Beth has just received an inheritance of $500,000 and would like to be able to make quarterly withdrawals over the next 20 years. She decides on an annuity that pays 6.4%, compounded quarterly. How much will her quarterly payments be to draw the account down to zero at the end of 20 years? Quarterly Payments =​

Answers

Answer 1

The amount Beth would be able to withdraw quarterly from her inheritance over the next 20 years is Quarterly Payments ≈ $11,124.53

The given parameters in the question;

Present value of inheritance, PV = $500,000

The number of years of withdrawal, n = 20 years

Interest rate, i = 6.4%

The required parameter;

The amount Beth would be able to withdraw quarterly over the next 20 years to draw the account down to zero, given a quarterly interest rate of 6.4%

Method

The required parameter is given by the payment formula

The question is related with annuity given that withdrawals will be made quarterly

The question seeks to find how much she can withdraw so as to exhaust the balance in 20 years

The amount she can withdraw quarterly is given by the payment formula as follows;

[tex]\mathbf{PMT = PV \times \dfrac{i}{1 - \left(1 + i\right)^{-n}}}[/tex]

Where;

PMT = The amount of quarterly payments

PV = The present value of the investment = $500,000

i = The interest rate = 6.4%

n = The number of years = 20 years

Therefore, we get;

[tex]\mathbf{PMT = 500,000 \times \dfrac{\dfrac{0.064}{4} }{1 - \left(1 + \dfrac{0.064}{4} \right)^{-4 \times 20}} \approx 11,124.53}[/tex]

The amount she can withdraw quarterly for the next 20 years ≈ $11,124.53

Quarterly payment, PMT = $11,124.53

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Related Questions

Aaron uses 18% of the paper in a printer paper package when she print a report for social studies class this is 90 sheets of paper how many sheets of paper are there in the printer paper in a package?

Answers

Answer:

percentage of paper used= 18%

Number of papers printed= 90

Total number of papers in the paper package= 'y'

total number of papers

= [tex]\frac{18}{100}[/tex] × y =90

transpose to the other side,

y= 90 ×[tex]\frac{100}{18}[/tex]

y=10 x100

y=1000

hence total number of papers in the package is 1000

Hope this helps

Please mark me as brainliest

How many different 4 card hands can be drawn from a set of 30 cards

Answers

Answer:

[tex]27,\!405[/tex] if:

The cards are drawn without replacement, All cards in this set are distinct from one another, andThe ordering of the four chosen cards does not matter.

Step-by-step explanation:

[tex]\displaystyle \genfrac{(}{)}{0}{}{30}{4} = \frac{30 \times 29 \times 28 \times 27}{4 \times 3 \times 2 \times 1} = 27,\!405[/tex].

Assume for now that the ordering of the four cards does matter. Hands like [tex]\verb!A!\, \verb!B!\, \verb!C!\, \verb!D![/tex] and [tex]\verb!A!\, \verb!B!\, \verb!D!\, \verb!C![/tex] would then be considered different from one another.

There would [tex]30[/tex] choices for the first card. Since the first card was not returned to the pile, there would be only [tex]29[/tex] choices for the second card. Likewise, there would be [tex]28[/tex] choices for the third card and [tex]27[/tex] for the fourth.

By this reasoning, there would be [tex]30 \times 29 \times 28 \times 27 = 657,\!720[/tex] different ways to draw a hand of four cards from this set when the ordering of these four cards do matter.

However, in many card games, once a hand of cards is drawn, the ordering of cards within that hand does not matter. In other words, hands like [tex]\verb!A!\, \verb!B!\, \verb!C!\, \verb!D![/tex] and [tex]\verb!A!\, \verb!B!\, \verb!D!\, \verb!C![/tex] would not be considered as distinct from one another.

In that case, the [tex]30 \times 29 \times 28 \times 27 = 657,\!720[/tex] ways of drawing cards would include a large number of duplicates.

