Determine the number of full withdrawals, Mathematics

A worker retires with a lump sum superannuation benefit of $500,000. She immediately invests this money in a fund earning 5% pa effective. One year after retirement she begins making a regular annual withdrawal of $50,000 from the fund.

Determine the number of full withdrawals she will be able to make and the final withdrawal, one year after the last full withdrawal which will completely exhaust her benefits.

Posted Date: 3/1/2013 5:20:08 AM | Location : United States







Related Discussions:- Determine the number of full withdrawals, Assignment Help, Ask Question on Determine the number of full withdrawals, Get Answer, Expert's Help, Determine the number of full withdrawals Discussions

Write discussion on Determine the number of full withdrawals
Your posts are moderated
Related Questions
Q4. Assume that the distance that a car runs on one liter of petrol varies inversely as the square of the speed at which it is driven. It gives a run of 25km per liter at a speed o

Q. What are Whole numbers? The set of whole numbers is the set of natural numbers with the zero thrown in: 0,1,2,3,4,... Hint: Some people remember that the whole numbers

i need some information on this topic for my holidays project..plz guide me what to do

We're here going to take a brief detour and notice solutions to non-constant coefficient, second order differential equations of the form. p (t) y′′ + q (t ) y′ + r (t ) y = 0

0+50x1-60-60x0+10

Laura paid $17 for a pair of jeans. The ticketed price was 20% off the original price plus the sign on the rack said, "Take an additional 15% off the ticketed price." What was the

solve the differential equation 8yk+2-6yk+1+yk=9 ,k=0 given that Y0=1 and y1=3/2

examination questions and answers to the above title.

approximate the following problem as a mixed integer program. maximize z=e-x1+x1+(x2+1)2 subject to x12+x2 =0

The unit circle will be parametrized by (cosw, sinw). Provide a point on it, the region cut out by circle, the x-axis, and the line from the origin to this point has covered area w