bollinger091909 bollinger091909
  • 04-09-2016
  • Mathematics
contestada

How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8% compounded annually?

Respuesta :

iluv4paws1420
iluv4paws1420 iluv4paws1420
  • 04-09-2016
i think its $117,817.20
Answer Link

Otras preguntas

If (3+y)/y=7, then y= Please help :)
The ratio of Sam age to Hanks is 5 to 3. If the sum of their ages is 24, how old is Hank?
Nick bought a video game for $55, which was 20% off the original price. what was the original price?
If a > 0 and b < 0, then which of the following must be true. ab > 0 a + b < 0 a - b > 0 a + b > 0 b - a > 0
An astronaut who weighs 126lb on Earth weighs only21lb on the moon. How much would a person who weights 31lb on the moon weigh on Earth?
How did the early voyages of discovery change european trade routes?
Add the following fractions.3/8 + 5/12 =
Consider the relation {(–4, 3), (–1, 0), (0, –2), (2, 1), (4, 3)}.Graph the relation.State the domain of the relation.State the range of the relation.Is
How did the early voyages of discovery change european trade routes?
Add the following fractions.3/8 + 5/12 =