You have $300,000 saved for retirement. Your account earns 9% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?

$121,000 a month

Step-by-step explanation:

Hi there!

in order to find the value of x, we'll need to use a trigonometry function. for this problem, we'll use tangent, which is opposite/adjacent.

let's set up our equation:

we know that the angle for tangent is 51, so we have tan(51).
then, we know that the opposite side is x.
next, we know that the adjacent side is 10.
therefore, our equation is  tan(51) = x/10.

to solve, all we need to do is multiply both sides by 10:

x = tan(51) x 10
x = 9.03 (not rounded)

therefore, the correct answer is  x = 9.0 (rounded to the nearest tenth).

hope this : )
if there's anything else that i can you with, let me know!