Mathematics College

You have $400,000 saved for retirement. Your account earns 5% interest. How much will you be able to pull
out each month, if you want to be able to take withdrawals for 25 years?

Answers

Answer 1

Answer:

$4,515.14

Step-by-step explanation:

First we need to get the amount after 25 years on $400,000 at 5% interest

Using the compound interest formula

A = P(1+r)^n

A = 400,000(1+0.05)^25

A = 400,000(1.05)^25

A = 400,000(3.3864)

A = $1,354,541.98

Since 25years = (25*12)months

25 years = 300months

Amount to be able to pull out each month = $1,354,541.98/300

Amount to be able to pull out each month = $4,515.14

Hence you will be able to pull out $4,515.14 each month

Related Questions

A rectangular prism has a length of 12 inches, a height of 16 inches, and a width of 20 inches. What is its volume, in cubic inches?

Please explain

Answers

add 12 with 16 by 20 it gives you 48 cubic inches

12 +16+20=48 cubic inches

Does anyone know ? ;-;

Answers

Answer:

[tex]y=\frac{3}{2}x+8[/tex]

Step-by-step explanation:

[tex]y=mx+b\\[/tex]

slope=m

[tex]y=-\frac{2}{3} x-1[/tex]

slope=[tex]-\frac{2}{3}[/tex]

slope=[tex]\frac{3}{2} ,(-4,2)[/tex]

[tex]y-y_{1} =m(x-1)\\\\y-_{2} =\frac{3}{2} (x-4)\\\\y-2=\frac{3}{2} x+6\\[/tex]

Add 2 to both sides

[tex]Answer:y=\frac{3}{2} x+8[/tex]

hope it helps!!

PLEASE I NEED HELP CLICK ON THIS IMAGE

Answers

Answer:

There is no mode (B)

Step-by-step explanation:

choose the correct equation

Answers

Answer:

y = -3x - 10

Step-by-step explanation:

Equation to represent the given table can be written in the slope-intercept form, y = mx + b.

m = slope = ∆y/∆x

Using the coordinates of any two pairs of values from the table, (0, -10) and (1, -13):

Slope (m) = [(-13 - (-10)]/[1 - 0] = -3/1

Slope (m) = -3

b = y-intercept = the value of y when x is 0 = -10

To write the equation, substitute m = -3 and b = -10 into y = mx + b.

Thus:

y = -3x + (-10)

y = -3x - 10

Thank yall for helping me

Answers

Answer:

11g+15-4g+5

11g-4g+15+5

15g+20

I think it's the answer because there is no

equals to ( = )

What is the first and second step to solving -16=2a-8

What is the solution to the problem

Answers

move 8 over to the other side by adding 8 on both sides to eliminate the negative sign.
divide both sides by 2 to get a alone.
-8 = 2a
-8/2 = 2a/2
-4= a

Upon studying low bids for shipping contracts, a microcomputer manufacturing company finds that intrastate contracts have low bids that are uniformly distributed between 23 and 29, in units of thousands of dollars. (a) Find the probability that the low bid on the next intrastate shipping contract is below $25,000. (Round your answer to four decimal places.) (b) Find the probability that the low bid on the next intrastate shipping contract is in excess of $28,000. (Round your answer to four decimal places.)

Answers

Answer:

a) 0.3333 = 33.33% probability that the low bid on the next intrastate shipping contract is below $25,000.

b) 0.1667 = 16.67% probability that the low bid on the next intrastate shipping contract is in excess of $28,000.

Step-by-step explanation:

A distribution is called uniform if each outcome has the same probability of happening.

The uniform distribution has two bounds, a and b.

The probability of finding a value lower than x is given by:

[tex]P(X < x) = \frac{x - a}{b - a}[/tex]

The probability of finding a value higher than x is given by:

[tex]P(X > x) = \frac{b - x}{b - a}[/tex]

Uniformly distributed between 23 and 29

This means that [tex]a = 23, b = 29[/tex]

(a) Find the probability that the low bid on the next intrastate shipping contract is below $25,000.

[tex]P(X < 25) = \frac{25 - 23}{29 - 23} = 0.3333[/tex]

0.3333 = 33.33% probability that the low bid on the next intrastate shipping contract is below $25,000.

(b) Find the probability that the low bid on the next intrastate shipping contract is in excess of $28,000.

[tex]P(X > 28) = \frac{29 - 28}{29 - 23} = 0.1667[/tex]

0.1667 = 16.67% probability that the low bid on the next intrastate shipping contract is in excess of $28,000.

(ignore this) the question is below.

Answers

Answer:

Between 13 and 14

Step-by-step explanation:

[tex]\sqrt{185}[/tex]=13.6 which is between 13 and 14

3! factorial what does it mean​

Answers

Answer:

3×2×1

Step-by-step explanation:

that is the answer

Answer:

see explanation

Step-by-step explanation:

The definition of factorial ! is

n! = n(n - 1)(n - 2) ...... × 3 × 2 × 1 , then

3! = 3 × 2 × 1

= 6

Write a real-world scenario for the equation 10x + 2 = 8x + 8. Solve the equation.
​
​
​

Answers

Answer:

3

Step-by-step explanation:

Frank wants to find a number that is multiplied by 10 is 2 less than 8 times the number plus 8.

