A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is us...

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A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used to establish an annuity t

Answer 1

Answer #1

Function Arguments NPER Rate 6%/4 Pmt 5000 15000 Pv 250000 250000 0 number 93.11105126 Type Returns the number of periods for

Hence, It will take 94 quarters

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Answer 2

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