You have $500,000 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 25 years?

amount pull out each month is $4518.44

Step-by-step explanation:

principal (p) = $500000

rate (r) = 4% = 0.04 = 0.04/12 per month

time period = 25 years = 25 × 12 = 300 months

to find out

how much amount pull out each month

solution

we will calculate the amount by given formula i.e.

principal = amount  ( 1 - ) / r     ....................1

now put the value amount rate time in equation 1

we get amount

500000 = amount ( 1 - ) / 0.04/12

500000 = amount (2.711062 ) / 0.00333

amount = 1666.6666 * 2.711062

amount =  4518.44

amount pull out each month is $4518.44

i don't have the answer rn but go to math papa. it shows the steps and the answer. hope this : )

step-by-step explanation:

-3

step-by-step explanation:

a drawing really does here:

so i draw the horizontal line y=2 and the vertical line x=-2 at this intersection i put b (this is where my right angle is going to be).   so point b is at (-2,2).   point a is 5 units long and is also on y=2 so this point has to be (3,2) or (-7,2) -doesn't matter i will go with (3,2).

now we know c is at (-2,y) we don't know the y yet bet we know that c is on x=-2.

we have the area of the triangle is .5bh=12.5

we know the base length is 5 (ab)

we have the height is (2-y) if you look at your

plug in

.5(5)(2-y)=12.5

solve for y to get the y-coordinate for c

2.5(2-y)=12.5

divide both sides by 2.5 giving:

2-y=5

now subtract 2 on both sides

-y=3

y=-3