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balance of $ 2,900,000.00 . Suppose the account earns interest , compounded monthly , and you want an income of $ 66,000 a year . How much interest , in dollars , does the account earn in month 3 ? ( HINT Use the table below ) 5\% Month Number 1 Balance before Withdrawal $ 2,900,000.00 $ 2,906,560.422,913,148.17 Monthly Withdrawal $ 5,500.00 $ 5,500.00 $ 5,500.00 Interest Earned $ 12,060.42 $ 12,087.75 Balance after Withdrawal $ 2,906,560.42 2,913,148.17 $ 2,919,763.37 2 3

balance of 290000000 Suppose the account earns interest compounded monthly and you want an income of 66000 a year How much interest in dollars does the account class=


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