Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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Question
After retiring, Jeanette wants to be able to withdraw $9,500.00 every quarter from her account for 34 years. Her account earns 6% interest compounded quarterly.
How much does Jeanette need in her account when she retires?
- Jeanette needs $_____ in her account when she retires.
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