Norah has $2,000,000 in her retirement account. She wants to make 20 equal withdrawals, beginning today and each year thereafter. The investment plan earns 8%. What is the amount of annual withdrawals that would completely deplete the fund after the 20th withdrawal?
A. $181,541
B. $184,875
C. $188,615
D. $203,704
Answer: C
You might also like to view...
You deposit in a fund 10 annual payments of $2,500 each beginning January 1, 2016, with the last deposit being made on January 1, 2025. How much will be in the fund on December 31, 2025, one year after the final payment, if the fund earns interest at 4% compounded annually?
A. ?$21,088 B. ?$28,957 C. ?$30,015 D. ?$31,216
Complete the identity.
= ?
A. cot (6?) B. 0 C. tan (3?) tan (6?) D. -tan (6?)
Use the information given about the angle ?, 0 ? ? ? 2?, to find the exact value of the indicated trigonometric function.sin ? = 
, 0 < ? < 
Find sin 
.
A. 
B. 
C. 
D. 
When an investigator devises different conditions and then compares the outcomes of the participants exposed to those different conditions in order to see how behavior is affected, what is this is called?
A. hypothesis B. experiment C. theory D. treatment