Question
Janis is planning to start saving for retirement. She plans to start making equal annual payments of $7,733 at the beginning of each year into
Janis is planning to start saving for retirement. She plans to start making equal annual payments of $7,733 at the beginning of each year into an investment account that pays 5.23% interest. She plans to make her first savings deposit in 3 years from today and would like to retire in 24 years from today (one year after she makes her last savings deposit). Janis will also make two special deposits of $3,191 in 14 years from today and $6,667 in 18 years from today. How much money will Janis have in her account at year 24 when she retires?
Answer Format:
INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computation to at least 4 decimals.
NPV answers: Enter NPV answers as a positive or negative number rounded to 2 decimal places (+ - ###.##)
Numerical answers: Enter numerical answers as a positive number rounded to 2 decimal places (###.##)
Percentage answers: Enter percentage answers as a positive percentage % rounded to 2 decimal places. For example 0.123456 should be enter as: 12.35 (##.##)
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