You want to be able to withdraw $30,000 from your account each year for 20 years...

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Finance

You want to be able to withdraw $30,000 from your account eachyear for 20 years after you retire. If you expect to retire in 30years and your account earns 4.8% interest while saving forretirement and 4.7% interest while retired: Round your answers tothe nearest cent as needed.
a) How much will you need to have when you retire? $
b) How much will you need to deposit each month until retirementto achieve your retirement goals? $
c) How much did you deposit into you retirement account? $
d) How much did you receive in payments during retirement? $ e)How much of the money you received was interest? $

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You want to be able to withdraw $30,000 from your account eachyear for 20 years after you retire. If you expect to retire in 30years and your account earns 4.8% interest while saving forretirement and 4.7% interest while retired: Round your answers tothe nearest cent as needed.a) How much will you need to have when you retire? $b) How much will you need to deposit each month until retirementto achieve your retirement goals? $c) How much did you deposit into you retirement account? $d) How much did you receive in payments during retirement? $ e)How much of the money you received was interest? $