Sarah is 27 years old and is retiring at the age of 65. When she retires, she estimates that she will need a semiannual income f

Question

2 years ago

8

Sarah is 27 years old and is retiring at the age of 65. When she retires, she estimates that she will need a semiannual income f

or 20 years. If Sarah contributes 9% of her semiannual income of $18,567.11 to a 401(k) paying 6.1% compounded semiannually, approximately what semiannual income will she be able to draw? (Hint: Find the future value of her investment prior to retirement and use that amount as her investment amount upon retirement)

Mathematics

1 answer:

GrogVix [38] · Answer 1 · 2022-04-22T20:49:07+03:00

GrogVix [38]2 years ago

5 0

Answer:

your correct awnswer is A

Step-by-step explanation: