Kennabug4503

15.06.2020 • 

Mathematics

At age 25, you decide to start your retirement account, and put $700 at the end of each quarter into an account paying 7.25% compounded quarterly. At age 54, you stop making payments into the account. Account continues to pay 7.25% compounded quarterly. A) You decide to retire at age 67. Amount you have in your account at age 54 and 67? B) If you’re living off this account once you retire, making monthly withdraws, for another 16 years, how much can you withdraw each month, assuming the account continues under the same compounding terms, 7.25% compounded quarterly? Amount you could withdraw quarterly? Amount you will be able to withdraw monthly?

Ответ:

Jasten

12.09.2022

Mathematics

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Same as the original:

-->A 15% increase followed by a 15% decrease

--> A 25% decrease followed by a 50% increase

-->A 50% decrease followed by a 100% increase

Greater than the Original:

-->A 20% decrease followed by a 25% decrease

Less than the Original:

-->A 75% increase followed by a 50% decrease

Step-by-step explanation:

Example#1: I did 15% increase is 15% so followed by a -15%(decrease). The sale stayed the same.

Example#2: -20%+25%=5% *greater than the original

Example#3: If the percentage came to 0%, it stayed the same(same as original.)

Hope this helps!!

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