Mathematics, 29.06.2019 03:20 starreee
suppose a man is 25 years old and would like to retire at age 60. ? furthermore, he would like to have a retirement fund from which he can draw an income of ? $100,000 per yearlong dash? forever! how can he do? it? assume a constant apr of 8? %.
he can have a retirement fund from which he can draw ? $100,000 per year by having ? $ in his savings account when he retires.
Answers: 1
= $1,250,000![A=\frac{PMT\times [(1+\frac{apr}{n})^{ny}-1]}{\frac{apr}{n}}](/tpl/images/0029/5213/8a4d4.png)
![PMT=\frac{A\times (\frac{APR}{n})}{[(1+\frac{APR}{n})^{ny}-1]}](/tpl/images/0029/5213/a6013.png)
![PMT=\frac{1,250,000\times (\frac{0.08}{12})}{[(1+\frac{0.08}{12})^{12\times 25}-1]}](/tpl/images/0029/5213/2ffd1.png)
![PMT=\frac{1,250,000\times (0.006667)}{[(1+\frac{0.08}{12})^{12\times 25}-1]}](/tpl/images/0029/5213/bc2af.png)
![PMT=\frac{1,250,000\times (0.006667)}{[(1+0.006667)^{300}-1]}](/tpl/images/0029/5213/40f6f.png)
![PMT=\frac{\frac{25000}{3}}{[1.006667^{300}-1]}](/tpl/images/0029/5213/425c3.png)
Another question on Mathematics
Mathematics, 21.06.2019 17:40
Bradley hikes 12 miles in 3 hours. in relation to bradley’s hike, which statement describes the expression
Answers: 2
Mathematics, 21.06.2019 18:00
Darian wants to build a regulation size pool table that is 9 feet in length.he plans he ordered are 18 by 36 inches. what is the scale factor of the dilation he must use to build a regulation pool table
Answers: 1
Mathematics, 21.06.2019 18:30
How do you create a data set with 8 points in it that has a mean of approximately 10 and a standard deviation of approximately 1?
Answers: 1
You know the right answer?
suppose a man is 25 years old and would like to retire at age 60. ? furthermore, he would like to ha...
Questions
Mathematics, 01.04.2021 17:20
World Languages, 01.04.2021 17:20
Mathematics, 01.04.2021 17:20
Mathematics, 01.04.2021 17:20
Biology, 01.04.2021 17:20
Health, 01.04.2021 17:20
Mathematics, 01.04.2021 17:20
Social Studies, 01.04.2021 17:20
Mathematics, 01.04.2021 17:20
