You want to be able to withdraw $40,000 each year for 15 years. Your account earns 6% interest. a) How much do you need in your account at the beginning? $ b) How much total money will you pull out of...


You want to be able to withdraw $40,000 each year for 15 years. Your account earns 6% 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?


$



Jun 04, 2022
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