you+have+$400,000+saved+for+retirement.+your+account+earns+4%+interest.+how+much+will+you+be+able+to+pull+out+each+month,+if+you+want+to+be+able+to+take+withdrawals+for+20+years?

Answers

Answer 1

You will be able to pull out approximately $2,358.21 per month for 20 years.

To calculate the monthly withdrawal amount, we can use the formula for calculating the future value of an ordinary annuity. The formula is:

A = P * (1 - (1 + r)^(-n)) / r

Where:

A = future value (amount to be withdrawn each month)

P = present value (initial savings)

r = interest rate per period (4% per year, so 4%/12 = 0.3333% per month)

n = number of periods (20 years, so 20 * 12 = 240 months)

Plugging in the values:

A = 400,000 * (1 - (1 + 0.003333)^(-240)) / 0.003333

Calculating this equation gives us approximately A = $2,358.21 per month. This means you will be able to withdraw around $2,358.21 each month for a period of 20 years while maintaining your savings.

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Related Questions

The points L, M, N and O all lie on the same line segment, in that order, such that the ratio of LM:MN:NOLM:MN:NO is equal to 3:1:2.3:1:2. If LO=30,LO=30, find LN.LN.

Answers

Answer:

[tex]|LN| = 24[/tex]

Step-by-step explanation:

Given

[tex]LM:MN:NO = 3:1:2[/tex]

[tex]LO = 30[/tex]

Required

Find LN

[tex]LN = LM + MN[/tex]

From the ratio, LM = 3 and MN = 1

So:

[tex]LN = 3 + 1[/tex]

[tex]LN = 4[/tex]

LN and NO can be represented as:

[tex]LN : NO = 4 : 1[/tex]

The length of LN is then calculated as:

[tex]|LN| = \frac{LN}{LN+NO}*|LO|[/tex]

[tex]|LN| = \frac{4}{4+1}*30[/tex]

[tex]|LN| = \frac{4}{5}*30[/tex]

[tex]|LN| = \frac{4*30}{5}[/tex]

[tex]|LN| = \frac{120}{5}[/tex]

[tex]|LN| = 24[/tex]

please help me is you help me i will give you brainlest!!!!!
Which figure has no line of symmetry

Answers

Answer:

the first figure

Step-by-step explanation:

PLEASE HELP! WILL MARK BRAINLIEST IF U ANSWER CORRECTLY! IF WRONG U WONT GET IT

Answers

Answer:

1120 super easy

Step-by-step explanation:

8x10=80

80x14=1120

Jane made a poster that had a length of 1 2/3 feet and a width of 5/6 feet. What is the perimeter of her poster?
answers; 1 7/18, 2 1/2, 3 feet, and 5 feet.

Answers

Answer:

5 feet

Step-by-step explanation:

Rahul sold a painting at 10% profit. If he had sold it for 240 more, he would have made 15% profit. What is the C.P. of the painting?

please tell ans step by step..

Answers

Answer:

$4800

Step-by-step explanation:

Let x be the C.P of the painting.

Profit=10% of x

Profit=[tex]\frac{10}{100}\times x=\frac{10x}{100}[/tex]

If S.P increase by 240 then

Profit=15% of x=[tex]\frac{15x}{100}[/tex]

For first case

S.P=C.P+ Profit

S.P=x+10x/100

S.P=[tex]\frac{100x+10x}{100}=\frac{110}{100}x[/tex]

For second case

New S.P[tex]=x+\frac{15}{100}x[/tex]

         =[tex]\frac{115}{100}x[/tex]

According to question

[tex]240+S.P=\frac{115}{100}x[/tex]

[tex]240+\frac{110x}{100}=\frac{115}{100}x[/tex]

[tex]240=\frac{115}{100}x-\frac{110x}{100}[/tex]

[tex]240=\frac{115x-110x}{100}[/tex]

[tex]240=\frac{5}{100}x[/tex]

[tex]x=\frac{240\times 100}{5}[/tex]

[tex]x=4800[/tex]

Hence, the C.P of the painting=$4800

Gambarlah sebuah lingkaran dengan jari jari 2,5 cm. Lalu gambarlah 3 buah sudut keliling yg menghadap busur yang sama

Answers

Step-by-step explanation:

isidhxibdofeixeosgzifisvsoshzibdihddgd

Work out the sum of 1/6 , 4/5 and 2/3 Give your answer as a mixed number in its simplest form.

Answers

Answer:

39/30= 13/10

Step-by-step explanation:

You would need to make all numbers have a common denominator. The least common denominator for them is 30. So multiply the 1/6 by 5. the 4/5 by 6 and the 2/3 by 10. And the answer will come out to be a mixed number.

STATE 2 DECIMALS BETWEEN 2.10 AND 2.11 Please help!​

Answers

Answer:

There are many decimals between 2.10 and 2.11.

