The Constitution helped to ensure judicial independence, in part, by having judges be appointed instead of elected, and by giving them a life term. Using Federalist #78, explain Hamilton’s arguments for appointment of judges and life terms.

You inherit $500,000 from your parents and want to use the money to supplement your retirement. you receive the money on your 65th birthday, the day you retire. you want to withdraw equal amounts at the end of each of the next 25 years. what constant amount can you withdraw each year and have nothing remaining at the end of 25 years if you are earning 6% interest per year? a. $20,000 b. $28,489 c. $33,574 d. $39,113