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
Hello from MrBillDoesMath!
Answer:
.08%
Discussion:
Let the percent be denoted "p". Then
2000 * p% = 160 => ( as p% = p/100)
2000* p/100 = 160 =>
20p = 160 =>
p = 8 or .08%
Regards,
MrB
Answer:
50
Step-by-step explanation:
What I did was 2 divided by 100 = 0.02 Then multiply 0.02 times 500 and you should get 10 then multiply by how many years of interest and you get 50
<h3>hope this helped!</h3>
Answer:
(C) f’(c) = 0 and f”(c) > 0
Step-by-step explanation:
A minimum occurs where the first derivative is 0 (the tangent line is horizontal), and the second derivative is positive (concave up). The simplest example of this is a positive parabola, like y = x², which has a relative minimum at its vertex.
