Answer:
The first number in each ordered pair tells how far across the X line is to move. The second number in each ordered pair tells how far up or down the Y line is to move. The point where the X and Y lines cross is marked “0” on the graph. It is called the “origin,” and is the starting point for plotting points.
If 12 pairs of socks sell for $5.79, then the unit rate is 12 : 5.79. If we want to find a unit rate for one pair of socks, we need to divide 5.79 by 12:
5.79 / 12 = 0,4825
So the unit rate is 1 : 0.4825
Answer:
- starting balance: $636,215.95
- total withdrawals: $1,200,000
- interest withdrawn: $563,784.05
Step-by-step explanation:
a) If we assume the annual withdrawals are at the beginning of the year, we can use the formula for an annuity due to compute the necessary savings.
The principal P that must be invested at rate r for n annual withdrawals of amount A is ...
P = A(1+r)(1 -(1 +r)^-n)/r
P = $60,000(1.08)(1 -1.08^-20)/0.08 = $636,215.95
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b) 20 withdrawals of $60,000 each total ...
20×$60,000 = $1,200,000
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c) The excess over the amount deposited is interest:
$1,200,000 -636,215.95 = $563,784.05
