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You need to make annual withdrawals of $24,000 at the end of each year for the next 9 years. How much money must you have
You need to make annual withdrawals of $24,000 at the end of each year for the next 9 years. How much money must you have in the account today? The account pays 2.9% interest. Round to the nearest dollar.
You have a total savings goal of $393,000. If you save $30,000 per year and earn 5.6% on your savings, how long will it take to reach your goal? Answer in years, rounded to one decimal place.
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