Miguel already knows that he will have $550,000 when he retires. If he sets up a payout annuity for 22 years in an account paying 4% interest, how much could the annuity provide each month? Round your answer to the nearest dollar.

Answers

Answer 1

Answer:

Monthly withdraw= $3,124.19

Step-by-step explanation:

Giving the following information:

Present Value (PV)= $550,000

Number of periods (n)= 22*12= 264 months

Interest rate (i)= 0.04/12= 0.0033

To calculate the monthly withdrawal, we need to use the following formula:

Monthly withdraw= (PV*i) / [1 - (1+i)^(-n)]

Monthly withdraw=  (550,000*0.0033) / [1 - (1.0033^-264)]

Monthly withdraw= $3,124.19


Related Questions

1)Apply the distributive property to solve the following.
(2 +19) x4
Answer:

Answers

4(2+19)
=8+76
=84

All you do is multiply 4 by 2 and then multiply 4 by 19. Then you add it up.

Hope this helps :)

Answer:

4x19+4x2  or  4x21

Step-by-step explanation:

If you multiply 4x19, you get  76. And if you multiply 4x2 you get 8. 76+8= 84

If you multiply 4x21 you get 84 also.  Both of these answers are distributive property. (all it is, is different ways of solving the problem.)

Hope this helps!  :)

ok soo i am having trouble with this question lol what is 0 divided by 0

Answers

Answer:

0 because 0 is 0 and divided it's 0

If v = u + 3t find v when u = −12 and t = 3
1. -3
2. -2
3. 8
4. -4

Answers

The answer to that is -3
v=-12+3(3)
v=-12+9
v=-3

True or false. Explain.

The volumes of a rectangular-based pyramid and a triangular-based pyramid with congruent heights and equal base areas are equal

Answers

Answer:

true

Step-by-step explanation:

Triangle Theorems I need helpppp

Answers

The correct answer is 30 degrees.

please help me asap!!!!

Answers

Answer:

there's no picture info here...

Step-by-step explanation:

2X^2 - 9x + 10 . solve by factoring area model (show work)​

Answers

Step-by-step explanation:

2x²_4x_5x+10

2x(x-2)-5(x-2)

(2x-5)(x-2)

A sphere has a volume of 36(pi) in^3. What is the surface area in terms of Pi

Answers

Answer:

la verdad que depende de la situación

The ratio of blue paint to yellow paint in a green paint mixture is 2 : 3. If you use 16 ounces of blue paint, how many ounces of yellow paint do you need. Include tape diagram

Answers

Answer:

24ounces

Step-by-step explanation:

16 ounces is 2x 8

8=1:1 ratio

8x3=24

2:3 = 16:24

Please someone help me with the question

Answers

Answer:

[tex]\displaystyle \frac{d}{dx}[e^{2x}] = 2e^{2x}[/tex]

[tex]\displaystyle \frac{d}{dx}[e^{3x}] = 3e^{3x}[/tex]

General Formulas and Concepts:

Algebra I

Terms/CoefficientsExponential Rule [Multiplying]:                                                                      [tex]\displaystyle b^m \cdot b^n = b^{m + n}[/tex]

Calculus

Derivatives

Derivative Notation

eˣ Derivative:                                                                                                           [tex]\displaystyle \frac{d}{dx}[e^x] = e^x[/tex]

Derivative Rule [Product Rule]:                                                                                  [tex]\displaystyle \frac{d}{dx} [f(x)g(x)]=f'(x)g(x) + g'(x)f(x)[/tex]

Step-by-step explanation:

Step 1: Define

[tex]\displaystyle \frac{d}{dx}[e^{2x}] = \frac{d}{dx}[e^x \cdot e^x][/tex]

[tex]\displaystyle \frac{d}{dx}[e^{3x}] = \frac{d}{dx}[e^x \cdot e^{2x}][/tex]

Step 2: Differentiate

[tex]\displaystyle \frac{d}{dx}[e^{2x}][/tex]

