Question
A) Alyssa intends to retire to make contributions of $146 every week . what rate of return does she need to earn if she wishes
A) Alyssa intends to retire to make contributions of $146 every week . what rate of return does she need to earn if she wishes to reach $209,400 on September 17, 2035?
B) John committed on September 17, 1991 to set aside money for retirement at the end of every week. his account earned 6.40% and he has $531,300 now, how much did he set aside each week?
C) Elizabeth just agreed to a settlement of $113,300 with Clorox. Clorox makes payments of $1,561 every month and the interest rate is 11.9%. how many years until the last payment is made?
D) Jacob committed on September 17, 2007 to set aside $2901.00 for retirement at the end of every quarter. his retirement earned 9.4%, how much does he have now?
E) Austin has been paying $343 back to his parents every month since September 17, 2015, when he borrowed $16,900. what is the implied interest rate if he just made the last payment?
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