megs pension plan is an annuity with a guaranteed of 3%
16.66 points WANEFMAC7 3.3.058.DEFECTIVE My Notes Ask Your Teacher Meg's pension plan is an annuity with a guaranteed return of 3% per year (compounded quarterly). She would like to retire with a pension of $50,000 per quarter for 15 years. If she works 31 years before retiring, how much money must she and her employer deposit each quarter? HINT (See Example 5. Round your answer to the nearest cent.) My Notes Ask Your Teacher -6.66 points WANEFMAC73.1.031. compute the specified quantity. You are expecting a tax refund of $4,000 in 5 weeks. A tax prepared offers you an interest free loan of $4.000 for a fee of $50 to be repaid by your refund check when it arrives weeks. Thinking of the fee as interest, what weekly simple interest rate would you be paying on this loan? What is the corresponding annual rate? HINT (See Example 5.1 weekdy simple interest rate annual simple interest rate 2:55 PM of A4 O Type here to search 16.66 points WANEFMAC7 3.3.058.DEFECTIVE My Notes Ask Your Teacher Meg's pension plan is an annuity with a guaranteed return of 3% per year (compounded quarterly). She would like to retire with a pension of $50,000 per quarter for 15 years. If she works 31 years before retiring, how much money must she and her employer deposit each quarter? HINT (See Example 5. Round your answer to the nearest cent.) My Notes Ask Your Teacher -6.66 points WANEFMAC73.1.031. compute the specified quantity. You are expecting a tax refund of $4,000 in 5 weeks. A tax prepared offers you an interest free loan of $4.000 for a fee of $50 to be repaid by your refund check when it arrives weeks. Thinking of the fee as interest, what weekly simple interest rate would you be paying on this loan? What is the corresponding annual rate? HINT (See Example 5.1 weekdy simple interest rate annual simple interest rate 2:55 PM of A4 O Type here to search