[Derivative] Product Rule:                                                                              [tex]\displaystyle \frac{d}{dx}[e^{2x}] = \frac{d}{dx}[e^x]e^x + e^x\frac{d}{dx}[e^x][/tex][Derivative] eˣ Derivative:                                                                               [tex]\displaystyle \frac{d}{dx}[e^{2x}] = e^x \cdot e^x + e^x \cdot e^x[/tex][Derivative] Multiply [Exponential Rule - Multiplying]:                                  [tex]\displaystyle \frac{d}{dx}[e^{2x}] = e^{2x} + e^{2x}[/tex][Derivative] Combine like terms [Addition]:                                                  [tex]\displaystyle \frac{d}{dx}[e^{2x}] = 2e^{2x}[/tex]

[tex]\displaystyle \frac{d}{dx}[e^{3x}][/tex]

[Derivative] Product Rule:                                                                              [tex]\displaystyle \frac{d}{dx}[e^{3x}] = \frac{d}{dx}[e^x]e^{2x} + e^x\frac{d}{dx}[e^{2x}][/tex][Derivative] eˣ Derivatives:                                                                             [tex]\displaystyle \frac{d}{dx}[e^{3x}] = e^x(e^{2x}) + e^x(2e^{2x})[/tex][Derivative] Multiply [Exponential Rule - Multiplying]:                                  [tex]\displaystyle \frac{d}{dx}[e^{3x}] = e^{3x} + 2e^{3x}[/tex][Derivative] Combine like terms [Addition]:                                                  [tex]\displaystyle \frac{d}{dx}[e^{3x}] = 3e^{3x}[/tex]

Topic: AP Calculus AB/BC (Calculus I/II)

Unit: Derivatives

Book: College Calculus 10e

help please i’ll give extra points & brainlist:)!

Answers

A south pole of one magnet can approach the north pole of another. The magnetic fields are aligned. This makes an attractive force between the two magnets. The farther apart they are, the higher their potential energy.


hope this helped :)

I got 49 will someone double check me please?!

Answers

Answer:

m<YVX = 49°

Step-by-step explanation:

Given:

m<YVZ = 52°

m<ZVW = 36°

m<XVU = 43°

m<YVX + m<YVZ + m<ZVW + m<XVU = 180° (angles in a straight line)

m<YVX + 52 + 36 + 43 = 180 (substitution)

m<YVX + 131 = 180

m<YVX = 180 - 131

m<YVX = 49°

At a graduation dinner, an equal number of guests were seated at each of 12 large tables, and 8
late-arriving guests were seated at a smaller table. There were 128 guests in all. If n represents the
number of people seated at each of the large tables, what equation could you use to find the value
of n?

A. 12n - 8 = 128
B. 12n +8 = 128
C. 8n + 12 = 128
D. 8n - 12 = 128

Answers

Answer::: A. 12n -8 =128

Please help me answer this

Answers

9514 1404 393

Answer:

  a) zeros: -2/3, 6

  b) x < -2/3, signs: -, -; sign of product: +

  -2/3 < x < 6, signs: +, -; sign of product: -

  x > 6, signs: + +; sign of product: +

  c) solution: x < -2/3 ∪ x > 6

Step-by-step explanation:

a) The zeros of the product are the values of x that make either factor zero. (A product is only zero if one of the factors is zero.)

  3x +2 = 0   ⇒   x = -2/3

  x -6 = 0   ⇒   x = 6

The zeros of the quadratic are x = -2/3 and x = 6.

__

b) For values of x left of the left-most zero, both factors are negative. For values of x between the zeros, the left factor is positive and the right factor is negative. For values of x greater than the right-most zero, both factors are positive. That is, for large negative values of x, all factors are negative. Working left-to-right, each time a zero is crossed, one factor changes sign.

__

c) The solution is where the signs of the factors match:

  x < -2/3 or -6 < x

pls do this showing your work <3

Answers

Answer:

Step-by-step explanation:

pls do this showing your work <3

Area of a sector = Ф/360 * πr²

What is 12 1/2 - 7 6/7?

Answers

Answer:

4 9/14

Step-by-step explanation:

Answer:

The answer is 4 9/14

What is the input value for which g(x) = 3 khan academy

Answers

Answer:

x = 9

Step-by-step explanation:

If g(x) = 3, that means that the output is three.

Outputs are y values.

Look at the graph. When y=3, the x  = 9.

So the input value for which g(x) = 3 (aka that gives the output y = 3) is x = 9

The political opinion organization hired 100 new employees, which increases its staff by 40%. What was the original number of employees?

Answers

Answer:

40(?)

