The following formula is applicable;
A=P(1+r)^n
Where,
A = Total amount accrued after 10 years (this is the amount from which the yearly withdrawals will be made from for the 30 years after retirement)
P=Amount invested today
r= Annual compound interest for the 10 years before retirement
n= Number of years the investments will be made.
Therefore,
A= Yearly withdrawals*30 years = $25,000*30 = $750,000
r= 9% = 0.09
n= 10 years
P= A/{(1+r)^n} = 750,000/{(1+0.09)^10} = $316,808.11
Therefore, he should invest $316,808.11 today.
Answer:
408
Step-by-step explanation:
Volume = length times width times height
So in this situation we can see that 17 is the length, 8 is the width, and 6 is the height
Knowing this information we can continue
If you think of a regular cube, you can split it diagonally and then it would be 2 triangles
So we can split the width, in halve which would be 4 and then apply the formula 4*6*17 and when you solve that you get 408 Now we have to split that in halve because remember it is a triangle and a triangle is halve of a square. Halve of 408 is 204.
If we repeat that prosses for the other side we will also get 204. Now we add 204+204 to get our answer 408.
Sorry is this was a little confusing but that's the best I can explain it.
Hope that helped and have a great day!
Step-by-step explanation:
2+x=7 x=5 eso es todo
7-2=x
7-z=2
Answer:A positive correlation is a relationship between two variables such that their values increase or decrease together.
Step-by-step explanation:
