Jim Crowe will retire in 12 years and would like to receive $ 4000 semiannually for 17 years after he retires. If the account pays 8 % compounded semiannually, find (a) The amount Mr. Crowe must have in the account when he retires in order to finance the annuity. (b) The amount he must deposit today that would provide funds for the annuity in 12 years. (c) The total amount he will receive from the annuity. (d) The total interest earned. (Round the final answers only to 2 decimal places) Click here to enter answer (a) (b) (c) (d) 1 5 9 FM0251Exp4 Use me to enter the answer 2 0 Tab T 3 7 4 8 $ Back Delete Clear Enter your answer Done

Jim Crowe will retire in 12 years and would like to receive S4000 semiannually for 17 years after he retires. If the account pays 8% compounded semiannually, find (a) The amount Mr. Crowe must have in the account when he retires in order to finance the annuity. (b) The amount he must deposit today that would provide funds for the annuity in 12 years. (c) The total amount he will receive from the annuity. (d) The total interest eamed. (Round the final answers only to 2 decimal places) Click here to enter answer Enter your answer (a) (b) (c) (d)