How much money can be withdrawn each month for the next 20 years from an account...

How much money can be withdrawn each month for the next 20 years from an account containing $250,000 if the account is paying 4% compounded monthly?

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jeff jeffy answered 4 months ago

In order to have $12,000 in this account in 5 years, how much money should I add to this account each month starting from next month?

Currently, I have $2,500 in my bank account that pays 6% APR with monthly compounding. In order to have $12,000 in this account in 5 years, how much money should I add to this account each month starting from next month?

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Derek can deposit $283.00 per month for the next 10 years into an account at Bank...

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Derek can deposit $254.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 13.00% and compounds interest monthly. Derek can deposit $2,488.00 per year for the next 10 years into an account at Bank B. The first deposit will be made next year. Bank B compounds interest annually. What rate must Bank B pay for Derek to have the same amount in both accounts after...

Derek can deposit $294.00 per month for the next 10 years into an account at Bank...

Derek can deposit $294.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 12.00% and compounds interest monthly. Derek can deposit $2,445.00 per year for the next 10 years into an account at Bank B. The first deposit will be made next year. Bank B compounds interest annually. What rate must Bank B pay for Derek to have the same amount in both accounts after...

2. Derek can deposit $293.00 per month for the next 10 years into an account at...

2. Derek can deposit $293.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 14.00% and compounds interest monthly. Derek can deposit $2,462.00 per year for the next 10 years into an account at Bank B. The first deposit will be made next year. Bank B compounds interest annually. What rate must Bank B pay for Derek to have the same amount in both accounts...

erek can deposit $203.00 per month for the next 10 years into an account at Bank...

erek can deposit $203.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 13.00% and compounds interest monthly. Derek can deposit $2,592.00 per year for the next 10 years into an account at Bank B. The first deposit will be made next year. Bank B compounds interest annually. What rate must Bank B pay for Derek to have the same amount in both accounts after...

Anton will deposit $1,000 into a savings account at the beginning of each month for the next 10 years.

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