Answer:
A/102
Step-by-step explanation:
Answer:
She'd have 0.
Step-by-step explanation:
Answer: 3.8168
Step-by-step explanation:
7.34 x 0.52
3.8168
Answer:
Part a: The Future value of the annuity after 40 years is $518113.24.
Part b: The per year withdrawal in retirement for 25 years will be $48536.19.
Step-by-step explanation:
<em>As the numbers are appearing as a duplication taking all these values as single.</em>
Part a
Future value is given as
Here
- PMT is the annual value which is $2000 per year
- I is the interest rate which is given as 8%
- N is 40
So the Future value of the annuity after 40 years is $518113.24.
Part b
Per year withdrawal is given as
Here
- PY is the per year withdrawal
- Value is the total amount which is $ 518113 as calculated in part a
- I is the rate of interest which is 8%
- N is 25 years as expected life to live in retirement.
So the value is given as
So the per year withdrawal in retirement for 25 years will be $48536.
You’d rewrite it in slope-intercept form, y=mx+b
So the answer is y=-5/3x+10
Then you can point out the slope and y-intercept after you put it in the form.
Slope = -5/3
Y-intercept = 10
Hopefully this helps!