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

Question

3 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] · Answer 1 · 2021-11-17T16:39:34+03:00

olchik [2.2K]3 years ago

4 0

Answer:

112323

Step-by-step explanation: