Abank developed a model for predicting the average checking and savings account balance as balance = -17,732 + 367 * age +1300 *years education + 0.116 * household wealth.
a. explain how to interpret the numbers in this model.

Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. he now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. how many years will it take to exhaust his funds, i.e., run the account down to zero? a. 22.50 b. 23.63 c. 24.81 d. 26.05 e. 27.35