## Question

###### 5. Carrie Mathison plans to retire in 30 years. She intends to contribute the same amount...

5. Carrie Mathison plans to retire in 30 years. She intends to contribute the same amount of money each year to her retirement fund. The fund earns 10% compounded annually. She would like to withdraw $100,000 each year for 20 years, starting one year after the last contribution is made. How much money should she contribute to her fund each year? 10:20 PM

## Answers

Given that --> Delamine the -mount Using the present wo mone tados, ー> Determine -the -trual corti ,buh.on osing he sinking fund fcby →.merefore,.the amt Unt of moneq he shold

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