17. (Ignore income taxes in this problem.) If you wanted to withdraw $12,000 from a bank account at the end of each of the next 20 years, approximately how much would you have to invest in the account today assuming a 6% interest rate?
a. $20,924
b. $38,462
c. $74,880
d. $137,604
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “17. (Ignore income taxes in this problem.) If you wanted to withdraw $12,000 from a bank account at the end of each of the next 20 years, ...” 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
A can of tennis balls costs $6. The total cost c of n cans, including sales tax t, is given by the equation c = 6n + t. Which is the best reason why c - t = 6n?
Answers (1)
Joe invests $1000 at the start of each year for five years and earns 6.3% simple interest on his investments. How much will all his investments be worth at the start of the fifth year?
Answers (1)
Which are perfect squares? all that apply. 49 17 9 143 225
Answers (1)
Mark borrowed $14.00 from his sister to buy a new CD. He then did some yard work for his neighbor and earned $30.00. if he uses his yard work money to pay his sister back, what would be mark financial standing
Answers (2)
A 650-pund snowmobile trailer is sitting on an exit ramp inclined at 40 degrees
Answers (1)
New Questions in Mathematics
kayla has 2,000 stickers in her collection mariah had 1/100 of that amount how many stickers does mariah have
Answers (2)
The answer is 1 -3 (9) - 4 (7) (-1)
Answers (1)
In the inequality, what are all the possible values of x? 2 - 3 (2x + 1) < 6x (2 - 4) A) x ≥ 1 6 B) x ≤ 1 6 C) x ≥ - 1 6 D) x ≤ - 1 6
Answers (2)
How to find the sum of the squares of the roots of an equation?
Answers (1)
Manuela solved the equation below 2 (x+2) = x-4
Answers (2)