I don't remember exactly if that's correct, but I hope it's right! Comment if you want the explanation

40% = 0.4
100 = 0.4x
250 employees

Check:
250 x 0.4 = 100

Which property justifies the statement below?
a(2b+c)=a(c+2b)

a. commutative property of addition
b. commutative property of multiplication
c. associative property of addition
d. distributive property

Answers

Answer:

d. distributive property

Step-by-step explanation:

Which of the following ordered pairs would lie on the same line of direct variation as (16,4)? Select all correct answers.

Answers

Answer:

FFFFF

Step-by-step explanation:

FFFFFFFFF

Answer:

Not sure, sorry

Step-by-step explanation:

Peggy took a timed 30
question test. She answered
60% of the questions and
skipped the rest. How many
did she answer?

Answers

Answer: 18 questions

Step-by-step explanation:

First we want to make 60% a decimal so we divide by 100.

This gives us 0.6

Then we multiply 30*0.6=18

18 questions

does anyone know the answer to this? 5x-(4+3x)

Answers

Answer:

2x-4

Step-by-step explanation:

5x-(4+3x)

5x-4-3x

5x-3x-4

2x-4

A jewelry store offers its own brand of customizable charm bracelets. You are able to choose from 9
different charms for your bracelet.
How many different charm bracelets is it possible to create?

Answers

Answer:

It depends on the number of charms that your bracelet can have.

here we need to count the number of selections that we have, and the number of options for each one of these selections.

So if we can have only one charm, we have only one selection, and for that selection, we have 9 options, then there are 9 different one-charm bracelets.

If each bracelet can have 2 charms then we have two selections.

For the first selection, we have 9 options,

If each charm can be selected only one time, then for the next selection we will have 8 options, now the total number of combinations is equal to the product between the numbers of options for each selection, so here the total number of combinations is:

C = 9*8 = 72

If we can select 3 charms, then:

first charm = 9 options

second charm = 8 options

third charm = 7 options

Total number of combinations = 9*8*7 = 504 combinations.

Notice that we can not give an exact answer because we do not know the number of charms in each bracelet and we do not know if a charm can be selected multiple times or only one, but here you could see the general way to solve this kind of problems.

11. Together, Andy and Ben can re-roof a certain house in six days. When Ben works alone, it takes him 9 days longer than when Andy works by himself. How long does it take each person to re-roof the same house independently?​

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Will mark Brainliest! What is the value of P. Thank you!

Answers

Answer:

question of number 10 is 3

I need help plz I can’t cuaet well understand it

Answers

Answer:

so basically all u have to do is multiply the length, width, and height.

that's literally it to find the volume of this

so the answer would be 37 1/8 I think

hope this helped

Divide the given polynomial by the given monomial.​

Answers

Answer:

Here are the answers. Need to have 20 characters for answer. Phew

The farm raises some rabbits and native chickens. The number of native chickens is six times the number of rabbits, with a total of 560 feet. farm
Raised ? rabbit.​

Answers

The farm raises some rabbits and native chickens. The number of native chickens is six times the number of rabbits, with a total of 560 feet. farm

Raised ? rabbit.​

Question 60/62 (3.p.)
KAH
ht
w
2011
Solve and choose the correct answer.
A water tank is in the form of a cylinder whose radiusis 2 m and length is
3.5 m. The quantity of water in litres that can be stored in the tank is
..​

Answers

Answer:

Capacity of tank = 44,000 l

Step-by-step explanation:

Given:

Height of tank = 3.5 m

Radius = 2 m

Find:

Capacity of tank

Computation:

Volume of cylinder = πr²h

Volume of cylinder = (22/7)(2)²(3.5)

Volume of cylinder = 44 m³

1m³ = 1000 l

So,

Capacity of tank = 44  x 1,000

Capacity of tank = 44,000 l

Two cars start towards each other from points 200 miles apart. One car travels at 40 miles
per hours and the other travel at 35 miles an hour. How far apart will the two cars be after
four hours of continuous travelling?
(a) 20
(b) 40
(c) 75
(d) 100

Answers

Answer:

D) 100

Step-by-step explanation:

Solution: After four hours, one car travels 40 x 4 = 160 km, and the other car travels 35 x 4 = 140 km. Therefore, the two cars are 160 + 140 - 200 = 100 km apart

THANK YOU

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