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15. You want to be able to withdraw $30,000 each year for 25 years. Your account ear 8% interest. a. How much do you need
15. You want to be able to withdraw $30,000 each year for 25 years. Your account ear 8% interest. 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? Try it Now 3 A donor gives $100,000 to a university, and specifies that it is to be used to give annual scholarships for the next 20 years. If the university can earn 4% interest, how much can they give in scholarships each year
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