Monday
March 30, 2015

Homework Help: finance

Posted by Anonymous on Sunday, April 3, 2011 at 11:33am.

A 45-year-old woman decides to put funds into a retirement plan. She can save $2,000 a year and earn 9 percent on this savings. How much will she have accumulated if she retires at age 65. At retirement how much can she withdraw each year for 20 years from the accumulated savings if the savings continue to earn 9%?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

business finance - Your client is 40 years old, and she wants to begin saving ...
Finance - Your client is 40 years old and she wants to begin saving for ...
finance - You wish to retire in 12 years and currently have $50,000 in a savings...
Finance - You wish to retire in 12 years and currently have $50,000 in a savings...
Finance - Jacqueline Strauss, a 25- year- old personal loan officer at Second ...
Finance - You are now 30 years old. You plan to retire in 30 years, and expect ...
math - interest rates/annuity - Plan to save $5000 per year for retirement with ...
math - 3. (TCO A) The following questions are worth 5 points each. Please show ...
Math: Finance - Need help solving these finance questions? PV = C/r PV= C/r-g P...
math - . Jacqueline Strauss, a 25- year- old personal loan officer at Second ...

Members