You and your wife are making plans for retirement. you plan on living 30 years after you retire and would like to have $75,000 annually on which to live. your first withdrawal will be made one year after you retire and you anticipate that your retirement account will earn 10% annually. what amount do you need in your retirement account the day you retire? round your answer to the nearest cent.

The amount needed in the retirement account is $707,025.

Explanation:

This problem is a case of annuity.

They plan to withdraw $ 75,000 annually from the end of the first year of retirement.

The formula that relates capital in the account to annual withdrawals is

answer; the above statement/question is ( true);

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.