16. How much money will I need to have at retirement so I can withdraw $60,000 a year for 20 years from an account earning 8% compounded annually? a. How much do you need in your account at the beginning b. How much total money will you pull out of the account? c. How much of that money is interest?

Step-by-step explanation:

a) If we assume the annual withdrawals are at the beginning of the year, we can use the formula for an annuity due to compute the necessary savings.

The principal P that must be invested at rate r for n annual withdrawals of amount A is ...

  P = A(1+r)(1 -(1 +r)^-n)/r

  P = $60,000(1.08)(1 -1.08^-20)/0.08 = $636,215.95

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b) 20 withdrawals of $60,000 each total ...

  20×$60,000 = $1,200,000

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c) The excess over the amount deposited is interest:

  $1,200,000 -636,215.95 = $563,784.05

for the friend request.

when a figure, such as triangle (xyz) is reflected over the line y = x to create x'y'z' the x-coordinates and y-coordinates of the original image (pre-image) will be reversed for the image. (e.g., (x, y) > (y, x)) this means that the pre-image position of the x- and y-coordinates switch places which in turn provides a mirror like image of the original xyz.  

i notice that when i draw a line segment from x to x', that the points are parallel from each other -- they are exactly across from each other and do not intersect with any other points.  

yes, think i would see the same characteristic if you drew the line segment connecting y with the reflecting line and then y' with the reflecting line because of the essence of reflections. because it is a mirror image, each point was effected the same way which leads me to conclude that they same would apply to y and y'.

you can't solve x because it is 2 linear equation and you only have one equation