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Correctly match the problem statement with the formula required to solve it. Assume that in all three cases, you would also know the relevant P/Y,
Correctly match the problem statement with the formula required to solve it. Assume that in all three cases, you would also know the relevant P/Y, C/Y and I/Y. 1. You wish to retire and need to know how long the payments will last, given a $PMT and starting balance in the account, until the money runs out Solve for N in PV of an annuity. 2. You are thinking of retiring and want to know how much money should be in the retirement account on the day that you retire, in order to pay yourself a given $PMT for a given length of time. Solve for PMT in FV of an annuity. Solve for PV of an annuity. 3. You know how much you would like to have in your retirement account on the day that you retire and wish to find out how much you need to deposit every month in order to have the money in place on your retirement date
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