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hannahponder
08.03.2021 •
Mathematics
Explain how to determine the end behavior of a polynomial.
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Ответ:
First find the yearly withdrawal amount using the formula of the present value of annuity ordinary
Pv=pmt [(1-(1+r)^(-n))÷r]
Solve for pmt
PMT=pv÷[(1-(1+r)^(-n))÷r]
Pv present value 524856
R interest rate 0.034
N time 15 years
PMT the yearly withdrawal?
PMT=524,856÷((1−(1+0.034)^(
−15))÷(0.034))=45,247.18
Since he receives a yearly pension of $32,615.12 so his total annual income is
45,247.18+32,615.12
=77,862.30 answer
Hope it helps