Ive tried the proper annuity equations but got the wrong answers according to the drop down menus. I would appreciate if you could find the right one. thank you.
Nowt it's time for you to practice what you've learned. Suppose that Raphael is 45 years old and has no retirement savings. He wants to begin saving for retirement, with the first payment coming one year from now, He can save $8,000 per yoar and will invest that amount in the stock market, where it is expected to yield an average annual return of 8.00% retum. Assume that this rate will be constant for the rest of hils's life. faphael would like to calculate how much money he will have at age 60 . Using a financial calculator yields a future value of this ordinary annwity to be approximately at age 60 . Raphael would now like to calculate how much money he will have at age 65 . Using a financial calculator yields a future value of this ordinary annwity to be approximately. at age 65 . Raphael expects to live for another 30 years if he retires at ope 60 , with the oame expected percent return un investments in the stock market. Using a financial calculater, you can calculate that Raphael can withdraw at the and of each year after retirement cassuming retirement at a9060 ), assuming a fored withdrawal each year and 50 remaining at the end of his 1fe. Maphal expectiv to tive for another 25 vears if he retires at age 65. with the same expected percent return on investments in the atock market, Uning a financial calculatof you can calculate that Raphyel can withdraw at the end of asch year after retirement at age 65 . assuming a foed withdrawal each year and so remaining at the end of his ldet. ed for retirement by age 65 0 pV PMT FV ? at the end of each year after retirement at age 65 , at the end of his life. ent savings. He wants to begin saving for retirement, with the first payment coming one est that amount in the stock market, where it is expected to yield an average annual stant for the rest of his's life. have at age 60 rdinary annuity to be approximately at age 60. will have at age 65. rdinary annuity to be approximately at age 65. at age 60 , with the same expected nvestments in the stock market. at the end of each year after retirement (assuming can withdraw hear and 50 remaining at the end of his life. I5 at age 65 , with the same expected percent return on investments in the stock market. hael can withdraw at the end of each year after retirement at age 65 , ng at the end of his life. at the end of each year after retirement at age 65 , lavings. He wants to begin saving for retirement, with the first payment coming one hat amount in the stock market, where it is expected to yield an average annual it for the rest of his's life. e at age 60. ary annuity to be approximately at age 60. Whave at age 65. ary annuity to be approximately age 60. with the same expected op can withdraw at the end of each year after retirement at age 65 , the end of his life. at the-end of each year after retirement at ag each year and 50 remaining at the end of his life. lue of an Annuity tice what you've learned. years old and has no retirement savings. He wants to begin saving for retirement, with the first payment coming $8,000 per year and will invest that amount in the stock market, where it is expected to yieid an average annua ume that this rate will be constant for the rest of his's life. ate how much money he will have at age 60 . vields a future value of this ordinary annuity to be approximately at age 60 . calculate how much money he will have at age 65 . Ylelds a future value of this ordinary annuity to be approximately at age 6.5. another 30 yoars if he retires at age 60 , with the same expected percent return on investments in the stock market. - you can calculate that Raphael can vithdraw you can calculate that Raphael can withdraw 519,294.82. ot the end of each year after rebrement at age 65 , wal each vear and so remaining at the end of his $13,506.37 nat you've learned. old and has no retirement savings. He wants to begin saving for retirement, with the first payment 0 per year and will invest that amount in the stock market, where it is expected to yield an averagilition hat this rate will be constant for the rest of his's life. W much money he will have at age 60 . a future value of this ordinary annuity to be approximately at age 60. ate how much money he will have at age 65 . is a future value of this ordinary annuity to be approximately at age 65 , ther 30 years if he retires at age 60 , with the same expected percent return on investments in the stock each year and so remaining at the end of his life
