After retiring, Valeria wants to be able to withdraw $36,500.00 every year from her account for 27 years. Her account earns 6% interest compounded annually. How much does Valeria need in her account when she retires? Valeria needs$_________ to have in her account when she retires.
After retiring, Valeria wants to be able to withdraw $36,500.00 every year from her account for 27 years. Her account earns 6% interest compounded annually. How much does Valeria need in her account when she retires? Valeria needs$_________ to have in her account when she retires.
Chapter3: Income Sources
Section: Chapter Questions
Problem 79P
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After retiring, Valeria wants to be able to withdraw $36,500.00 every year from her account for 27 years. Her account earns 6% interest compounded annually.
How much does Valeria need in her account when she retires?
- Valeria needs$_________ to have in her account when she retires.
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