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PVAdue=PVAcolliawy(I+I) One can soive for payments (PMT), periods (N), and interest rates (1) for annuities. The easiest way to solve for these variables is with
PVAdue=PVAcolliawy(I+I) One can soive for payments (PMT), periods (N), and interest rates (1) for annuities. The easiest way to solve for these variables is with a financiai caloulater ar a sareadatiet. Quantitative Problem 11 You plan to deposa $1,800 per year for 4 years into a money market account with an annual retum of 276 . vou plan to make vour finit deposit ane vear fod today. a. What amount will be in your accovint at the end of 4 years? Do not round intermediate calculations. Round your answer to the nearest cent. s b. Assume that vour deposits will begin today. What amount will be in your account after 4 years? Do not round intermediate calculabions. Round your answer to the nearest cent. first wuthdrawal wil be made one year after you retire and you anticipate that your retirement account will eam 10% annually. a. What anount do you need in your cetirement account the day vou retire? Do not round intermediate calculations. Round your answwer to the nearest cent. \$ b. Assume that your first whidrawal will be mode the day you retire. Under this assumption, what amount do you now need in your retirement account the day you netine? Do not round infermediate calcuiations; fround your answer to the nearest cent
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