Ken has just retired. His Roth IRA has a present value of $524,856.00 and has an interest rate of 3.4%, compounded annually. In addition, he receives a yearly pension of $32,615.12. Given that Ken plans to draw from his Roth IRA for the next fifteen years, find his total annual income.
a.
$86,483.17
b.
$77,862.30
c.
$50,503.76
d.
$49,915.55
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Ken has just retired. His Roth IRA has a present value of $524,856.00 and has an interest rate of 3.4%, compounded annually. In addition, ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
C over 4 equals 16 solve this equation
Answers (2)
The mean mark for the class was 70%. There are 30 students in the class, 20 of whom are boys. The mean mark for the boys is 62%. What is the mean mark for the girls?
Answers (1)
Which is required for sexual reproduction?
Answers (2)
Which expression is equivalent to 24 ⋅ 2-7? 1 over 2 to the power of 11 1 over 2 to the power of 3 2 to the power of 3 2 to the power of 11
Answers (2)
How do I find the answer to this question?
Answers (1)
New Questions in Mathematics
In how many arrangements can a teacher seat 3 girls and 3 boys in a row of 6 seats if the boys are to have the first, third, and fifth seats?
Answers (1)
Max has a $2000 bond with a 6% coupon. Max purchased this bond for $2050. What is the yield of this new bond?
Answers (1)
What value of c in the equation + 4 = 12 would give the equation a slope of 8? (show your work)
Answers (1)
Which is greater 1/5 or 0.25?
Answers (1)
The total cost for attending the state fair can be found using the function y = 15 + 2.5x, where x is the number of food tickets purchased. If a family purchases between 5 and 10 food tickets, what is the domain and range of this situation?
Answers (1)