Examples:

2.101, 2.102, 2.103, 2.104, 2.105, 2.106, 2.107, 2.108, 2.109

You can choose 2 from these examples.

holly has 368 pet pal cards Dara has 243 cards how much more does holly have then Dara

Answers

Answer:

125

Step-by-step explanation:

Answer:

125

Step-by-step explanation:

368 - 243 = 125

Every year Ethan ears 38,428. Every year he spends 21,728 on expenses. How much money should Ethan have leftover?

Answers

Answer:

16,700

Step-by-step explanation:

38,428

_

21,728

=

16,700

5+5-66564+6367347646-4848

Answers

Answer:

6367276244 6367276244

6367276244 6367276244

Answer:

6367276244

Step-by-step explanation:

PLZ HELP!!! WILL GIVE HIGHEST POINTS IF THE ANSWER IS CORRECT!!!

Answers

Answer: -5 Hope this helps :)

Step-by-step explanation:

Brainlist Plz?

The answer is -5. Give me points if I am correct please.

Proving trapezoid theorems Geometry

Answers

Answer:

ΔABD ≅ ΔACD by SAS, therefore;

[tex]\overline {BD} \cong \overline {CA}[/tex] by CPCTC

Step-by-step explanation:

The two column proof is presented as follows;

Statement [tex]{}[/tex]                   Reason

ABCD is a trapezoid [tex]{}[/tex]  Given

[tex]\overline {BA} \cong \overline {CD}[/tex]  [tex]{}[/tex]                   Given

[tex]\overline {BC} \parallel \overline {AD}[/tex]   [tex]{}[/tex]                   Definition of a trapezoid

ABCD is an isosceles trapezoid  [tex]{}[/tex]    Left and right leg are equal

∠BAD ≅ ∠CDA  [tex]{}[/tex]          Base angle of an isosceles trapezoid are congruent

[tex]\overline {AD} \cong \overline {AD}[/tex]   [tex]{}[/tex]                  Reflexive property

ΔABD ≅ ΔACD   [tex]{}[/tex]         By SAS rule of congruency

[tex]\overline {BD} \cong \overline {CA}[/tex]   [tex]{}[/tex]                  CPCTC

CPCTC; Congruent Parts of Congruent Triangles are Congruent

SAS; Side Angle Side rule of congruency

Answer:

Step-by-step explanation:

just did it

3.5 m = ______cm

PLEASE HELP ME!!!!!!!

Answers

Answer:

Formula *10

Step-by-step explanation:

35

Find the value of x when the triangle has 9 and 3

Answers

Answer:

H²=h²+b²

H²=9²+3²

H²=81+9

H²=90

H=

[tex] \sqrt{90} [/tex]

The school that Stefan goes to is selling tickets to a choral performance. On the first day of ticket sales the school sold 3 senior citizen tickets and 1 child ticket for a total of $38. The school took in $52 on the second day by selling 3 senior citizen tickets and 2 child tickets. Find the price of a senior citizen ticket and the price of a child ticket

Answers

Answer:

senior citizen tickets are $10 and child tickets are $8

Answer:

senior is 10 and child is 8

Step-by-step explanation:

Helpppppppp pls help .

Answers

Answer: X= 1 2 3 4  Y= 5 8 11  14

Step-by-step explanation: i tried my best

Is this a, b, c, or d?

Answers

Answer:

Alright so let's start by elimination.

Step-by-step explanation:

It cannot be 1/4 (unless it's y or x)

Cannot be 1/2 unless it's the bottom part.

So that leaves you with 1/3 and 1/6, 1/6 is to small so it has to be 1/3.

Hope this helps!

help me !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

B

Step-by-step explanation:

did the math for it!!

B, jake.

loooooooooooooooooll

You can upgrade lighting at your factory to LED bulbs that coast 6.95 each and last an average of 5 years.

Answers

Answer:

$200

Step-by-step explanation:

Here is the full question

You can upgrade lighting at your factory to LED bulbs that cost $6.95 each and last an average of 5 years. It costs $3 in labor to change a bulb. Over a 10-year period, about how much will it cost per year to install LED bulbs in 100 lamps and change the bulbs when they burn out?

in 10 years, the bulbs would be changed twice

Total cost incurred per bulb in 10 years = (6.95 +  $3) x 2 = $19.90

Since there are 100 bulbs, total cost incurred would be - $19.90 x 100 = $1990

Cost per year = $1990 /  (6.95 +  $3) = $200

I don’t know if this is correct !!!!! Please help answer correctly !!!!!!!!! Will mark Brianliest !!!!!!!!!!!

Answers

Answer:

change up to down the rest is right

Step-by-step explanation:

hope I helped!!

