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Dr. Hillary Street began making contributions to a new retirement account on her 25th birthday. She made a contribution of $600 on her birthday each
Dr. Hillary Street began making contributions to a new retirement account on her 25th birthday. She made a contribution of $600 on her birthday each year through to her 66th birthday. If her account earned an annual effective interest rate of 7.2%, then her balance at age 67 is 156,718 to the nearest dollar. Find the balance to the nearest cent. Number Starting at age 67 and continuing through her 75th birthday, she made a level withdrawal on her birthday. Find the amount of these withdrawals if they completely exhaust the balance in her account, and the annual effective interest rate is 7.2% until she is 67, then 4.6% thereafter. The answer to the nearest dollar is $20,705, find the answer to the nearest cent. Number
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