Mathematics, 26.06.2019 23:50 ferny5133
Sarah is 27 years old and is retiring at the age of 65. when she retires, she estimates that she will need a semiannual income for 20 years. if sarah contributes 9% of her semiannual income of $18,567.11 to a 401(k) paying 6.1% compound semiannually, approximately what semiannual income will she be able to draw? (hint find the future value of her investment prior to retirement and use that amount as her investment amount upon retirement) a $21,050.02 b. $21,692.05 c. $20.407.99 d. $14629.72
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Sarah is 27 years old and is retiring at the age of 65. when she retires, she estimates that she wil...
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