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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is 57829.83 divided 5 times 3 divided by 90?
Answers (1)
Wendy is arranging books on the bookshelves in the school library. The total number of books she arranges is given by the equation b = 12r, where b is the total number of books and r is the number of rows. Each row contains the same number of books.
Answers (1)
Calculate percent change of the temperature drops from 85 degrees to 65 degrees
Answers (1)
Express 16 as a difference of two prime numbers
Answers (1)
What 20 dived by 360 long division step by step
Answers (1)
New Questions in Mathematics
Show a way to count from 170 to 410 using tens and hundreds. circle at least 1 benchmark number
Answers (1)
An employee earns $261 for 18 hours of work. Assuming he is paid by the hour, how much will he earn in 7 hours?
Answers (1)
After stepping into a room with unusual lighting, Erik's pupil has a radius of 4 millimeters. What is the pupil's area?
Answers (1)
Traci spent $45.20 in 5 hours of shopping at the mall. $___per hour
Answers (2)
Equation for "five elevenths times a number is 55"
Answers (1)