Register

You want to be able to withdraw $25,000 each year for 30 years. Your account earns 8% interest. a) How much do you need in your account at the beginning? b) How much total money…

You want to be able to withdraw $25,000 each year for 30 years. Your account earns 8% interest. a) How much do you need in your account at the beginning? b) How much total money…
101k views
4 votes
You want to be able to withdraw $25,000 each year for 30 years. Your account earns 8% 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?

User Eiran
by
8.1k points

1 Answer

3 votes

Answer:

600

Explanation:

User Adriel Jr
by
8.8k points
← Prev Question Next Question →

No related questions found

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

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!