We have to use financial calculator - | ||||
Put in calculator - | ||||
FV | 0 | |||
PV | (200,000) | |||
I | 5%/4 | 1.250% | ||
PMT | 6000 | |||
Compute N | 43.39 | |||
Therefore answer = | 44 | quarter |
4. -/1 points HarMathAp12 6.4.009. My Notes Ask Your Teacher A personal account earmarked as a...
A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $5000 at the end of each quarter. How long will it be until the account balane i (Round your answer UP to the nearest quarter.) quarters Need Help? Read It- Talk to a Tutor A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used to establish an annuity that earns 6%,...
A personal account earmarked as a retirement supplement contains $342,100. Suppose $300,000 is used to establish an annuity that earns 7%, compounded quarterly, and pays $6000 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.) quarters
A personal account earmarked as a retirement supplement contains $230,000. Suppose $200,000 is used to establish an annuity that earns 7%, compounded quarterly, and pays $5500 at the end of each quarter. How long will it be until the value of the annuity is $0? (Round your answer UP to the nearest quarter.) quarters
A personal account earmarked as a retirement supplement contains $.292,300. Suppose $250,000 is used to establish an annuity that earns 5%, compounded quarterly, and pays $5000 at the end of each quarter. How long will it be until the account balance is $07 (Round your answer Up to the nearest quarter.) quarters
A personal account earmarked as a retirement supplement contains $342,300. Suppose $300,000 is used to establish an annuity that earns 7%, compounded quarterly, and pays $5500 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.) quarters
A personal account earmarked as a retirement supplement contains $242,300. Suppose $200,000 is used to establish an annuity that earns 5%, compounded quarterly, and pays $5000 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.)
A personal account earmarked as a retirement supplement contains $242,300. Suppose $200,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $5500 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.)
A personal account earmarked as a retirement supplement contains $292,300. Suppose $250,000 is used to establish an annuity that earns 5%, compounded quarterly, and pays $5500 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.)
5. 1 points HarMathAp12 6.3.041. My Notes Ask Your Teacher Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in a savings plan that earns 9%, compounded monthly. This savings plan continues for 9 years before new obligations make it impossible to continue. If the accrued amount remains in the plan for the next 15 years without deposits or withdranals how much money will be in the account 24 years after...
3. -/1 points HarMathAp 12 6.4.007. My Notes Ask Your Teacher With a present value of $125,000, what is the size of the withdrawals that can be made at the end of each quarter for the next 10 years of money is worth 6.2% compounded quarterly? (Round your answer to the nearest cent.) Need Help? Read Watch It Talk to a Tutor My Notes Ask Your Teacher 4. -/1 points HarMathAp 12 6.4.009. that our compounded quarterly and