Eleni, who is now 50 years old, is employed by a firm that guarantees her a pension of $40,000/year at age 65. What is the present value of her first year's pension if inflation over the next 15 year(s) is at the given rate. Assume that inflation is continuously compounded. Round your answers to the nearest cent.
?
6%
?
$__________
?
7%
?
$__________
?
18%
?
$__________

What will be an ideal response?


16,262.79;   13,997.51;   2,688.22

Mathematics

You might also like to view...

Solve the equation on the interval [0, 2?).(tan x - 1) (sin x + 1) = 0

A.
B.
C.
D. 0, 

Mathematics

Write the number in scientific notation.0.000005859

A. 5.859 × 106 B. 5.859 × 10-7 C. 5.859 × 10-5 D. 5.859 × 10-6

Mathematics

Use synthetic division to divide f(x) by x - c, and then write f(x) in the form f(x) = (x - c)q(x) + r.f(x) = 6x3 + 34x2 + 15x - 25; x + 5

A. (x + 5)(-6x2 - 5x - 5) + 0
B. (x + 5)(6x2 + 4x - 5) + 0
C. (x + 5) + 0
D. (x + 5) + 0

Mathematics

Using the factors (x - 4) and (x + 2), find the remaining factor(s) of  and write the polynomial in fully factored form.

A.
B.
C.
D.
E.

Mathematics