Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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After retiring, Amina wants to be able to withdraw $30,500.00 every year from her account for 25 years. Her account earns 9% interest compounded annually.
How much does Amina need in her account when she retires?
How much does Amina need in her account when she retires?
- Amina needs$________ in her account when she retires.
- In total, Amina will pull out $________ from her account.
- The amount of money that is interest is$________ .
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