End of each of the next 20 Suppose you earned a $555,000 bonus this year and invested it at 8.25% per year. How much could you withdraw

years?

Select the correct answer.

a. $57,592.18

b. $57,500.68

c. $57,575.18

d. $57,609.18

e. $57,583.68

Annual withdraw= $57,583.68

Step-by-step explanation:

Giving the following information:

Present Value (PV)= $555,000

Interest rate (i)= 0.0825

Number of periods (n)= 20

To calculate the annual withdrawals, we need to use the following formula:

Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]

Annual withdraw= (555,000*0.0825) / [1 - (1.0825^-20)]

Annual withdraw= $57,583.68

-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

step-by-step explanation:

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