Regarding answer format: i. Be sure you are using 4 decimals of precision in your calculator display; now it matters. ii. If the question is asking for a dollar amount, answer to two decimals (i.e.$x,xxx.xx) iii. In no case do you need to answer a question with a negative number, just input answers as normal (+) numbers. iv. If the question is asking for a %, answer to three decimals (i.e. xx.xxx%). Your aunt Maude passes away and leaves you $25,000. You deposit the funds in a bank account earning 5.000% interest. You want to withdraw an annual amount each year, over 20 years, until the account falls to zero (i.e. in this case your PV is $25,000 and your FV is $0). What is the annual payment they can pay you each year? Your aunt Maude passes away and leaves you $25,000. You want to withdraw $2,500 each year, over 20 years, until the account falls to zero (i.e. in this case your PV is $25,000 and your FV is $0). What rate of interest of you need to earn to achieve your goal? Hint: be careful to use the right signs (+/-). Tony Robbins Retirement Question #1: Today you deposit $10,000 and you save $6,000 every year for 40 years, in an account earning 4.000% interest. How much is the account worth at the end of year 40? Tony Robbins Retirement Question #2: Today you deposit $10,000 and you save $6,000 every year for 40 years. If your goal is to have $1,000,000 at the end of 40 years, what rate of interest must you earn? Hint: be careful to use the right signs (+/-)