A person deposits $2,000 each year for 25 years into an IRA. When she retires immediately after making the 25 th deposit, the IRA is worth $220,000 . (A) Find the interest rate earned by the IRA over the 25-year period leading up to retirement. (B) Assume that the IRA continues to earn the interest rate found in part (A). How long can the retiree withdraw $30,000 per year? How long can she withdraw $24,000 per year?
A person deposits $2,000 each year for 25 years into an IRA. When she retires immediately after making the 25 th deposit, the IRA is worth $220,000 . (A) Find the interest rate earned by the IRA over the 25-year period leading up to retirement. (B) Assume that the IRA continues to earn the interest rate found in part (A). How long can the retiree withdraw $30,000 per year? How long can she withdraw $24,000 per year?
Solution Summary: The author calculates the interest rate earned by an IRA, where a person deposits 2000 each year for 25 years. The annual nominal compounding rate that annuity has earned is
A person deposits
$2,000
each year for
25
years into an IRA. When she retires immediately after making the
25
th
deposit, the IRA is worth
$220,000
.
(A) Find the interest rate earned by the IRA over the 25-year period leading up to retirement.
(B) Assume that the IRA continues to earn the interest rate found in part (A). How long can the retiree withdraw
$30,000
per year? How long can she withdraw
$24,000
per year?
rmine the immediate settlement for points A and B shown in
figure below knowing that Aq,-200kN/m², E-20000kN/m², u=0.5, Depth
of foundation (DF-0), thickness of layer below footing (H)=20m.
4m
B
2m
2m
A
2m
+
2m
4m
Solve this please
5.10. Discuss the continuity of the function
f(z)
=
at the points 1, -1, i, and -i.
之一
21
3,
|2 = 1
Chapter 3 Solutions
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
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