You want to be able to withdraw $45,000 each year for 30 years. Your account carns 10% interest. a) How much do you need
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
You want to be able to withdraw $45,000 each year for 30 years. Your account carns 10% interest. a) How much do you need
You want to be able to withdraw $45,000 each year for 30 years. Your account carns 10% interest. a) How much do you need in your account at the beginning? b) How much total money will you pull out of the account? c) How much of that money is interest?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!