You want to be able to withdraw $45,000 each year for 25 years. Your account earns 10% interest. How much do you need in your account at the beginning?
You want to be able to withdraw $45,000 each year for 25 years. Your account earns 10% interest. How much do you need in your account at the beginning?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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You want to be able to withdraw $45,000 each year for 25 years. Your account earns 10% interest. How much do you need in your account at the beginning?
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