You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.

Pamela1013
Home>Homework Answsers>Mathematics homework help

You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.

Regular withdrawal:$1800
Interest rate:2.5%
Frequencyquarterly
Time:30 years

 

    • 9 years ago
    • 3
    Report issue
    Answer(2)
    pavan1001
    4.5 (210)
    4.6 (19)
    Chat

    Purchase the answer to view it

    NOT RATED
      kim woods
      4.7 (34k+)
      4.3 (104)
      Chat

      Purchase the answer to view it

      NOT RATED
      • order_64182_153846.doc
      Bids(1)