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Carol Garcia has $195,000 to invest. She wants to be able to withdraw $16,770 every year forever without using up any of her principal. What
Carol Garcia has
$195,000 to invest. She wants to be able to withdraw
$16,770 every year forever without using up any of her principal. What interest rate would her investment have to earn in order for her to be able to do so? (Round answer to 2 decimal places, e.g.
15.25%.)\ Interest rate
Carol Garcia has $195,000 to invest. She wants to be able to withdraw $16,770 every year forever without using up any of her principal. What interest rate would her investment have to earn in order for her to be able to do so? (Round answer to 2 decimal places, e.g. 15.25%.) Interest rate %
Carol Garcia has
$195,000to invest. She wants to be able to withdraw
$16,770every year forever without using up any of her principal. What interest rate would her investment have to earn in order for her to be able to do so? (Round answer to 2 decimal places, e.g.
15.25%.)\ Interest rate
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