Question

You want to be able to withdraw $20,000 each year for 15 years. Your account earns 10% interest. give answer no links

Answer 1

Interst is $30,000

Total Money is $50,000

Explanation:

$20,000 x 0.10(divided by 100 since its percent) x 15 = 30,000

You earn $30,000 from interest alone

$30,000 + $20,000 = $50,000

The total amount of money you will have is $50,000