual saving will be Value/Years.

Hence, available real annual savings is $15,300 ($459,000/30)

Step-by-step explanation:

____ [38]2 years ago
5 0

Given Information:

Time period = n = 30 Years

Amount = P = $459,000  

Inflation rate = interest rate

Required Information:

Spending per year = ?

Answer:

She can spend $15,300 per year

Step-by-step explanation:

Lets assume that interest rate is x

Real rate = Interest rate - inflation rate

since it is given that Inflation rate = interest rate

Real rate = x - x

Real rate = 0

Therefore, the retiree can spend

$459,000/30 = $15,300 per year

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A newborn child receives a $20,000 gift toward college education from her grandparents. How much will the 20,000 be worth in 17
Alexus [3.1K]

Answer:

The amount the $20.000 will be worth in 17  years at compound interest is $65068.443

Step-by-step explanation:

Here we have the Principal, P = $20,000.00

The annual interest rate, r = 7% = 0.07

Time , t = 17 years

Number of compounding period per year, m = quarterly = 4

The compound interest can be found from the following formula;

Amount, \ A = P \left (1 + \frac{1}{r}  \right )^{mt}

Therefore, by plugging the values of the equation parameters, we have;

Amount, \ A = 20000 \left (1 + \frac{0.07}{4}  \right )^{4 \times 17} = \$  65068.443

Therefore, the amount the $20.000 will be worth in 17  years at compound interest = $65068.443.

7 0
3 years ago
Find the distance between points S(6,−3)
Gelneren [198K]

Answer:

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4 0
2 years ago
the seventh grade class is putting on a variety show to raise money. it cost 700 dollars to rent the banquet hall that they are
nexus9112 [7]

Answer:

Since the question is partial, i will assume 2 scenarios:

They need to raise 1000 income

They need to make 1000 as profit

If $1000 as income:

Each ticket costs $15, so  tickets would bring them $1000 income. Fractional ticket is not possible, so rounding gives us 67 tickets as the answer.

If $1000 as profit:

Their cost of renting is $700. We know that .

So, . So, to raise $1700, we need  tickets. Fractional ticket is not possible, so rounding gives us 114 tickets as the answer.

ANSWER:

If need to raise atleast $1000 as income, they need to sell 67 tickets.

If need to raise atleast $1000 as profit, they need to sell 114 tickets.

The most probable answer would be 114 tickets

PLZ MARK ME BRAINLIEST

4 0
2 years ago
Josiah and his friends are going to the movies. Each ticket costs $10, and popcorn is $5 a bag. There is a $3 service fee for th
Free_Kalibri [48]
Make sure you check this because i do make mistakes.

10 x 4 = 40

75 - 40 = 35

So josiah has 35 dollars to spend for things other than tickets.

35 - 3 = 32 (for the service fee)

So josiah has 32 dollars to spend on popcorn

32/5 = 6.4 but you cant have half a bag of popcorn so

6 bags
8 0
2 years ago
Four times the largest of three consecutive odd integers is 36 more than the sum of the other
erica [24]

If you know how to solve word problems involving the sum of consecutive even integers, you should be able to easily solve word problems that involve the sum of consecutive odd integers. The key is to have a good grasp of what odd integers are and how consecutive odd integers can be represented.

Odd Integers

If you recall, an even integer is always 22 times a number. Thus, the general form of an even number is n=2kn=2k, where kk is an integer.

So what does it mean when we say that an integer is odd? Well, it means that it’s one less or one more than an even number. In other words, odd integers are one unit less or one unit more of an even number.

Therefore, the general form of an odd integer can be expressed as nn is n=2k-1n=2k−1 or n=2k+1n=2k+1, where kk is an integer.

Observe that if you’re given an even integer, that even integer is always in between two odd integers. For instance, the even integer 44 is between 33 and 55.

6 0
3 years ago
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