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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Add the two questions -6.5b + 11 and 3.3b - 2
Answers (1)
In a classroom, 3/8 of the students are wearing blue shirts, and 1/4 are wearing white shirts. There are 24 students in the classroom. How many students are wearing shirts other than blue shirts or white shirts?
Answers (1)
Beckys mother has three daughters. She named them penny and Nichole. What did she name the third daughter
Answers (2)
How many students attend the school
Answers (1)
If the rate 130 miles per 2 hours is reduced to a unit rate, the result is miles per hour. Answer here
Answers (1)
New Questions in Mathematics
What are the slope and the y-intercept of the linear function that is represented by the equation y=-10x+1? A. The slope is - 10, and the y-intercept is - 1. B. The slope is - 10, and the y-intercept is 1. C.
Answers (1)
On a hot day a greengrocer places 20kg of courgettes on display. They are 99% water at that time. But at the end of the day, the courgettes were only 98% water. What is the weight of the courgettes at the ebd of the day?
Answers (1)
Explain the role of zero pairs when simplifying and algebraic expression using algebra tiles. Use a mathematical property to justify your answer
Answers (1)
Which expression is equivalent to four? A. (10 - 4) + 2 B. 10 - 4 + 2 C. 10 - (4 + 2) D. (10 - 4 + 2)
Answers (1)
When 12.393 and t are added together, the result is 20.463. What is the value of t?
Answers (2)