Nola has $1, 000, 000 in her retirement account.She wants to make 20 equal withdrawals, beginning immediately.The investment plan earns 6%.How much should each withdrawal be?
A)$82, 250
B)$84, 005
C)$84, 548
D)$87, 185

Question

Quizplus · Accepted Answer

The Answer of Nola has $1, 000, 000 in her retirement account.She wants to make 20 equal withdrawals, beginning immediately.The investment plan earns 6%.How much should each withdrawal be?
A)$82, 250
B)$84, 005
C)$84, 548
D)$87, 185

Nola Has $1, 000, 000 in Her Retirement Account