Sarah is 27 years old and is retiring at the age of 65. when she retires, she estimates that she will need a semiannual income for 20 years. if sarah contributes 9% of her semiannual income of $18,567.11 to a 401(k) paying 6.1% compounded semiannually, approximately what semiannual income will she be able to draw?

step-by-step explanation:

if you want to separate 54 into 6 individual tiers then you need to divide if you want to separate 54 into 6 individual tiers then you need to divide 6 and 54.

if you divide 9 by 6 you will get 54.

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answer:

at time x=0 we have 1000, at time x=1 we have 2000, at time x=2 we have 4000.  

so that's an initial value of 1000 and a ratio of 2,

y = 1000 (2^x)

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