Question: As soon as you started working, you started a retirement account. (Good thinking!) When you retire, you want to be able to withdraw $2,300 each
As soon as you started working, you started a retirement account. (Good thinking!) When you retire, you want to be able to withdraw $2,300 each month for 30 years. Your account earns 6% annual interest compounded monthly. a) How much do you need in your account at the beginning of your retirement? S b) How much total money will you pull out of the account? $ 13851.92 c) How much of that money will be interest
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