<span>I honestly believe that not everyone uses their phones during meetings or classes unless they are bored or simply searching for more information on the topic. These days cell phone devices are used by teachers and those conducting meetings. I've even seen preacher's pull up the Bible from their phones. So if fewer than 44 people use them that's actually good.</span>
If Lamont withdraws $2,750 monthly, he will be <u>66 years old</u> (after 134.326 months) when the money runs out.
<h3>How is the number of monthly withdrawals calculated?</h3>
We can calculate the number of monthly withdrawals using an online finance calculator.
It determines the number of periods it will take for the investment to be exhausted, given an interest rate of 3.8%.
I/Y (Interest per year) = 3.8%
PV (Present Value) = $300,500
PMT (Periodic Payment) = $-2750
FV (Future Value) = $0
<u>Results</u>:
N = 134.326 months
Years = 11 years (134.326/12)
Age at FV = $0 is 66 years (55 + 11)
Sum of all periodic payments = $-369,397.09 (134.326 x $-2,750)
Total Interest = $68,897.09
Thus, making a monthly withdrawal of $2,750 will exhaust the investment when Lamont turns <u>66</u>.
Learn more about periodic withdrawals and payments at brainly.com/question/13031679
#SPJ1
Answer:
$83.60
Step-by-step explanation:
to find the answer you need to know the price of one pint (unit rate) so we divide 12.54 by 6.
12.54 ÷ 6 = 2.09
then we multiply that by 40
2.09 x 40 = 83.60
Answer:
16
Step-by-step explanation:
19-3 =16
