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The sum of $7700 is deposited into an account paying 13% annually. If $ 1300 is withdrawn at the end of years 1, year 2

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The sum of $7700 is deposited into an account paying 13% annually. If $ 1300 is withdrawn at the end of years 1, year 2 and year 3, how much remains in the account at the end of year 3? Multiple Choice $6,681.34 O $5,345.07 $7,015.41 $7,349.47 Charlie Stone wants to retire in 32 years, and he wants to have an annuity of $2200 a year for 20 years after retirement. Charlie wants to receive the first annuity payment at the end of the 32th year. Using an interest rate of 12%, how much must Charlie invest today in order to have his retirement annuity? Multiple Choice $465.23 $437.25 $538.69 O $489.72

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