CALCULUS W/SAPLING ACCESS >IC<

4th Edition

ISBN: 9781319323394

Author: Rogawski

Publisher: MAC HIGHER

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Question

Chapter 10.2, Problem 19E

To determine

To find: (i) The balance in the annuity after 10 years.

(ii) The year when the annuity run out of funds.

To determine

To prove:A continuous annuity with withdrawal rate N=$5000/year and interest rate r=8% is funded by an initial deposit of P0=$75,000 , never runs out of money.

To determine

To find:The minimum initial deposit P0 that will allow an annuity to pay out $6000/year indefinitely if it earns interest at a rate of 5% .

To determine

To find: The minimum initial deposit P0 necessary to fund an annuity for 20 years if withdrawals area made at a rate of $10,000/year indefinitely if it earns interest at a rate of 7% .

To determine

To find: The minimum initial deposit rate the annuity must earn to allow withdrawals at a rate of 8000 euros/year to continue indefinitely.

To determine

To show: A continuous annuity never runs out of money if the initial balance is greater than or equal to Nr , where N is the withdrawal rate and r is the interest rate.

Expert Solution & Answer

Chapter 10 Solutions

CALCULUS W/SAPLING ACCESS >IC<

Ch. 10.1 - Prob. 1PQ Ch. 10.1 - Prob. 2PQ Ch. 10.1 - Prob. 3PQ Ch. 10.1 - Prob. 4PQ Ch. 10.1 - Prob. 1E Ch. 10.1 - Prob. 2E Ch. 10.1 - Prob. 3E Ch. 10.1 - Prob. 4E Ch. 10.1 - Prob. 5E Ch. 10.1 - Prob. 6E

