Mathematics, 11.12.2019 21:31 sb6998

Charles wants to retire in 17 years. at that time he wants to be able to withdraw $22,000 at the end
of each year for 17 years. assume that money can be deposited at 6% per year compounded
annually. what exact amount will charles need in 17 years?

Answers: 3

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Charles wants to retire in 17 years. at that time he wants to be able to withdraw $22,000 at the end of each year for 17 years. assume that money can be deposited at 6% per year compounded annually. what exact amount will charles need in 17 years?

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Another question on Mathematics

Charles wants to retire in 17 years. at that time he wants to be able to withdraw $22,000 at the end
of each year for 17 years. assume that money can be deposited at 6% per year compounded
annually. what exact amount will charles need in 17 years?