After retiring, Gabriella wants to be able to withdraw $7,000.00 every quarter from her account for 28 years. Her account earns 7% interest compounded quarterly. How much does Gabriella need in her account when she retires? Gabriella needs$_______ in her account when she retires.
After retiring, Gabriella wants to be able to withdraw $7,000.00 every quarter from her account for 28 years. Her account earns 7% interest compounded quarterly. How much does Gabriella need in her account when she retires? Gabriella needs$_______ in her account when she retires.
Chapter3: Income Sources
Section: Chapter Questions
Problem 79P
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After retiring, Gabriella wants to be able to withdraw $7,000.00 every quarter from her account for 28 years. Her account earns 7% interest compounded quarterly.
How much does Gabriella need in her account when she retires?
- Gabriella needs$_______ in her account when she retires.
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