How much in dollars) is needed in an account that earns 9.6% compounded monthly to withdraw $1,000 at the end of each month for 15 years?
(Round your answer to two decimal places.)
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$4196.58

Step-by-step explanation:

Compound formula =

A = P(1+r)^n

P = Primary

R = Rate

N = Time

Amount = $1000(1+0.096/12)^(15*12)

=

$4196.58263959721

=

$4196.58

trapezoid

step-by-step explanation:

first i plotted all my points on a grid graph

i made sure all of them were in the correct quadrant

then i saw it was a trapezoid or a quadrilateral

d) by the cross product property, ab^2 = bc multiplied by ad

step-by-step explanation:

we are given

in the given triangle abc

angle a is 90° and segment ad is perpendicular to segment bc

we can see that

triangle(abc) and triangle(abd) are similar because they have common side and same angle (90 degree)

so, triangles(abc) and abd are similar

since, they are similar

so, the ratio of their sides must be equal

we get

now, we can cross multiply

and we get

so, this could be step to prove it