Mathematics, 01.03.2021 03:00 JN02
When you finally retire, you want to be able to draw from an account an annual salary of $100,000 for 20 years. Approximately how much should be in your account that has an APR of 5% when you retire, such that you can draw an annual salary of $100,000? Assume an ordinary annuity. (ANSWER FOR FREE POINTS AND U WILL BE REPORTED)
Answers: 3
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