Question
Siri plans to retire in 5 years with 452,000 dollars in her account, which has an annual return of 13.82 percent. If she receives annual
Siri plans to retire in 5 years with 452,000 dollars in her account, which has an annual return of 13.82 percent. If she receives annual payments of X, with her first payment of X received in 5 years and her last payment of X received in 12 years, then what is X, the amount of each payment?
What if Siri plans to retire in 4 years. She plans to collect annual payments of $53,800 for several years. Her first annual payment is expected to be received in 5 years and her last annual payment is expected in 11 years. She can earn 10.23 percent per year. How much money does Siri expect to have in 4 years?
What if Siri plans to retire in 7 years with 276,212 dollars in her account, which has an annual return of 11.73 percent. If she receives payments of 61,000 dollars per year and she receives her first 61,000 dollar payment in 7 years, then how many payments of 61,000 dollars can Siri expect to receive? Round your answer to 2 decimal places (for example, 2.89, 0.70, or 1.00).
What if Siri plans to retire in 3 years with $518,000 in his account. If she receives payments of $123,400 per year and she receives his first $123,400 payment in 3 years and her last $123,400 payment in 7 years, then what is the expected annual return for his account? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.
What if Siri plans to retire in 5 years from today with 235,682 dollars in her account. If she receives payments of 59,000 dollars per year and she receives her first 59,000 dollar payment in 6 years and her last 59,000 dollar payment in 10 years, then what is the expected annual return for her account? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.
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