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I need help with both questions please You are 65 years old and about to retire. You have $100,000 saved in a retirement account and
I need help with both questions please
You are 65 years old and about to retire. You have $100,000 saved in a retirement account and would like to withdraw it in equal annual amounts so that nothing is let after 8 years. How much can you withdraw each year if the account earns 5% interest each year? Your Answer: Answer Question 19 (0.15 points) You want to borrow $28,000 to buy a new car. Your annual interest rate is 3.2% over 8 years with monthly payments. Calculate your monthly payment Step by Step Solution
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