subject

Your uncle has $450,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, beginning 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. What is the maximum number of $35,000 withdrawals that he can make and still have at least $25,000 left in the account? Round your answer to 2 decimal places.

ansver
Answers: 1

Another question on Advanced Placement (AP)

question
Advanced Placement (AP), 22.06.2019 22:20
Astudent who takes a multiple-choice test by reading the stem of each item, generating the correct response before looking at the choices, and then chooses the response closes to the answer is using a.a heuristic b.an algorithm c.vicarious problem-solving d.means-end analysis
Answers: 1
question
Advanced Placement (AP), 24.06.2019 02:00
Why did the separate car act not violate the 14th amendment?
Answers: 1
question
Advanced Placement (AP), 24.06.2019 07:40
Type the correct answer in each box. use = 3.14 and if necessary, round your answers to the nearest hundredth. the area of the largest cross section of a sphere and the circumference of the sphere are in the ratio 4: 1. cm. the area of the largest cross section is about the radius of the sphere is cm. the circumference of the sphere is about cm2. the volume of the sphere is about cm?
Answers: 1
question
Advanced Placement (AP), 24.06.2019 16:00
Which organisims can cause diseases a. micro organisims b. multicellular organisnims c. both d. neither
Answers: 1
You know the right answer?
Your uncle has $450,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 a...
Questions
question
Chemistry, 26.01.2021 08:50
question
Mathematics, 26.01.2021 08:50
question
Mathematics, 26.01.2021 08:50
Questions on the website: 13722363