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lilbabydoll7384`

Hunter decided to retire to Florida in 10 years. What amount should Jim invest today so that he will be able to withdraw $25,000 at the end of each year for 30 years after he retires? Assume he can invest money at 9% interest compounded annually.

  • 2 years ago
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  1. mathteacher1729
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    Did the link from before help at all?

    • 2 years ago
  2. lilbabydoll7384`
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    yea I am working on the problem but it still isn't making sense to me

    • 2 years ago
  3. mathteacher1729
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    It looks like you've posted a ton of problems about this. Is there a test soon? :)

    • 2 years ago
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spraguer (Moderator)
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