Business, 16.11.2019 03:31 libbymcvay
Bob makes his first $ 800 deposit into an ira earning 7.4 % compounded annually on his 24th birthday and his last $ 800 deposit on his 39th birthday (16 equal deposits in all). with no additional deposits, the money in the ira continues to earn 7.4 % interest compounded annually until bob retires on his 65th birthday. how much is in the ira when bob retires?
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Business, 22.06.2019 19:50
Our uncle has $300,000 invested at 7.5%, and he now wants to retire. he wants to withdraw $35,000 at the end of each year, starting at the end of this year. he also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. for how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? a. 14.21b. 14.96c. 15.71d. 16.49e. 17.32
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Bob makes his first $ 800 deposit into an ira earning 7.4 % compounded annually on his 24th birthday...
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