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One can solve for payments ( PMT ) , periods ( N ) , and interest rates ( I ) for annuities. The easiest way
One can solve for payments PMT periods N and interest rates I for annuities. The easiest way to solve for these variables is with a financial calculator or a spreadsheet.
a What amount will be in your account at the end of years? Do not round intermediate calculations. Round your answer to the nearest cent. $
b Assume that your deposits will begin today. What amount will be in your account after years? Do not round intermediate calculations. Round your answer to the nearest cent. $ be made one year after you retire and you anticipate that your retirement account will earn annually.
a What amount do you need in your retirement account the day you retire? Do not round intermediate calculations. Round your answer to the nearest cent. $ calculations. Round your answer to the nearest cent. $
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