Question
27 1 pts How much must be deposited on January 1, 2020 in a savings account paying 6% annually in order to make annual withdrawals
27 1 pts How much must be deposited on January 1, 2020 in a savings account paying 6% annually in order to make annual withdrawals of $20,000 at the end of the years 2020 and 2021? O $40,000 O $37,740 O $73.336 $36,668 Question 25 1 pts Smith requires $200,000 in four years to purchase a new home. What amount must be invested today in an investment that earns 6% interest, compounded annually? O $252,496. O $158,419. $197.448. $190,102. Question 18 1 pts Jane wants to set aside funds to take an around the world cruise in four years. Assuming that Jane has $20,000 to invest today in an account expected to earn 10% per annum, how much will she have to spend on her vacation? $29,282. $23,300. $25,250. $30,000
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