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Hello, can I get help with the following problems? Thanks! WA: Puma + I) One can solve for paymenu (Pi-1T), periods (N), and Interest rates

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Hello, can I get help with the following problems?

Thanks!

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WA\": Puma + I) One can solve for paymenu (Pi-1T), periods (N), and Interest rates (I) for annuities. The easiest way to soiye For these variables ls with a financial calculator or a spreadsheet. Quantitative Problem 1: You plan to deposit $1,600 per year for 4 years Into a money market account with an annual return of 2%. You plan to make your rst deposit one year from tnday. a. What amount will be in your account at the end of 4 years".' Round your answer to the nearest cent. Do not round Intermediate calculations. s:0 b. Assume that your deposils will begin today. What amount will be in your account aer 4 years? Round your answer to the nearest cent. Do not round intermediate calculations. s30 Be careful about the order of mathematical operations if using the equation. If using a nancial calculator, be careful about the meaning of the negative sign. Quantitative Problem 2: You and your wife are making plans for retirement. You plan on living 30 years after you retire and would like to have $30,000 annually on which to live. Your first withdrawal will be made one year aer you retire and you anticipate that your retirement account will earn 15% annually. a. What amount do you need in your retirement account the day you retire? Round your answer to the nearest cent. Do not round intermediate calculations. 5 | | 0 b. Assume that your rst withdrawal will be made the day you retire. Under this assumption, what amount do you now need in your retirement account the day you retire? Round your answer to the nearest cent. Do not round intermediate calculau'ons. s ||

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