First find the future value of an annuity ordinary using the formula of
Fv=pmt [(1+r)^(n)-1)÷(r)]
Fv future value?
PMT 4000
R 0.05
N 15 years
Fv=4,000×(((1+0.05)^(15)−1)÷(0.05))
Fv=86,314.25
Then deducte the 15% tax bracket from the amount we found to get the effective value of Yon's traditional IRA at retirement
86,314.25−86,314.25×0.15
=73,367.11
2/20 students generally drop the course before completing the introductory statistics course.
A perfect square is something times that same thing. Example (x+2)(x+2)
The reason it's called a perfect square is because it can be re-written as a squared function:
No, the probability of getting a 5 is 1/6, but you could roll any number of fives in a row. It is just as likely to get rolled the second time as it was the first.