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
the third fifth and first
Answer:
Henry will get $15.77 back.
Step-by-step explanation:
20 - 4.23 = 15.77
Answer:
y=90x+2,000
Step-by-step explanation:
90 is the rate of change because the hot air balloon descends 90 feet per minute.
And 2,000 is the starting point because the hot air balloon started the descent at 2,000 feet.
Answer:
35
Step-by-step explanation:
I don't know how to explain sorry