Ch. 10.1 - Prob. 7E Ch. 10.1 - Prob. 8E Ch. 10.1 - Prob. 9E Ch. 10.1 - Prob. 10E Ch. 10.1 - Prob. 11E Ch. 10.1 - Prob. 12E Ch. 10.1 - Prob. 13E Ch. 10.1 - Prob. 14E Ch. 10.1 - Prob. 15E Ch. 10.1 - Prob. 16E Ch. 10.1 - Prob. 17E Ch. 10.1 - Prob. 18E Ch. 10.1 - Prob. 19E Ch. 10.1 - Prob. 20E Ch. 10.1 - Prob. 21E Ch. 10.1 - Prob. 22E Ch. 10.1 - Prob. 23E Ch. 10.1 - Prob. 24E Ch. 10.1 - Prob. 25E Ch. 10.1 - Prob. 26E Ch. 10.1 - Prob. 27E Ch. 10.1 - Prob. 28E Ch. 10.1 - Prob. 29E Ch. 10.1 - Prob. 30E Ch. 10.1 - Prob. 31E Ch. 10.1 - Prob. 32E Ch. 10.1 - Prob. 33E Ch. 10.1 - Prob. 34E Ch. 10.1 - Prob. 35E Ch. 10.1 - Prob. 36E Ch. 10.1 - Prob. 37E Ch. 10.1 - Prob. 38E Ch. 10.1 - Prob. 39E Ch. 10.1 - Prob. 40E Ch. 10.1 - Prob. 41E Ch. 10.1 - Prob. 42E Ch. 10.1 - Prob. 43E Ch. 10.1 - Prob. 44E Ch. 10.1 - Prob. 45E Ch. 10.1 - Prob. 46E Ch. 10.1 - Prob. 47E Ch. 10.1 - Prob. 48E Ch. 10.1 - Prob. 49E Ch. 10.1 - Prob. 50E Ch. 10.1 - Prob. 51E Ch. 10.1 - Prob. 52E Ch. 10.1 - Prob. 53E Ch. 10.1 - Prob. 54E Ch. 10.1 - Prob. 55E Ch. 10.1 - Prob. 56E Ch. 10.1 - Prob. 57E Ch. 10.1 - Prob. 58E Ch. 10.1 - Prob. 59E Ch. 10.1 - Prob. 60E Ch. 10.1 - Prob. 61E Ch. 10.1 - Prob. 62E Ch. 10.1 - Prob. 63E Ch. 10.1 - Prob. 64E Ch. 10.1 - Prob. 65E Ch. 10.1 - Prob. 66E Ch. 10.1 - Prob. 67E Ch. 10.1 - Prob. 68E Ch. 10.1 - Prob. 69E Ch. 10.1 - Prob. 70E Ch. 10.1 - Prob. 71E Ch. 10.2 - Prob. 1PQ Ch. 10.2 - Prob. 2PQ Ch. 10.2 - Prob. 3PQ Ch. 10.2 - Prob. 4PQ Ch. 10.2 - Prob. 1E Ch. 10.2 - Prob. 2E Ch. 10.2 - Prob. 3E Ch. 10.2 - Prob. 4E Ch. 10.2 - Prob. 5E Ch. 10.2 - Prob. 6E Ch. 10.2 - Prob. 7E Ch. 10.2 - Prob. 8E Ch. 10.2 - Prob. 9E Ch. 10.2 - Prob. 10E Ch. 10.2 - Prob. 11E Ch. 10.2 - Prob. 12E Ch. 10.2 - Prob. 13E Ch. 10.2 - Prob. 14E Ch. 10.2 - Prob. 15E Ch. 10.2 - Prob. 16E Ch. 10.2 - Prob. 17E Ch. 10.2 - Prob. 18E Ch. 10.2 - Prob. 19E Ch. 10.2 - Prob. 20E Ch. 10.2 - Prob. 21E Ch. 10.2 - Prob. 22E Ch. 10.2 - Prob. 23E Ch. 10.2 - Prob. 24E Ch. 10.2 - Prob. 25E Ch. 10.2 - Prob. 26E Ch. 10.3 - Prob. 1PQ Ch. 10.3 - Prob. 2PQ Ch. 10.3 - Prob. 3PQ Ch. 10.3 - Prob. 4PQ Ch. 10.3 - Prob. 1E Ch. 10.3 - Prob. 2E Ch. 10.3 - Prob. 3E Ch. 10.3 - Prob. 4E Ch. 10.3 - Prob. 5E Ch. 10.3 - Prob. 6E Ch. 10.3 - Prob. 7E Ch. 10.3 - Prob. 8E Ch. 10.3 - Prob. 9E Ch. 10.3 - Prob. 10E Ch. 10.3 - Prob. 11E Ch. 10.3 - Prob. 12E Ch. 10.3 - Prob. 13E Ch. 10.3 - Prob. 14E Ch. 10.3 - Prob. 15E Ch. 10.3 - Prob. 16E Ch. 10.3 - Prob. 17E Ch. 10.3 - Prob. 18E Ch. 10.3 - Prob. 19E Ch. 10.3 - Prob. 20E Ch. 10.3 - Prob. 21E Ch. 10.3 - Prob. 22E Ch. 10.3 - Prob. 23E Ch. 10.3 - Prob. 24E Ch. 10.3 - Prob. 25E Ch. 10.3 - Prob. 26E Ch. 10.3 - Prob. 27E Ch. 10.3 - Prob. 28E Ch. 10.3 - Prob. 29E Ch. 10.4 - Prob. 1PQ Ch. 10.4 - Prob. 2PQ Ch. 10.4 - Prob. 3PQ Ch. 10.4 - Prob. 1E Ch. 10.4 - Prob. 2E Ch. 10.4 - Prob. 3E Ch. 10.4 - Prob. 4E Ch. 10.4 - Prob. 5E Ch. 10.4 - Prob. 6E Ch. 10.4 - Prob. 7E Ch. 10.4 - Prob. 8E Ch. 10.4 - Prob. 9E Ch. 10.4 - Prob. 10E Ch. 10.4 - Prob. 11E Ch. 10.4 - Prob. 12E Ch. 10.4 - Prob. 13E Ch. 10.4 - Prob. 14E Ch. 10.4 - Prob. 15E Ch. 10.4 - Prob. 16E Ch. 10.4 - Prob. 17E Ch. 10.4 - Prob. 18E Ch. 10.5 - Prob. 1PQ Ch. 10.5 - Prob. 2PQ Ch. 10.5 - Prob. 3PQ Ch. 10.5 - Prob. 4PQ Ch. 10.5 - Prob. 1E Ch. 10.5 - Prob. 2E Ch. 10.5 - Prob. 3E Ch. 10.5 - Prob. 4E Ch. 10.5 - Prob. 5E Ch. 10.5 - Prob. 6E Ch. 10.5 - Prob. 7E