PV=$300000
r=4%/12=0.33%
n=20*12=240
PV=A*(1-(1+r)^-n)/r
Or, 300000=A*(1-(1+0.33%)^-240)/0.33%
Or, 300000=A*(1-1.0033^-240)/0.0033
Or, 300000=A*(1-0.4535)/0.0033
Or, 300000=A*0.5465/0.0033
Or, A=300000*0.0033/0.5465
Or,A= $1811.62
You have $300,000 saved for retirement. Your account earns 4% interest. How much will you be...
you have $300,000 saved for retirement. your account earns 7.8% interest. How much will you be able to pull out each month if you want to be able to take withdrawals for 25 years?
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 15 years?
You have $300,000 saved for retirement. Your account earns 5% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years?
You have $400,000 saved for retirement. Your account earns 5% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?
You have $500,000 saved for retirement. Your account earns 8% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?
A) Scott plans to have $500,000 saved for retirement. His account earns 4% interest. How much will he be able to pull out each month, if he want to be able to take withdrawals for 15 years? B)Scott now owes $470.81 on his credit card. He returns two items for $45.14 and $50.38 and then makes purchases of $34.50 and $33.83. What is the new balance on the card?
Question 3 of 10 5Points You have $400,000 saved for retirement. Your account earns 5% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years? O A. $1,333.33 OB. $2,338.36 OC. $1400.00 D. $4.125.00 Reset Selection vious Next Save Exit e 3 W
(include formulas) 1. Suppose you want to have $400,000 for retirement in 20 years. Your account earns 4% interest. How much would you need to deposit in the account each month? 2. You have $500,000 saved for retirement. Your account earns 10% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?
Amina has saved $350,000 for retirement, and her account earns 5% interest. How much can she pull out of her account each month, if she wants to be able to take withdrawals for 20 years?
You have $500,000 saved for retirement. Your account has an annual rate of 6% compounded monthly. How much will you be able to pull out each month, if you want to be able to take withdrawals for 20 years?