How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years?

You want to be able to withdraw $50,000 each year for 20 years. Your account earns 5% interest.

You decide to quit using your credit card and want to pay off the balance of $9,500 in 4 years. Your interest rate is 14.75% compounded monthly. What will your monthly payments be? How much interest do you pay?

You want to be able to withdraw $30,000 each year for 15 years. Your account earns 6% interest. How much do you need in your account at the beginning?

You decide to save $9300 by making annual deposits for 5 years into an account that pays 7% compounded annually. Once the payments stop, you plan to leave the money in the account for an additional 2 years. What size deposits do you need to make?

Suppose you want to have $600, 000 for retirement in 15 years. Your account earns 9% interest. Feel free to use the Online Basic Financial Calculator a) How much would you need to deposit in the account each month? $ b) How much interest will you earn? $

Jill wants to make a few deposits so that she can withdraw $5000 per year at the end of each year for the next 15 years.  A deposit of X is made a year from now, a second deposit of 2X is made at the end of year 4, and a deposit of (X/2) is made at the end of year (5+4).  What is the amount of X if the goal is to empty the account?  Use 6% interest.

You want to be able to withdraw $45,000 each year for 15 years. Your account earns 6% interest. a) How much do you need in your account at the beginning? W b) How much total money will you pull out of the account? c) How much of that money is interest?

You deposit $100 each month into an account that earns 3% annual interest, with interest compounded monthly.a) How much will you have in the account in 15 years?b) How much total money will you deposit into the account over the 15 years?c) How much total interest will you earn in the 15 years?

You have $500,000 saved for retirement. Your account earns 6% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 20 years?