Okay so just do this equation below.
92,000 x 0.06
And you have your answer!
Answer is 5,520.
Leave a 5 star rating, a thanks, and a most brainy answer!
Hi there
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r)^(-n))÷r]
So we need to solve for pmt (the amount of the annual withdrawals)
PMT=pv÷ [(1-(1+r)^(-n))÷r]
Pv present value 65000
R interest rate 0.055
N time 10 years
PMT=65,000÷((1−(1+0.055)^(
−10))÷(0.055))
=8,623.40....answer
Hope it helps
658,008 i just looked it up and thats what i found.
6(x-1)
4x
X = 6*x-1*6/6x-6=4x
X= -6=4x-6x
X=-6=-2x
Value of x Is 3