Find the measure of each angle in the angle pair described.
The measure of one angle is twice the measure of its supplement. What are the measures of the two angles?

Answers

Answer:

The best way to measure an angle is to use a protractor. To do this, you'll start by lining up one ray along the 0-degree line on the protractor. Then, line up the vertex with the midpoint of the protractor. Follow the second ray to determine the angle's measurement to the nearest degree

You did not attach a photo of the angles!

Do you know anything about y=mx+b​

Answers

Answer:

yes

Step-by-step explanation:

your m is your slope,your b is the y-intercept, and your y is what you are solving for.

Answer:

Y=mx+b is an equation for a linear equation

M is the slope of the line and B is the y-intercept

The y-intercept of this line is the value of y at the point where the line crosses the y axis.

Every straight line can be represented by an equation: y = mx + b.

Hope this helps :))

A rental car company offers a rental package for a mid-size car. ​The cost is comprised of a fixed \$ 40$40 administrative fee for the cleaning and maintenance of the car plus a rental cost of \$ 45$45 per day. ​ ​Using xx for the number of days and yy for the total cost in dollars, construct a linear function to model the relationship between the number of days and the total cost of renting a mid-size car. ​

Answers

Answer:

y = 40 + 45x

Step-by-step explanation:

Fixed administrative fee for the cleaning and maintenance of the car = $40

rental cost = $45 per day

x = number of days

y = total cost in dollars

y = 40 + 45x

This shows the relationship between the number of days and the total cost of renting a mid-size car.

Which of these graphs represents a function?
-5-4-3-2-1, 1 2 3 4 5
-5-4-3-2-11
-5
-5
w.
X.
.4-3-2-1,
1 2 3
5-4-3-2-13
1 2 3 4 5
.51
Y.

Answers

Since each value of the input is mapped to only one value of the output, we have that graph w represents a function.

When does a graph represents a function?

When it has no vertically aligned points, that is, each value of x is mapped to only one value of y.

Hence, in this problem, graph w represents a function.

More can be learned about functions at https://brainly.com/question/12463448

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Answer:

it's A have a good day

Step-by-step explanation:

Julie has $80,000 to invest. She invests part at 5%, one fourth this amount at 6%, and the balance 7%. Her total annual income from interest is $4,700. Find the amount invested at each rate.

Answers

Answer:

Julie invested $ 25,000 at 7%, $ 20,000 at 6%, and $ 35,000 at 5%.

Step-by-step explanation:

Given that Julie has $ 80,000 to invest, and she invests part at 5%, one fourth this amount at 6%, and the balance 7%, knowing that her total annual income from interest is $ 4,700, to find the amount invested at each rate se you must perform the following calculation:

80,000 / 4 = 20,000

20,000 x 0.06 = 1,200

4,700 - 1,200 = 3,500

60,000 x 0.07 + 0 x 0.05 = 4,200

50,000 x 0.07 + 10,000 x 0.05 = 4,000

40,000 x 0.07 + 20,000 x 0.05 = 3,800

30,000 x 0.07 + 20,000 x 0.05 = 3,600

25,000 x 0.07 + 35,000 x 0.05 = 3,500

Thus, Julie invested $ 25,000 at 7%, $ 20,000 at 6%, and $ 35,000 at 5%.

What is the y-intercept

Answers

Answer:  -15

Step-by-step explanation:

To find the y intercept we need to find slope first which can be done by taking 2 points and using the slope formula

5 - 10

----------  =   -5/3    

12--9

The slope is -5/3 now we take one point substitute the slope in and find the y intercept

5=-12( -5/3) +b

5= 20+ b

-15 =b

The y-intercept is -15

Combine the like terms to create an equivalent expression:2r+1+(−4r)+7

Answers

Answer:

2r+1+(-4r)+7

= -2r+8

= -2(r+4)

Step-by-step explanation:

Work out
51.43% of 377.59cm
Give your answer founded to 2 DP

Answers

Answer:

194.194537 centimeters

Step-by-step explanation:

Answer:

194.19cm

Step-by-step explanation:

yeah yeah yeah yeah

Two siblings' ages have a sum of 64 years. The older sibling was born 6 years before their young sibling.

Write a system of 2 equations. Solve the system using substitution. Report your answer in the form of (older, younger).

Answers

Hi!

So we have to make a system of equations here.

Let sibling 1 be O and sibling 2 be Y (for older and younger)

So:

O + Y = 64

O = 64 - Y

(Either one works)

The older sibling is 6 years older.

O = Y + 6

Make everything in terms of Y.

64 - Y = Y + 6

Same to both:

58 = 2y

2y = 58

Divide by 2 on both sides:

y = 29

Since the older sibling is 6 years older:

29 + 6 = 35

Y = 29

O = 35

Let me know if you have any questions.

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