Mathematics, 09.12.2021 23:00 dndndndnxmnc
You want to be able to withdraw $30,000 from your account each year for 15 years after you retire. If you expect to retire in 25 years and your account earns 6.4% interest while saving for retirement and 5.6% interest while retired:
Round your answers to the nearest cent as needed.
a) How much will you need to have when you retire?
$ 448,704.35 (correct answer)
b) How much will you need to deposit each month until retirement to achieve your retirement goals?
c) How much did you deposit into you retirement account?
d) How much did you receive in payments during retirement?
e) How much of the money you received was interest?
Answers: 3
Another question on Mathematics
Mathematics, 21.06.2019 18:10
Television sizes are based on the length of the diagonal of the television's rectangular screen. so, for example, a 70-inch television is a television having a diagonal screen length of 70 inches. if a 70 inch television's diagonal forms a 29°angle with the base of the screen, what is the vertical height (1) of the screen to the nearest inch? 70 inhin
Answers: 3
Mathematics, 21.06.2019 19:30
If the ratio of sum of the first m and n terms of an ap is m2 : n2 , show that the ratio of its mth and nth terms is (2m − 1) : (2n − 1).
Answers: 1
Mathematics, 21.06.2019 23:30
Find │7│. a. 1 over 7 b. –7 c. 7 asap i always mark brailiest who me so
Answers: 1
Mathematics, 22.06.2019 00:30
Triangle abc has side lengths: ab = 3.5 cm, bc = 2.4 cm, and ac = 4.2 cmδabc ≅ δhjkwhat is the length of side hj?
Answers: 1
You know the right answer?
You want to be able to withdraw $30,000 from your account each year for 15 years after you retire. I...
Questions
Mathematics, 24.04.2021 07:40
Biology, 24.04.2021 07:40
Mathematics, 24.04.2021 07:40
History, 24.04.2021 07:40
Mathematics, 24.04.2021 07:40
Geography, 24.04.2021 07:40
Biology, 24.04.2021 07:40
Mathematics, 24.04.2021 07:50
