Hunter decided to retire to Florida in 10 years. What amount should Jim invest today so that he will be able to withdraw $25,000 at the end of each year for 30 years after he retires? Assume he can invest money at 9% interest compounded annually.

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mathteacher1729 · Answer

Did the link from before help at all?

anonymous · Answer

yea I am working on the problem but it still isn't making sense to me

mathteacher1729 · Answer

It looks like you've posted a ton of problems about this.  Is there a test soon? :)