subject
Mathematics, 10.12.2020 21:10 MengXiong1

You want to be able to withdraw $40,000 each year for 30 years. Your account earns 5% 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?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 19:00
Ab based on the given diagram, if m_1 = 60Β° then m 2 = 30 60 90 180
Answers: 1
question
Mathematics, 22.06.2019 01:10
Do xuan nam isgoing to invest $1000 at a simple interest rate of 4% how long will it take for the investment to be worth $1040?
Answers: 1
question
Mathematics, 22.06.2019 01:30
Jon’s weight loss for each week of the month is 5 lbs., 2.5 lbs., and 2.5 lbs. he gained 3.5 lbs. the last week. if jon originally weighed 198 lbs., how much does he weigh now?
Answers: 1
question
Mathematics, 22.06.2019 01:40
Which of these statements is correct? the system of linear equations 6x - 5y = 8 and 12x - 10y = 16 has no solution. the system of linear equations 7x + 2y = 6 and 14x + 4y = 16 has an infinite number of solutions. the system of linear equations 8x - 3y = 10 and 16x - 6y = 22 has no solution. the system of linear equations 9x + 6y = 14 and 18x + 12y = 26 has an infinite number of solutions.
Answers: 2
You know the right answer?
You want to be able to withdraw $40,000 each year for 30 years. Your account earns 5% interest. a)...
Questions
question
Mathematics, 25.01.2022 02:00
question
Computers and Technology, 25.01.2022 02:00
question
Mathematics, 25.01.2022 02:00
Questions on the website: 13722367