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On August 1, 1958, first-class postage for a 1-ounce envelope was 4¢. On August 1, 2007,...

On August 1, 1958, first-class postage for a 1-ounce envelope was 4¢. On August 1, 2007, a first-class stamp for the same envelope cost 41.¢ (What is the cash flow digram)what was the annual compound increase in the cost of first-class postage during the 49-year period?


You decide to open an IRS-approved retirement account at your local brokerage firm. Your best estimate is that it will earn 9 percent. At the end of each year for the next 25 years, you will deposit $4,000 per year into the account. Three years after the last deposit, you will begin making annual withdrawals. If you want to make 30 annual withdrawals, what amount will you be able to withdraw each year? (What is cash flow digram )

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Kwer- ten Dota! ust.clas postage hr t I-bune enelpe the lame Or august 2,2007, arst clasm Sa ento envelope Cost 4t . Aleco 스(+ 1:0484-1+ 00486Goon 가ar time 25 yoar 4,000 per ynar annual tot drau, 30 annua! chere, R Ye ler Ohere able to arthdrau) each year?,/wedant-ko mate 3。 amual uthdraax0.o9 3, 38, 803.58 Lle have theree, omount 쉬 mono inthe account 1 year f3,38, 8o358(10.)) l $チ,02,532.53 2 소ynar before the 9,t«Je Want to make 30 annual 쳐 bothdrauaa. のニ 30 yaaグfaeor AJe have ) 14,02,532. 53 | 으.09(Ho- the aent ve be able to huthcrauDal each year le dont to make 30 annual thfraday 39,181.047

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