There are be [tex]4 \times 3 \times 2 \times 1 = 24[/tex] ways to arrange a hand of four cards when the order matter. Hence, when the ordering within a hand no longer matters, each hand of four cards would have been counted [tex]24[/tex] times among those [tex]30 \times 29 \times 28 \times 27 = 657,\!720[/tex] ways.

Therefore, when the ordering of cards within a set does not matter, [tex]\displaystyle \frac{30 \times 29 \times 28 \times 27}{4 \times 3 \times 2 \times 1} = 27,\!405[/tex] would give the number of distinct ways to draw a hand of four out of this set of thirty distinct cards.

describe the effect of the transformation (x,y) --> (x,y+4)

First correct gets brainliest!

A) Vertical stretch without reflection
B) Vertical stretch with reflection
C) Horizontal translation of 4 units
D) Vertical translation of 4 units

Answers

Answer:

D. Vertical translation of 4 units.

Step-by-step explanation:

This transformation keeps x the same but shifts y up 4 units (adding 4 to it). This is a vertical shift up 4, which we can also call a vertical "translation."

f(x) = 3x + 2
What is f(5)?

Answers

Answer:

17

Step-by-step explanation:

f(x) = 3x + 2

f(5) = 3(5) + 2

f(5) = 15 + 2

f(5) = 17

Answer:

17

Step-by-step explanation:

f(x) = 3x + 2

Plug in:

3(5) + 2

15 + 2 = 17

Hope this helped.

If 3, 9, 10, x are in proportion find the value of x.​

Answers

Answer:

[tex]x = 30[/tex]

Step-by-step explanation:

If 3, 9, 10, x are in proportion. Then,

[tex]x \times 3 = 10 \times 9[/tex]

[tex]x \times 3 = 90[/tex]

[tex]x = \frac{90}{3} [/tex]

[tex]x = 30[/tex]

Hope it is helpful.....

Step-by-step explanation:

Given that 3, 9, 10, x are in proportion <br> product of exterms = Product of means <br>

<br>

3x=9×10

X=(9x10)/3

X=90/3

X=30

Where r is the radius of the cylinder and h is the height of the cylinder.
Find the surface area when r is 7 inches and h is 9 inches.




Sa of cylinder= 2(pi)rh + 2(pi)r squared

Answers

Answer:

703.7 in²

Step-by-step explanation:

SA = 2πrh+2πr²

= 2×π×7×9+2×π×7²

= 224π

= 703.7 in² (rounded to the nearest tenth)

Answer:

224π

in²

Step-by-step explanation:

Determine what type of model best fits the given situation: A 4% raise in salary each year.

Answers

the models aren't given..

Answer: no models given

Step-by-step explanation:

For a certain country, the bar graph shows the population of it’s public school students, in millions, and the amount that the country’s government spent on public education, in billions of dollars, for five selected years. Complete part A and B.

A.
Express 2007 student population in scientific notation. (Use the multiplication symbol as needed)


B.
Express the amount that the government spent on public education in 2007 in scientific notation. (Use the multiplication symbol as needed)

Answers

Answer:

B

Step-by-step explanation:

I took a test in school and this was the answer...at least for my class.

In a lottery game, a player picks shox numbers from 1 to 20. If the player matches all six numbers, they win 20,000 dollars. Otherwise, they lose $1. What is the expected value of this game? $​

Answers

$120ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ

ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ

ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ

ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ

One time Maria took 27 minutes to walk 1.8km to school. She left home at 07:48 . Write down the time Maria arrived at school

Answers

Answer:

8:15

Step-by-step explanation:

the time would be 8:15 7:48 + 27 = 8:15

To draw a graph for y = 3/4x + 7, a person can draw a point at x of 0 and y of ___, a second point by going over 3 and up ___, and then draw a line through the points

Answers

I got b5
At least that’s what I got

For drawing the graph for y = 3/4x + 7, a person can draw a point at x of 0 and y of __7_, a second point by going over 3 and up __8.25__, and then draw a line through the points.

