You have $600,000 saved for retirement. your account earns 5.5% interest. how much, to the nearest dollar, will you be able to pull out each month, if you want to be able to take withdrawals for 20 years?

See the attached formula (the "n" means number of years):

We know principal = $600,000 rate = .055 and "n" = 20

Annual Payout = Principal * rate * (1 +r)^n / [(1 + rate)^n  -1]

Annual Payout = 600,000 * .055 * (1.055)^20 / [{(1.055)^20}-1]

Annual Payout = 600,000 * .055 * 2.9177574906 / 1.9177574906

Annual Payout = 96,286.00 / 1.9177574906

Annual Payout = 50,207.60

To get a monthly payout we divide by 12 and get:

4,183.97 per month

Source:  https://www.1728.org/annupay2.htm   (formulas)

https://www.1728.org/annupay.htm (calculator)

Step-by-step explanation:

answer: sorry i can't you.

step-by-step explanation:

the smallest possible measurement of the width is 14 feet

step-by-step explanation:

let's assume length of parallelogram is 'l'

width of parallelogram is 'w'

the perimeter of a parallelogram must be no less than 40 feet

so, we get

we are given

length of parallelogram is 6 feet

so,

l=6

we can plug it

now, we can solve for w

subtract both sides by 12

divide both sides by 2

and we get

so,

the smallest possible measurement of the width is 14 feet