menu
Qammunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
Suppose you accumulated $500,000, perhaps from many years of saving. You put the money in a savings plan earning 6% compounded monthly. If you want the plan to last 40 years, ho…
Ask a Question
Questions
Unanswered
Tags
Ask a Question
Suppose you accumulated $500,000, perhaps from many years of saving. You put the money in a savings plan earning 6% compounded monthly. If you want the plan to last 40 years, ho…
asked
Mar 20, 2019
202k
views
3
votes
Suppose you accumulated $500,000, perhaps from many years of saving. You put the money in a savings plan earning 6% compounded monthly. If you want the plan to last 40 years, how much can you withdraw at the beginning of each month?
Mathematics
college
Amirhosein
asked
by
Amirhosein
7.7k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
3
votes
A number of calculators and stand-alone apps are available for doing these problems. Here's the result of using my TI-83/84 financial app.
You can withdraw $2737.38 at the beginning of each month for 40 years.
Pedrozath
answered
Mar 23, 2019
by
Pedrozath
8.1k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
Jul 13, 2019
26.5k
views
Suppose you accumulated $500,000, perhaps from many years of saving. You put the money in a savings plan earning 6% compounded monthly. If you want to withdraw $4,000 at the beginning of each month, how
David Cummins
asked
Jul 13, 2019
by
David Cummins
8.0k
points
Mathematics
college
1
answer
1
vote
26.5k
views
asked
Jun 15, 2019
226k
views
Suppose you accumulated $500,000, perhaps from many years of saving. You put the money in a savings plan earning 6% compounded monthly. If you want to live off the interest without disturbing the $500,
Simcha
asked
Jun 15, 2019
by
Simcha
8.7k
points
Mathematics
college
1
answer
2
votes
226k
views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.4m
questions
12.2m
answers
Categories
All categories
Mathematics
(3.7m)
History
(955k)
English
(903k)
Biology
(716k)
Chemistry
(440k)
Physics
(405k)
Social Studies
(564k)
Advanced Placement
(27.5k)
SAT
(19.1k)
Geography
(146k)
Health
(283k)
Arts
(107k)
Business
(468k)
Computers & Tech
(195k)
French
(33.9k)
German
(4.9k)
Spanish
(174k)
Medicine
(125k)
Law
(53.4k)
Engineering
(74.2k)
Other Questions
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement how thick must the cement be to cover field
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qammunity.org