GenaroK275714 GenaroK275714

26-10-2022
Mathematics

contestada

You have $500,000 saved for retirement. Your account earns 9% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 20 years?

Relax

Respuesta :

LaylanieL467621 LaylanieL467621

26-10-2022

Interest = $500,000 x 0.09 = $45,000

Monthly Withdrawal = Interest/ 12 = $45,000/12 = $3,750

Answer Link

Otras preguntas

What best defines an independent adult?

A river has a steady speed of 0.500 m/s. a student swims upstream a distance of 1.00 km and swims back to the starting point. (a) if the student can swim at a s

Fill a glass with water above the rim. It forms a domed surface. Add a paper clip and watch it float, even though the paper clip is made of a metal that is de

What is answer to this question

Write net ionic equation to show the reaction of aqueous hg2(no3)2 with aqueous sodium chloride to form solid hg2cl2 and aqueous sodium nitrate.

If the product of two numbers is zero then at least one of the numbers must be zero

Which of the following accurately describes fermentation? A. Fermentation generates more ATP than cellular respiration. B. Fermentation makes NAD+ n

If tap and bre are supplementary and bre is its own complement, find the measure of tap. explain how you arrived at your answer

Both petroleum and coal are made up of complex carbon-based molecules, and both originated with living creatures of some kind. Both are vital sources of energy

You want to make five-letter codes that use the letters a, f, e, r, and m without repeating any letter. what is the probability that a randomly chosen code star