Mathematics, 10.12.2020 21:00 thomascoop85

You want to be able to withdraw $45,000 each year for 20 years. Your account earns 7% 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?

Answers: 3

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More questions: Mathematics Another questions

You want to be able to withdraw $45,000 each year for 20 years. Your account earns 7% 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?

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Other questions on the subject: Mathematics

Questions in other subjects:

You want to be able to withdraw $45,000 each year for 20 years. Your account earns 7% 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?