Ken has just retired. His Roth IRA has a present value of $524,856.00 and has an interest rate of 3.4%, compounded annually. In

Question

2 years ago

8

Ken has just retired. His Roth IRA has a present value of $524,856.00 and has an interest rate of 3.4%, compounded annually. In

addition, he receives a yearly pension of $32,615.12. Given that Ken plans to draw from his Roth IRA for the next fifteen years, find his total annual income.
a.
$86,483.17
b.
$77,862.30
c.
$50,503.76
d.
$49,915.55

Mathematics

2 answers:

rodikova [14] · Answer 1 · 2022-10-17T11:59:25+03:00

rodikova [14]2 years ago

5 0

Answer:

B

$77,862.30

Step-by-step explanation:

nikitadnepr [17] · Answer 2 · 2022-10-17T10:48:09+03:00

nikitadnepr [17]2 years ago

3 0

B.) is the correct answer