End of each of the next 20 Suppose you earned a $555,000 bonus this year and invested it at 8.25% per year. How much could you withdraw

years?

Select the correct answer.

a. $57,592.18

b. $57,500.68

c. $57,575.18

d. $57,609.18

e. $57,583.68

Annual withdraw= $57,583.68

Step-by-step explanation:

Giving the following information:

Present Value (PV)= $555,000

Interest rate (i)= 0.0825

Number of periods (n)= 20

To calculate the annual withdrawals, we need to use the following formula:

Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]

Annual withdraw= (555,000*0.0825) / [1 - (1.0825^-20)]

Annual withdraw= $57,583.68

the answer   is 200

step-by-step explanation:

this is a problem about poisson probabilities.   i don't know if you've

already studied poisson distributions, or if you have a place to look

to read more about the subject.  

here's how you can see a poisson distribution coming.   when there are

a lot of events that may happen at any time (or any place), and when

you're counting how many of them happen at a particular time (or a

particular place), and each event is independent of the others, then

the result is a poisson distribution.   this is roughly true for the

chocolate chips; one chip being in a cookie has only a small effect on

the probability that another chip will be in the cookie.

once you know you have a poisson distribution, you know a lot.   there

is only one parameter to a poisson distribution, so if you know the

mean, you know everything.   the form of the distribution is

  probability of n chips = {[e^(-x)]*(x^n)} / (n! )