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:
137°
Step-by-step explanation:
If we know that a set of angles form one of these special relationships, we can determine the measure of the other angle. To determine the supplement, subtract the given angle from 180. 180 - 43 = 137° The supplement of 43° is 137°.
Answer:
I mean i got class in 2 minutes bUT ILL TAKE THE POINTS THO
Step-by-step explanation:
Answer:
9
Step-by-step explanation:
negative times a negative is a positive. Negative three squared is 9.
They all have decimals as answers?
