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MaddieXMooo990
24.09.2020 •
Mathematics
Rachel plans to withdraw $5,000 at the end of each year from her bank account that pays 4% interest. How many annual withdrawals can she make if her starting balance is $63,296.48?
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Ответ:
I inferred 4% interest to be per annum.
about 19 annual withdrawals
Step-by-step explanation:
First, we note that Rachel plans to withdraw $5,000 at the end of each year from a starting balance is $63,296.48, excluding the 4% interests, the total withdrawals possible is
$63,296.48/$5,000 = 12.65 (in years)
Including the 4% interest;
4% x $63,296.48 = $2,531.85
To find the possible withdrawals we multiply by the initial period excluding interest rates
$2531.85 * 12 = $31,901/5,000= 6.38 (in years)
Total: 6.38 + 12.65 = 19.03 (in years)
Ответ:
![\boxed{x + (6x - 15) = 90}](/tpl/images/2092/9568/44de5.png)
B. is the right answer.