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Author Question: You are 30 years old and you want to retire at age 60 with $1.5 million. You are going to make equal ... (Read 45 times)

Sportsfan2111

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on: Apr 25, 2021

Question 1

What is the future value of an annuity due that pays $500 per year for each of the next three years if the interest rate is 6%?
◦ $1,591.80
◦ $1,687.31
◦ $546.35
◦ $2,123.25
◦ $2,250.65

Question 2

You are 30 years old and you want to retire at age 60 with $1.5 million. You are going to make equal annual deposits into your savings account at the end of each year in order to save up this money. Your savings account pays 8% interest. What amount must you deposit each year?
◦ $13,241.15
◦ $12,160.93
◦ $14,227.80
◦ $13,274.34
◦ $14,506.85
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by Sportsfan2111 on Apr 25, 2021

dudman123

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Sportsfan2111

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Reply 2 on: Apr 25, 2021
Wow, this really help

patma1981

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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