Essentials Of Investments
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?
    Amina needs$________ in her account when she retires.
How much total money will Amina pull out of her account?
    In total, Amina will pull out $________ from her account. 
How much of that money is interest?
    The amount of money that is interest is$________ . 

 

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