Ch. 10.5 - Prob. 8E Ch. 10.5 - Prob. 9E Ch. 10.5 - Prob. 10E Ch. 10.5 - Prob. 11E Ch. 10.5 - Prob. 12E Ch. 10.5 - Prob. 13E Ch. 10.5 - Prob. 14E Ch. 10.5 - Prob. 15E Ch. 10.5 - Prob. 16E Ch. 10.5 - Prob. 17E Ch. 10.5 - Prob. 18E Ch. 10.5 - Prob. 19E Ch. 10.5 - Prob. 20E Ch. 10.5 - Prob. 21E Ch. 10.5 - Prob. 22E Ch. 10.5 - Prob. 23E Ch. 10.5 - Prob. 24E Ch. 10.5 - Prob. 25E Ch. 10.5 - Prob. 26E Ch. 10.5 - Prob. 27E Ch. 10.5 - Prob. 28E Ch. 10.5 - Prob. 29E Ch. 10.5 - Prob. 30E Ch. 10.5 - Prob. 31E Ch. 10.5 - Prob. 32E Ch. 10.5 - Prob. 33E Ch. 10.5 - Prob. 34E Ch. 10.5 - Prob. 35E Ch. 10.5 - Prob. 36E Ch. 10.5 - Prob. 37E Ch. 10.5 - Prob. 38E Ch. 10.5 - Prob. 39E Ch. 10.5 - Prob. 40E Ch. 10.5 - Prob. 41E Ch. 10.5 - Prob. 42E Ch. 10.5 - Prob. 43E Ch. 10.5 - Prob. 44E Ch. 10.5 - Prob. 45E Ch. 10.5 - Prob. 46E Ch. 10.5 - Prob. 47E Ch. 10.5 - Prob. 48E Ch. 10.5 - Prob. 49E Ch. 10 - Prob. 1CRE Ch. 10 - Prob. 2CRE Ch. 10 - Prob. 3CRE Ch. 10 - Prob. 4CRE Ch. 10 - Prob. 5CRE Ch. 10 - Prob. 6CRE Ch. 10 - Prob. 7CRE Ch. 10 - Prob. 8CRE Ch. 10 - Prob. 9CRE Ch. 10 - Prob. 10CRE Ch. 10 - Prob. 11CRE Ch. 10 - Prob. 12CRE Ch. 10 - Prob. 13CRE Ch. 10 - Prob. 14CRE Ch. 10 - Prob. 15CRE Ch. 10 - Prob. 16CRE Ch. 10 - Prob. 17CRE Ch. 10 - Prob. 18CRE Ch. 10 - Prob. 19CRE Ch. 10 - Prob. 20CRE Ch. 10 - Prob. 21CRE Ch. 10 - Prob. 22CRE Ch. 10 - Prob. 23CRE Ch. 10 - Prob. 24CRE Ch. 10 - Prob. 25CRE Ch. 10 - Prob. 26CRE Ch. 10 - Prob. 27CRE Ch. 10 - Prob. 28CRE Ch. 10 - Prob. 29CRE Ch. 10 - Prob. 30CRE Ch. 10 - Prob. 31CRE Ch. 10 - Prob. 32CRE Ch. 10 - Prob. 33CRE Ch. 10 - Prob. 34CRE Ch. 10 - Prob. 35CRE Ch. 10 - Prob. 36CRE Ch. 10 - Prob. 37CRE Ch. 10 - Prob. 38CRE Ch. 10 - Prob. 39CRE Ch. 10 - Prob. 40CRE Ch. 10 - Prob. 41CRE Ch. 10 - Prob. 42CRE Ch. 10 - Prob. 43CRE Ch. 10 - Prob. 44CRE Ch. 10 - Prob. 45CRE Ch. 10 - Prob. 46CRE Ch. 10 - Prob. 47CRE Ch. 10 - Prob. 48CRE Ch. 10 - Prob. 49CRE Ch. 10 - Prob. 50CRE Ch. 10 - Prob. 51CRE Ch. 10 - Prob. 52CRE

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(i) The balance in the annuity after 10 years. (ii) The year when the annuity run out of funds.

Solution Summary: The author calculates the balance in the annuity after 10 years and the year when it runs out of funds.

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To find: (i) The balance in the annuity after 10 years. (ii) The year when the annuity run out of funds.

To prove:A continuous annuity with withdrawal rate N=$5000/year and interest rate r=8% is funded by an initial deposit of P0=$75,000 , never runs out of money.

To find:The minimum initial deposit P0 that will allow an annuity to pay out $6000/year indefinitely if it earns interest at a rate of 5% .

To find: The minimum initial deposit P0 necessary to fund an annuity for 20 years if withdrawals area made at a rate of $10,000/year indefinitely if it earns interest at a rate of 7% .

To find: The minimum initial deposit rate the annuity must earn to allow withdrawals at a rate of 8000 euros/year to continue indefinitely.

To show: A continuous annuity never runs out of money if the initial balance is greater than or equal to Nr , where N is the withdrawal rate and r is the interest rate.

Chapter 10 Solutions

To find: (i) The balance in the annuity after 10 years.

(ii) The year when the annuity run out of funds.