Answer:
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$535,528.03
Since the semiannual withdrawals will be made for 35 years, the annuity will have two payments per year.
You may use a financial calculator to calculate the balance that will match the present value of your annuity distributions when you retire. The following are the inputs:
N = 35*2 = 70 semi-annual withdrawals total time
I/Y = 4.5 percent /2 = 2.25 percent semi-annual interest rate
FV = 0 (future value) (use 0 in annuity if not given)
PMT = 15,265; semi-annual payment
Enter the functions to find PV: CPT PV = 535,528.026
As a result, the person will need $535,528.03 in cash.
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Answer:
it would also be 3/4x (in terms of y=mx+c)
Step-by-step explanation:
parallel lines have the same slope/gradient
Y is directly proportional to x and therefore takes the form y=kx where k is the constant of proportionality.
Dividing both sides by x for the given values, k becomes 18/4 = 4.5
Answer:
the answer is 36
Step-by-step explanation:
Answer: 1122
Step-by-step explanation:
