Wednesday
April 16, 2014

Homework Help: maths

Posted by colin on Wednesday, July 18, 2012 at 1:25am.

How much money will I need to have at retirement so I can withdraw $60,000 a year
for 20 years from an account earning 8% compounded annually?
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?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

maths urgent - 1/5 of J's money is equal to 1/3 of S's money. The difference in ...
MATHS - Judy is given some money to buy files. If she buys 5 files, she will ...
MATHS - Edward has $40 more thanFariq. If Edward gives 1/5 of his money to Fariq...
Maths - Edward has $40 more thanFariq. If Edward gives 1/5 of his money to Fariq...
maths - Edward has $40 more thanFariq. If Edward gives 1/5 of his money to Fariq...
maths - Edward has $40 more thanFariq. If Edward gives 1/5 of his money to Fariq...
Maths - Con has twice as much money as Fiona. If Fiona earns an extra $15, Con ...
maths - 1/5 of Jane's money is equal to 1/3 of Sam's money. The difference in ...
Algebra - Sara has twice as much money as Miguel. If she had $6 more. She would ...
maths - Peter had 3/4 as much money as James at first. After receiving $12 each...

Search
Members