Ask a New Question

Question

3) Your uncle has $280,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, starting at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end?
13 years ago

Answers

Anonymous
11.91
10 years ago

Related Questions

sin(2 tan-1 7/24) (that is inverse tangent) Draw a 7 24 25 right triangle. Label the angle whose ta... Which of the following are inverse functions? 1. Arcsin x and sin x 2. cos^-1 x and cos x 3. cs... For the following, use the inverse relationship between logarithms and exponentials to determine x.... How much would you have to invest at 6.3% interest for it to have grown to $67.06 in five years How much would you need to invest to get $30,000 in 10 years for an account offering 2.54% interest... Which of the following are inventions attributed to the Chinese? A. Gunpowder B. Pencils C. Porc... Which of the following was invented during the Han dynasty? A. paper B. silk C. bronze... Which of the following was invented during the Han dynasty? A. paper B. porcelain C. bro... Which of the following was invented in China? (mark all that are true) Astrology Gunpowder...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use