Question: Select the formula you need to use to solve this problem: When she retires, Cara wants to be able to withdraw $4,000 each month from

Select the formula you need to use to solve this problem:

Select the formula you need to use to solve this problem: When she retires, Cara wants to be able to withdraw $4,000 each month from her retirement account. If Cara wants to live off of her retirement income for 30 years, how much does she need to have in her account when she retires if the account earns 4.5% interest? Loans formula Annuity formula Compound interest Payout annuity formula Simple interest, A=P(1+rt) Simple interest, I = Prt

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