Mathematics, 25.07.2020 15:01, fatheadd2007

4-58. Lisa plans to retire on her 61st birthday. On her 22nd birthday, Lisa will start saving SA per year for
40 years. Starting on her 62nd birthday, Lisa plans on
withdrawing $10,000 and will continue these annual
withdrawals until the account is exhausted on her 85th
birthday. If Lisa's bank account pays 3% per year, what
annual amount of SA will Lisa need to invest in her bank
account to achieve her retirement goal? (4.10)

Answers: 3

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