Question
Answer all plz 1.Martina plans to retire in 5 years. She plans to collect annual payments of $49,100 for several years. Her first annual payment
Answer all plz
1.Martina plans to retire in 5 years. She plans to collect annual payments of $49,100 for several years. Her first annual payment is expected to be received in 5 years and her last annual payment is expected in 11 years. She can earn 12.99 percent per year. How much money does Martina expect to have in 5 years?
2.Siri plans to retire in 3 years with 417,500 dollars in her account, which has an annual return of 10.88 percent. If she receives annual payments of X, with her first payment of X received in 3 years and her last payment of X received in 11 years, then what is X, the amount of each payment?
3.Gwen plans to retire in 3 years with $426,000 in her account, which has an annual return of 6.29 percent. If she receives annual payments of X, with her first payment of X received in 4 years and her last payment of X received in 9 years, then what is X, the amount of each payment?
4.Emerson plans to retire in 3 years with $296,000 in his account, which has an annual return of 10.13 percent. If he receives payments of $60,700 per year and he receives his first $60,700 payment in 4 years, then how many payments of $60,700 can Emerson expect to receive? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).
5.Sasha plans to retire in 4 years with 558,029 dollars in her account, which has an annual return of 17.45 percent. If she receives payments of 110,000 dollars per year and she receives her first 110,000 dollar payment in 4 years, then how many payments of 110,000 dollars can Sasha expect to receive? Round your answer to 2 decimal places (for example, 2.89, 0.70, or 1.00).
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