Anna plans to retire at 70 and hopes to withdraw $30,000 per gear until she’s 95. If money earns 6% compounded annually how much will she need at 70

$383,500.68  

Step-by-step explanation:

The amount needed is the present value of the $30,000 that Anna will withdraw for 25 years compounded at 6% annually

=pv(rate,nper,pmt,fv)

rate is the annual rate of 6%

nper is the number of years of withdrawal which is 95-70=25

pmt is the amount of annual withdrawal which is $30,000

fv is the amount of withdrawals which is unknown

=pv(6%,25,-30000,0)=$383,500.68  

The amount of she required at 70 is $$383,500.68   which gives her the benefit of withdrawing $30,000 per year at retirement

to find the unit price, we must figure out the cost of one item (in this case one dish towel).   to do this, we divide the total price ($7.92) by the number of items bought (for this problem it is 8, because there are eight dish towels in one pack).  

$7.92/8 = $0.99

therefore, the unit price, or the price of one dish towel, is $0.99.

hope this !

the solution is h=10 because you add 9 to each side of the equation.