John is currently 25 years old. He has $10,000 saved up and wishes to deposit this into a saving account which pays him j12=6%. He also wishes to deposit $x every month into that account so that when he retires at 55, he can withdraw $2000 every month end to support his retirement. He expects to live up till 70 years. How much should he deposit every month into his account?

20335+282=20617

step-by-step explanation:

step-by-step explanation:

step-by-step explanation:

gym b charges $1.05 less per hour than gym a.

ending amount = beginning amount / (2^n)

where "n" = number of half-lives (or elapsed time / half-life)

ending amount = 50 mg / (2 ^10 / 5.3)

ending amount = 50 mg / (2 ^ 1.8867924528)

ending amount = 50 m / 3.6981210597

ending amount = 13.5203794557 mg

or about 13.5 mg remain

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