How to know if a point lies in the graph of a function?

All the points (and only those points) which lie on the graph of the function satisfy its equation.

Thus, if a point lies on the graph of a function, then it must also satisfy the function.

For this case, the equation given to us is:

[tex]y = \dfrac{3}{4}x + 7[/tex]

Any equation of the form [tex]y = mx + c[/tex] where m and c are constants and x and y are variables is the equation of a straight line.

For a straight line to be characterized, only two points are sufficient.

For x = 0, the y-coordinate would be such that it would satisfy the equation [tex]y = \dfrac{3}{4}x + 7[/tex]

Putting x = 0, we get:

[tex]y = \dfrac{3}{4} \times 0 + 7 = 7[/tex]

Thus, y-coordinate of the point on this line whose x-coordinate is 0 is 7. Thus, (0,7) is one of the point's coordinate on the considered line.

Putting x = 3, we get:

[tex]y = \dfrac{3}{4} \times 3 + 7 = 9.25[/tex]

Thus, y-coordinate of the point on this line whose x-coordinate is 0 is 9.25 . Thus, (0,9.25) is another of the point's coordinate on the considered line.

Thus, for drawing the graph for y = 3/4x + 7, a person can draw a point at x of 0 and y of __7_, a second point by going over 3 and up __8.25__, and then draw a line through the points.

Learn more about points lying on graph of a function here:

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can someone please help me?

Answers

3(x+1)-2
3x+3-2
3x+1. Is the answer

At a retail store they needed to do surveys of 32 stores which equals 40% of all their stores.How many stores does the owner have in total?

Answers

Answer:

=32÷40%

=32÷0.4

=80

the owner have total 80 stores

Step-by-step explanation:

th

Answer:

80.

Step-by-step explanation:

40 % = 32 stores, so:

10% = 32/4 = 8 stores, and

100% = 8*10 = 80 stores.

A binomial probability experiment is conducted with the given parameters. Compute the probability of x successes in the n independent trials of the experiment.
n=12​, p=0.35​, x=2

Answers

Answer:

0.1088 or 10.88%

Step-by-step explanation:

q = 1 - 0.35 = 0.65

P(X=2) = 12C2 × (0.35)² × (0.65)¹

= 0.1088



A family are going away for the weekend. They look at a road map to see where their hotel is.
The scale used is 1:250,000
The distance to their hotel measures 8.5 cm on the map.
What is the actual distance?
km

Answers

Answer:

106.25km

Step-by-step explanation:

8.5cm = 0.000085km

map:real life

1:1250000

0.000085km : 0.000085km * 1250000 = 106.25km

The sum of two consecutive even integers is 54. What are the two integers?

Answers

Answer:

26 and 2

Step-by-step explanation:

Given,

Sum of two even numbers = 54

let one number be x

another number be x +2

x + x +2 = 54

2x + 2 = 54

2x = 54 - 2

2x = 52

x = 52/2

x = 26

Therefore, the numbers are 26 and 26 + 2 = 28..

Need help plotting this on number line

Answers

Refer to the attaachment

Complete the table using the equation w = m + 4

Answers

Answer:

5+4 = 9

6+4 = 10

7+4 =11

Step-by-step explanation:

Answer:

(5,9)

(6,10)

(7,11)

Step-by-step explanation:

w = m + 4

when m = 5,

w = 5 + 4 = 9

when m = 6

w = 6 + 4 = 10

when m = 7

w = 7 + 4 = 11

Find the length of side
x to the nearest tenth.

Answers

The answer is the square root of 18 because of Pythagorean theorem

find the sum 38+39+40+41...+114+115

Answers

It seems like you want to find the sum of 38 to 115:

[tex] \displaystyle \large{38 + 39 + 40 + 41 + ... + 114 + 115}[/tex]

If we notice, this is arithmetic series or the sum of arithmetic sequences.

