Question
You want to withdraw $30,000 each year for 25 years. Your account earns 8% interest. a. How much do you need in your account to
You want to withdraw $30,000 each year for 25 years. Your account earns 8% interest.
a. How much do you need in your account to reach your financial goal. Round your answer to nearest pay.
b. How much total will you pull out over the course of 25 years.
c. How much of that money is interest.
PLEASE SHOW FORMULAS, IM SO CONFUSED
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Financial Times Handbook Of Corporate Finance A Business Companion To Financial Markets Decisions And Techniques
Authors: Glen Arnold
2nd Edition
0273726560, 978-0273726562
