Question
Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to
Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.)
$100,000 at 6%, paid out monthly for 13 years, leaving $10,000 in the account after the 13 years
Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.)
$600 per month for 20 years, if the account earns 5% per year and if there is to be $10,000 left in the annuity at the end of the 20 years
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)
$30,000 in a fund paying 3% per year, with monthly payments for 10 years, if the fund contains $10,000 at the start
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