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aliina [53]
4 years ago
12

Jennifer is the owner of a video game and entertainment software retail store. She is currently planning to retire in 30 years a

nd wishes to withdraw $14,000/month for 20 years from her retirement account starting at that time. How much must she contribute each month for 30 years into a retirement account earning interest at the rate of 3%/year compounded monthly to meet her retirement goal?
Mathematics
1 answer:
olchik [2.2K]4 years ago
4 0

Answer:

112323

Step-by-step explanation:

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In order to determine the number of pens present in the container, we need to set up equations from the given in the problem statement. We do as follows:

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We use substitution method to calculate for x and y,

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