subject
Mathematics, 09.12.2021 23:00 dndndndnxmnc

You want to be able to withdraw $30,000 from your account each year for 15 years after you retire. If you expect to retire in 25 years and your account earns 6.4% interest while saving for retirement and 5.6% interest while retired: Round your answers to the nearest cent as needed.

a) How much will you need to have when you retire?
$ 448,704.35 (correct answer)

b) How much will you need to deposit each month until retirement to achieve your retirement goals?

c) How much did you deposit into you retirement account?

d) How much did you receive in payments during retirement?

e) How much of the money you received was interest?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 20:30
Two triangles can be formed with the given information. use the law of sines to solve the triangles. b = 49°, a = 16, b = 14
Answers: 3
question
Mathematics, 21.06.2019 21:30
Jude is making cement for a driveway. the instructions show the amount of each ingredient to make 1 batch of cement. complete each statement to adjust the ingredients for each new situation if jude uses these instructions.
Answers: 3
question
Mathematics, 21.06.2019 22:00
Arefrigeration system at your company uses temperature sensors fixed to read celsius (°c) values, but the system operators in your control room understand only the fahrenheit scale. you have been asked to make a fahrenheit (°f) label for the high temperature alarm, which is set to ring whenever the system temperature rises above –10°c. what fahrenheit value should you write on the label?
Answers: 3
question
Mathematics, 21.06.2019 23:00
I'm at a bookstore with $\$35$ in my pocket and a $20\%$-off coupon. what is the cost of the most expensive book i can buy with my money and the coupon? (assume that there are books of every possible price in the bookstore. it's a large bookstore! )
Answers: 1
You know the right answer?
You want to be able to withdraw $30,000 from your account each year for 15 years after you retire. I...
Questions
question
Mathematics, 22.08.2019 07:10
question
Mathematics, 22.08.2019 07:10
question
Mathematics, 22.08.2019 07:10
Questions on the website: 13722362