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

6 0

3 years ago

Read 2 more answers

Bro I need help plzzz

Allushta [10]

48.4 hope you get it correct!

6 0

3 years ago

what is the probability of seeing a sample mean for 21 observations less or equal to the sample mean that we observed

kramer

Answer:

$P(x \le 21) = 0.69146$

Step-by-step explanation:

The missing parameters are:

$n = 64$ --- population

$\mu = 20$ --- population mean

$\sigma = 16$ -- population standard deviation

Required

$P(x \le 21)$

First, calculate the sample standard deviation

$\sigma_x = \frac{\sigma}{\sqrt n}$

$\sigma_x = \frac{16}{\sqrt {64}}$

$\sigma_x = \frac{16}{8}$

$\sigma_x = 2$

Next, calculate the sample mean $\bar_x$

$\bar x = \mu$

So:

$\bar x = 20$

So, we have:

$\sigma_x = 2$

$\bar x = 20$

$x = 21$

Calculate the z score

$x = \frac{x - \mu}{\sigma}$

$x = \frac{21 - 20}{2}$

$x = \frac{1}{2}$

$x = 0.50$

So, we have:

$P(x \le 21) = P(z \le 0.50)$

From the z table

$P(z \le 0.50) = 0.69146$

So:

$P(x \le 21) = 0.69146$

4 0

3 years ago

the sum of 3 decimal numbers is 6. Exactly one of the numbers is less than 1 what could those numbers be.

kati45 [8]

There are infinitely many solutions to this problem (which is why it asks what could those numbers be), so you just have to make one up!

Start with the first sentence.
x + y + z = 6.0

Now one of those numbers has to be less than 1. I'll choose x. And I'll choose a random number, say, 0.7.

0.7 + y + z = 6.0

Now I'll subtract 0.7 from both sides to see what y and z have to add up to.

0.7 + y + z - 0.7 = 6.0 - 0.7
y + z = 5.3

Now I'll choose a random number for y that's less than 5.3.

2.6 + z = 5.3

And subtract 2.6 from both sides to find z.

2.6 + z - 2.6 = 5.3 - 2.6
z = 2.7

And now we have our numbers!
x = 0.7
y = 2.6
z = 2.7

3 0

3 years ago