Question

Laura retired from her job recently, and she has saved about $377,957.00 over the course of her career. She plans to withdraw $1,358.00 each month to pay for living expenses. After a certain amount of time, the balance in Laura's account is $345,365.00. How many months have passed since Laura retired?
@sammixboo

Answer 1

Okie dokie so the equation we have is this

\(\large \rm \color{#20bd23}{377,957~-~1,358m~=~345,365}\)

We must first, add \(\rm \color{#20bd23}{377,957}\) on both sides of the equation...

\(\large \rm \color{#20bd23}{1,358m~=~\color{red}{345,365~+~377,957}}\)

Can you tell me what is \(\rm \color{red}{345,365~+~377,957}\)

Answer 2

723322

Answer 3

Yes, it is \(\rm \color{#20bd23}{723,322}\), so now plug in \(\rm \color{#20bd23}{723,322}\) where \(\rm \color{red}{345,365~+~377,957}\) was in the equation

\(\large \rm \color{#20bd23}{1,358m~=~723,322}\)

Now we divide \(\rm \color{#20bd23}{1,358}\) on both sides of the equation

\(\large \rm \color{red}{\frac{1,358m}{1,358}~=~\frac{723,322}{1,358}}\)

\(\large \rm \color{#20bd23}{m~=~\color{red}{\frac{723,322}{1,358}}}\)

Answer 4

So what is \(\rm \color{#20bd23}{723,322\div 1,358}\)

Answer 5

532

Answer 6

Hold on a second let me check something

Answer 7

Blah I am confusing myself maybe @sangya21 can help <_>

Answer 8

I know the answer is 23-24 months, but I totally did the problem wrong, and I am not sure what I did. I am fixing to fall asleep as well

Answer 9

\[$377,957.00 = ($1,358.00*m) + $345,365.00\]
m = no. of months
\[$377,957.00 - $345,365.00 = ($1,358.00*m) \]
\[($377,957.00 - $345,365.00) /($1,358.00) = m \]

Answer 10

OOOH I see what I did :P

Anyways, night! I am going to bed

Answer 11

I did the starting equation wrong