SOLUTION: You want to be able to withdraw $20000 each year for 15 years. Your account earns 10% interest. How much do you need in your account at the beginning?
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Question 1153016: You want to be able to withdraw $20000 each year for 15 years. Your account earns 10% interest. How much do you need in your account at the beginning? Answer by ikleyn(52915) (Show Source):
