Establish the identity.
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What will be an ideal response?
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Norah has $2,000,000 in her retirement account. She wants to make 20 equal withdrawals, beginning today and each year thereafter. The investment plan earns 8%. What is the amount of annual withdrawals that would completely deplete the fund after the 20th withdrawal?
A. $181,541 B. $184,875 C. $188,615 D. $203,704
Decide whether the statement makes sense. Explain your reasoning.Paul has about $1800 available for all his personal expenses combined. He figures that he can easily afford to pay in rent.
What will be an ideal response?
Find the indicated sum.
A. 44 B. 70 C. 65 D. 30
Find the indicated sum.
A. -35 B. -14 C. -5 D. -30