To find the sum of the sequences, there are three types of formulas but I will demonstrate only one and the best for this problem.

[tex] \displaystyle \large{S_n = \frac{n(a_1+a_n) }{2} }[/tex]

This formula only applies to the sequences that have the common difference = 1.

Given that a1 = first term of sequence/series, n = number of terms and a_n = last term

We know the first term which is 38 and the last term is 115. The problem here is the number of sequences.

To find the n, you can use the following formula.

[tex] \displaystyle \large{n = (a_n - a_1) + 1}[/tex]

Substitute an = 115 and a1 = 38 in the formula of finding n.

[tex] \displaystyle \large{n = (115 - 38) + 1} \\ \displaystyle \large{n = (77) + 1} \\ \displaystyle \large{n = 78}[/tex]

Therefore the number of sequences is 78.

Then we substitute an = 115, a1 = 38 and n = 78 in the sum formula.

[tex] \displaystyle \large{S_{78} = \frac{78(38+115) }{2} } \\ \displaystyle \large{S_{78} = \frac{39(38+115) }{1} } \\ \displaystyle \large{S_{78} = 39(153) } \\ \displaystyle \large \boxed{S_{78} = 5967}[/tex]

Hence, the sum is 5967.

1. If A = {1, 2, 3,4}, B = {3,4,5,6}, C = {1, 2, 4, 6, 7}, then find i) AUB ii) BUC iii) (AUB)UC v) An(BNC) vi) AU(BUC) iv) AN(BUC)​

Answers

Answer:

i) AUB={1,2,3,4,5,6}

ii) BUC={1,2,3,4,5,6,7}

iii)(AUB)UC={1,2,3,4,5,6,7}

iv) {1,2,3,4}

v) {4}

vi){1,2,3,4,5,6,7}

Step-by-step explanation

AUB means all the elements belongs to a and b

AnB means elements common to both sets

which function defins (g-f) (x)

Answers

Answer:

(g÷f) (x) (1.8) ³x²+⁷x+2

Step-by-step explanation:

Im glad to help you

Please help quicklyyy!!!

Answers

Answer:

Its the 3 one

Step-by-step explanation:

What is the height of a room which is 8m long, 6m wide and contains 144 meters cube of air?

Answers

V=a*b*c
V=144
a=8
b=6
c=? >>>(Height)
144=8*6*c
144=48c /48
c = 144/48
c = 3 meters

The figure below is a rectangular prism.
Which edge is parallel to segment BD?
A. HK
B. BM
C. DK
D. AH

Answers

D. AH

Segment AH is parallel to BD and if the lines were drawn out infinitely, the two lines would never meet.

4. Lynn can walk two miles intenta
24 minutes. At this rate, how long will
it take her to walk 6 miles?

Answers

Lynn will take 1 hour and 12 minutes to walk
6 miles.

If 1/2 of a loaf of brown bread costs R6,how much will 2 halves cost​

Answers

Answer:

wdym R6

Step-by-step explanation:

Answer:

12

Step-by-step explanation:

6*2

A triangular lamina has vertices (0, 0), (0, 1) and (c, 0) for some positive constant c. Assuming constant mass density, show that the y-coordinate of the center of mass of the lamina is independent of the constant c.

Answers

The equation of the line through (0, 1) and (c, 0) is

y - 0 = (0 - 1)/(c - 0) (x - c)   ==>   y = 1 - x/c

Let L denote the given lamina,

L = {(x, y) : 0 ≤ x ≤ c and 0 ≤ y ≤ 1 - x/c}

Then the center of mass of L is the point [tex](\bar x,\bar y)[/tex] with coordinates given by

[tex]\bar x = \dfrac{M_x}m \text{ and } \bar y = \dfrac{M_y}m[/tex]

where [tex]M_x[/tex] is the first moment of L about the x-axis, [tex]M_y[/tex] is the first moment about the y-axis, and m is the mass of L. We only care about the y-coordinate, of course.

