SOLUTION: I can't believe I don't remember this! If $539,000 invested will generate $48,500 a year how much will $914,000 generate if all else is constant? Please show equation. Vance

Question 261429: I can't believe I don't remember this!
If $539,000 invested will generate $48,500 a year
how much will $914,000 generate if all else is constant?
Please show equation.
Vance
Found 2 solutions by stanbon, drk:
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
If $539,000 invested will generate $48,500 a year
how much will $914,000 generate if all else is constant?
Please show equation.
------------------------------------
Proportion:
x/914,000 = 48,500/539,000
---
x = (914,000)[0.08998]
---
x = $82,243.04
===================
Cheers,
Stan H.
Answer by drk(1908) (Show Source): You can put this solution on YOUR website!
we have the following proportion:

cross multiply to get

canceling zero's we get

dividing, we get

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