Hope that helps :)

10x - 8x = 8-2
= 2x =6
Ans = x=3

I need helphrdugdgdggdhd

Answers

Answer: the first box

Brainliest please

Step-by-step explanation:

25.09 is more than 25.018 because 0.09 is greater than 0.01

25.09-25.018=0.072

Answer:

You good? Also, 25.018 is heavier since it is closer tho the nearest ones and the fact it is a bigger decimal.

Step-by-step explanation:



A pilot can travel 450 miles with the wind in the same amount of time as 396 miles against the wind. Find the speed of the wind if the pilot's speed in still air is 329 miles her hour.

Answers

this makes no sense...

slope of the line perpendicular to the line whose equation is −2x + y = −3

Answers

Answer:

What is the slope of a line perpendicular to the line whose equation is 2x+y=3?

Step-by-step explanation:

-1/2

Step-by-step explanation:

perpendicular slopes are the opposite reciprical

so you basically flip it and change the sign

I hope this helps :)

Answer:B

Step-by-step explanation:

The equation of the line that contains the points (-8, 1) and (0, -5) is

Answers

Answer:

y = -3/4x -5 (G)

Step-by-step explanation:

Find the slope by using the slope formula. (It's hard to format here so look it up)

Basically, it is y2 - y1/x2 - x1

-5 - 1/ 0 + 8

-6/8 = -3/4

The slope is -3/4.

Plug in for y = mx + b

y (y coordinate) = -5

x (x coordinate) = 0

slope (m) = -3/4

-5 = -3/4(0) + b

-5 = 0 + b

b = -5

y = -3/4x -5

simplifly the expression
5^-4x5^2​

Answers

Answer:

5^-2

Step-by-step explanation:

When you multiply exponents, you can add them if they have like bases.

-4 + 2 = -2

Answer:

It would be x over 25

Hi can you guys help me pls thanks!

Answers

what you need help woth owo

How many ways can 3 crayons be selected from a
box of 24 crayons to color a picture?

Answers

Answer:

12144 ways

Step-by-step explanation:

24×23÷22= 12144

5x-y>4 what does y equal

Answers

Answer:

y < -4 + 5x

Step-by-step explanation:

7. An equilateral triangle has sides of length 6.2cm, correct to the nearest millimetre.
Complete the statement about the perimeter, Pcm, of the triangle.

Answers

Answer: 6.2*3= 18.6cm

Help shefeejhrhrhhtuy

Answers

Answer:

c. 80,360

Step-by-step explanation: multiply the number of cases they make each day by the amount of pastries each case contains

I GIVE BRAINLIEST FOR ANSWER AND EXPLANATION

Answers

i see no shaded region here

NEED HELP ASAP FREE BRAINLIST

Answers

Answer:

G

Step-by-step explanation:

Answer:

The answer is H

Step-by-step explanation:

p-value for p = 0.23 is closest to: 0.006 or 0.40?

Answers

Answer:

0.40 I'm pretty sure tbh

Help please I need this

Answers

Answer:

12

13

89

Step-by-step explanation:

ez pz

what is midpoint mean

Answers

Answer:

The middle of a line segment

Step-by-step explanation:

middle of the line segment

Which numbers belong to the solution set of the inequality? x+6= 42​

Answers

Answer:

36

Step-by-step explanation:

Answer:

x=36 is your answer

Step-by-step explanation:

Simplifying

x + 6 = 42

Reorder the terms:

6 + x = 42

Solving

6 + x = 42

Solving for variable 'x'.

Move all terms containing x to the left, all other terms to the right.

Add '-6' to each side of the equation.

6 + -6 + x = 42 + -6

Combine like terms: 6 + -6 = 0

0 + x = 42 + -6

x = 42 + -6

Combine like terms: 42 + -6 = 36

x = 36

Simplifying

x = 36

Geometry!! Will give brainliest

Answers

    it's  the second one.


9 m
c) radius =
diameter =

Answers

Answer:

radius is 9 m and diameter is 2 x9 = 18

Evaluate f(x)=5x−8 when x=−3,0, and 4 PLS ANSWER FAST :D

Answers

Answer:   -23, -8, 12

Step-by-step explanation:

f(x)=5x−8

When x=−3,

f(-3)=5(-3)−8 = -15-8 = -23

When x=0,

f(0)=5(0)−8 = -8

When x=4,

f(4)=5(4)−8 = 20-8=12

In 2018, there were about 32 million teenagers (aged 13-17) in the United States. They each sent
an average of 1200 text messages per month. About how many text messages did all of the
teenagers in the United States send each month? Express your answer using scientific notation.

Answers

Answer:

About 38,400,000,000 text

thirty eight billion + four hundred million

Step-by-step explanation:

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