Need explanation to this question and help especially with part c. You decide to...
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Need explanation to this question and help especially with part c.
You decide to open an individual retirement account (RA) at your local bank that pays 9:/year compounded annually. At the end of sach of the next 40 years, you will deposit $4.000 into the account. Three years after your last deposit, you will begin making annual withdrawals. What annual amount will you be able to withdraw if you want the withdrawals to last: Click here to access the TVM Factor Table Calculator Parta X Your answer is incorrect. 20 years? 133.013.52 Carry all interim calculations to decimal places and then round your final answer to the nearest dollar. The tolerance is 220. e Textbook and Media Assistance Used Attempts: 3 of 3 used Part b * Your answer is incorrect. 30 years? 12874154 Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 420. eTextbook and Media Assistance Used Attempts: 3 of 3 used Part Forever? Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is $20
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