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You plan to contribute $1,500 to your account at the beginning of each of the next 9 years. Alternative investments of the same risk yield
You plan to contribute $1,500 to your account at the beginning of each of the next 9 years. Alternative investments of the same risk yield 3% return per year. What is the amount in your account at the end of the ninth year? Find the amount today which is equivalent to 5 payments of $690 each with an interest rate of 2%. Payments are made at the end of each year? You have $32,000 invested at 7%. You want to 3 withdraw $8,000 at the end of each year, starting at the end of this year. How many years will it take to exhaust your funds, i.e., run the account down to zero?
Find the amount today which is equivalent to 5 payments of $690 each with an interest rate of 2%. Payments are made at the end of each year?
You have $32,000 invested at 7%. You want to 3 withdraw $8,000 at the end of each year, starting at the end of this year. How many years will it take to exhaust your funds, i.e., run the account down to zero?
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