Let ρ be the mass density of L. Then L has a mass of

[tex]\displaystyle m = \iint_L \rho \,\mathrm dA = \rho\int_0^c\int_0^{1-\frac xc}\mathrm dy\,\mathrm dx = \frac{\rho c}2[/tex]

Now we compute the first moment about the y-axis:

[tex]\displaystyle M_y = \iint_L x\rho\,\mathrm dA = \rho \int_0^c\int_0^{1-\frac xc}x\,\mathrm dy\,\mathrm dx = \frac{\rho c^2}6[/tex]

Then

[tex]\bar y = \dfrac{M_y}m = \dfrac{\dfrac{\rho c^2}6}{\dfrac{\rho c}2} = \dfrac c3[/tex]

but this clearly isn't independent of c ...

Maybe the x-coordinate was intended? Because we would have had

[tex]\displaystyle M_x = \iint_L y\rho\,\mathrm dA = \rho \int_0^c\int_0^{1-\frac xc}y\,\mathrm dy\,\mathrm dx = \frac{\rho c}6[/tex]

and we get

[tex]\bar x = \dfrac{M_x}m = \dfrac{\dfrac{\rho c}6}{\dfrac{\rho c}2} = \dfrac13[/tex]

The center of mass for a uniform triangular shape is on its centroid. The y-coordinate of the center of mass of the lamina is 1/3 (independent of c).

What is the center of mass for a triangular shape?

If the surface is plane triangle approximately and mass is uniformally distributed, then its center of mass will lie on the centroid of that triangle.

What is centroid of a triangle and its coordinates?

The point of intersection of a triangle's medians is its centroid (the lines joining each vertex with the midpoint of the opposite side).

If the triangle has its vertices as  [tex](x_1, y_1), (x_2, y_2) , \: (x_3, y_3)[/tex], then the coordinates of the centroid of that triangle is given by:

[tex](x,y) = \left( \dfrac{x_1 + x_2 + x_3}{3} + \dfrac{y_1 + y_2 + y_3}{3} \right)[/tex]

For this case, the  triangular lamina has vertices (0, 0), (0, 1) and (c, 0)

Assuming its mass is spread regularly, the coordinates of its center of mass would be:

[tex](x,y) = \left( \dfrac{x_1 + x_2 + x_3}{3} + \dfrac{y_1 + y_2 + y_3}{3} \right)\\\\(x,y) = \left( \dfrac{0+0+c}{3} + \dfrac{0+1+0}{3} \right) = (c/3, 1/3)[/tex]

Thus, the y-coordinate of the center of mass of the lamina is 1/3 (independent of c).

Learn more about centroid here:

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Consider the value of t such that 0.01 of the area under the curve is to the right of t. Assuming the degrees of freedom equals 27, determine the t value. Round your answer to three decimal places.

Answers

To be honest,, I don’t know his but round your answer to three decimal places might get.

….

.01

The t-value that satisfies the condition is t = 2.797 (rounded to three decimal places).

To determine the t-value such that 0.01 of the area under the curve is to the right of it, we need to use a t-distribution table or a statistical software.

The t-distribution is characterized by its degrees of freedom, which in this case is given as 27.

To find the t-value corresponding to an upper tail probability of 0.01, we need to locate the critical value in the t-distribution table.

Since we're looking for the right tail, we want to find the t-value that corresponds to a cumulative probability of 1 - 0.01 = 0.99.

Let's denote this critical value as t(critical).

Using the t-distribution table or a statistical software, we find that the t-value for a cumulative probability of 0.99 with 27 degrees of freedom is approximately 2.797.

Therefore, the t-value that satisfies the condition is t = 2.797 (rounded to three decimal places).

Learn more about t-distribution click;

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#SPJ4

Given: ABCD is a trapezoid,
AB= 13, CD = 14,
BC = 5, and AD= 20.
Find: A
ABCD

Answers

Answer:

A=13×13

=169sqr.units

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