Question
Una Day is planning to retire in 12 years, at which time she hopes to have accumulated enough money to receive an annuity of $27,000
Una Day is planning to retire in 12 years, at which time she hopes to have accumulated enough money to receive an annuity of $27,000 a year for 17 years of retirement. During her pre-retirement period she expects to earn 8 percent annually, while during retirement she expects to earn 10 percent annually on her money.
What annual contributions to this retirement fund are required for Una to achieve her objective and sleep well at night? Use Appendix C and Appendix D. (Round "FV Factor" & "PV Factor" to 3 decimal places. Round the final answer to nearest dollar amount.)
Annual contribution $
please solve it . i have only 40mnt to complete test
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