After retiring, Rosetta wants to be able to withdraw $4,000.00 every month from her account for 26 years. Her account earns 6% interest compounded monthly. How much does Rosetta need in her account when she retires? Rosetta needs$________ her account when she retires.
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After retiring, Rosetta wants to be able to withdraw $4,000.00 every month from her account for 26 years. Her account earns 6% interest compounded monthly.
How much does Rosetta need in her account when she retires?
Rosetta needs$________ her account when she retires.
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- After retiring, Valeria wants to be able to withdraw $36,500.00 every year from her account for 27 years. Her account earns 6% interest compounded annually.How much does Valeria need in her account when she retires? Valeria needs$_________ to have in her account when she retires.After retiring, Sofía wants to be able to withdraw $8,500.00 every quarter from her account for 33 years. Her account earns 7% interest compounded quarterly.How much does Sofía need in her account when she retires? Sofía needs $________ in her account when she retires. How much total money will Sofía pull out of her account? In total$_______ Sofía will pull out from her account. How much of that money is interest? The amount of money that is interest is $________ .After retiring, Gabriella wants to be able to withdraw $7,000.00 every quarter from her account for 28 years. Her account earns 7% interest compounded quarterly.How much does Gabriella need in her account when she retires? Gabriella needs$_______ in her account when she retires.
- After retiring, Jeanette wants to be able to withdraw $9,500.00 every quarter from her account for 34 years. Her account earns 6% interest compounded quarterly.How much does Jeanette need in her account when she retires? Jeanette needs $_____ in her account when she retires.After retiring, Rachael wants to be able to withdraw $30,000.00 every year from her account for 29 years. Her account earns 7% interest compounded annually. How much does Rachael need in her account when she retires? Rachael needs to have in her account when she retires. am I solving for future value? sorry lost. not sure if I'm trying to find future or presentMarilyn wishes to retire at age 65 with $2,000,000 in the bank. At the age 21, she decides to begin depositing money into an account with an APR of 11%. What is the monthly payment Marilyn must make in order to make this happen?
- Destiny invests $20,000 today into a retirement account. She expects to earn 7 percent, compounded annually, on her money for the next 30 years. After that, she wants to be more conservative, so only expects to earn 4 percent, compounded annually. How much money will she have in her account when she retires 40 years from now, assuming this is the only deposit he makes into the account? O $225,359.94 O $152.245.10 O $377,605.04 $299,489.16 O None of the answers is correctSharon has worked for a company with a retirement program, and today is retiring from her job with the amount of $157000 in her retirement account. She decides to withdrawal an equal amount from this account, once a year, beginning immediately, and ending 25 years from today (for a total of 26 payments). If the interest rate is 6.75%, solve for the annuity amount such that she uses up her full accumulation. $ Place your answer in dollars and cents. Do not use a dollar sign or comma as part of your answer. For example, an answer of fifty four point three eight would be placed as 54.38.Tameshia deposits $5500 in her retirement account every year. If her account pays an average of 6% interest and she makes 38 deposits before she retires, how much money can she withdraw in 20 equal payments beginning one year after her last deposit?
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