asked 152k views
3 votes
Andy would like to withdraw an annual salary of $45,000 from an account paying 3.1% compounded annually for 25 years once she retires. given this information, determine the amount needed in her account in order for her to reach her goal. round to the nearest cent. a. $9,386,168.48 b. $14,516.13 c. $798,954.46 d. $774,931.58 please select the best answer from the choices provided a b c d

1 Answer

5 votes

Answer:

D. $774,931.58

Step-by-step explanation:

answered
User Atul Goyal
by
8.1k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.