You want to be able to withdraw $$45,000$ from your account each year for $25$ years after you retire.

You expect to retire in $30$ years.

If your account earns $7\%$ interest, how much will you need to deposit each year until retirement to achieve your retirement goals?

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Question $10$

$\frac{0}{1}$ pt $55($i$)$ Details

A consumer buys a used car for $$19700$ with monthly payments of $$320,$ an annual interest rate of $4\mathrm{.}67\%.$ Find the number of payments.