You would have more than $102.
Earning 2% a year in interest would get you $2 in interest the very first year:
100(0.02) = 2
Adding this to the amount in the account, you would have 100+2 = 102 after the first year.
The monthly interest rate is 6%/12 = 0.5%. The interest earned each month is
0.005*$500,000 = $2500
You can withdraw $2500 each month without disturbing the principal amount.
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9 is your answer, hope this helps
360=x+x+(2x+3)+(2x+3)
we have 360=2x+2x+2x+6
360-6=6x
354=6x
x=354/6=59
x=59
