Carly F.

asked • 06/15/19

Annuities and Loans

I’m so sorry for my repeated questions but this is the last one of my difficult ones!

You want to be able to withdraw 35,000 each year for 20 years. Your account earns 9% interest. Round your answers to the nearest cent.

how much do you need in your account at the beginning?

how much total money will you pull out of the account?

How much of that money is interest?

thank you for the help!

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