You want to be able to withdraw $25,000 each year for 15 years. Your account earns 7% interest. a) How much do you need in your account at the beginning? b) How much total money will you pull out of the account? $ c) How much of that money is interest? $

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**Financial Planning Exercise**

You want to be able to withdraw $25,000 each year for 15 years. Your account earns 7% interest.

a) How much do you need in your account at the beginning?

[Textbox for input]

b) How much total money will you pull out of the account?

[Textbox for input]

c) How much of that money is interest?

[Textbox for input]
Transcribed Image Text:**Financial Planning Exercise** You want to be able to withdraw $25,000 each year for 15 years. Your account earns 7% interest. a) How much do you need in your account at the beginning? [Textbox for input] b) How much total money will you pull out of the account? [Textbox for input] c) How much of that money is interest? [Textbox for input]
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