James would like to take a 4-year sabbatical from work. In order to live over that period he would need to withdraw $450

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answerhappygod
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James would like to take a 4-year sabbatical from work. In order to live over that period he would need to withdraw $450

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James would like to take a 4-year sabbatical from work. In order
to live over that period he would need to withdraw $45000 at the
end of every year. How much money must James have in the bank in
order to take his sabbatical? assume an interest rate of 3%
compounded annually. please round your answer to the nearest
penny.
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