You want to be able to withdraw $40,000 each year for 25 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...

You want to be able to withdraw $40,000 each year for 25 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?


$