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Mathematics, 29.01.2020 07:01 urieforlife

Sarah is 27 years old and is retiring at the age of 65. when she retires, she estimates that she will need a semiannual income for 20 years. if sarah contributes 9% of her semiannual income of $18,567.11 to a 401(k) paying 6.1% compounded semiannually, approximately what semiannual income will she be able to draw? (hint: find the future value of her investment prior to retirement and use that amount as her investment amount upon retirement)

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