Question: At 8 percent interest, how long does it take to double your money? (Do not round intermediate calculations and round your answer to 2 decimal

 At 8 percent interest, how long does it take to double
your money? (Do not round intermediate calculations and round your answer to

At 8 percent interest, how long does it take to double your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Length of time 12.50 years At 8 percent interest, how long does it take to quadruple your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Length of time years MacBook Pro You just retired and the portfolio is worth $2,262,511.29. Assume the retirement account earns 7 percent per year, your plan is to withdrawl an equal amount from this account at the end of each year for the next 21 years and then have nothing left. How much can you withdraw each year? Do not roun intermediate calculations and round your final answer to 2 decimal places. Enter values as 32.16, no dollar sign, no comma separator

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!