9514 1404 393
Answer:
$4127
Step-by-step explanation:
The amortization formula is good for finding this value.
A = P(r/12)/(1 -(1 +r/12)^(-12t))
where P is the amount invested at rate r for t years.
A = $600,000(0.055/12)/(1 -(1 +0.055/12)^(-12·20)) = $4127.32
You will be able to withdraw $4127 monthly for 20 years.
Answer:
3003
Step-by-step explanation:
It is going to be 15C5
Answer:
x and y = 0
the question looks weird and almost wrong because when you subtract the equations, you are left with nothing
Step-by-step explanation:
Multiply the top equation by 3 to make the -x a -3x instead.
Then do the top equation - the bottom equation
At this point you should be left with x
