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%?

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