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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.
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A rescue and ?re squad places a 15 ft ladder against a burning building. If the ladder is 9 ft from the base of the building, how far up the building will the ladder reach? a. 8
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If two vertices of an equilateral triangle are (0, 0) and (3, 0), find the third vertex. [Ans: 3/2 , 3/√ 3/2 or 3/2, -3√ 3/2] Ans: OA = OB = AB OA 2 = OB 2 = AB 2
Describe Simplifying Fractions with example? When a fraction cannot be reduced any further, the fraction is in its simplest form. To reduce a fraction to its simplest form, div
Tests for an Ideal Index Number 1. Factor Reversal Test Factor Reversal Test indicates that when the price index is multiplied along with a quantity index that is factors
Cory purchased a frying pan which was on sale for 30% off. She saved $3.75 along with the sale. What was the original price of the frying pan? Use a proportion to ?nd out the o
Business Applications In this section let's take a look at some applications of derivatives in the business world. For the most of the part these are actually applications wh
Proof of Sum/Difference of Two Functions : (f(x) + g(x))′ = f ′(x) + g ′(x) It is easy adequate to prove by using the definition of the derivative. We will start wi
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