Connie wants to have an annuity payment of $2,100 at the end of every three months. How much should she deposit now at 4% interest, compounded quarterly, to yield this payment for 7 years? (Use Table 12-2 in your text.) $39,599.66 $51,064.52 $51,575.18 $57,266.14
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Please use 12-1 table method!
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- Connie wants to have an annuity payment of $2,050 at the end of every three months. How much should she deposit now at 12% interest, compounded quarterly, to yield this payment for 6 years? (Use Table 12-2 in your text.) $28,194.70 $34,717.86 $35,759.40 $38,466.43 OOConnie wants to have an annuity payment of $2,200 at the END of every three months. How much should she deposit now at 6% interest, compounded quarterly, to yield this payment for 7 years? (Use Table 12-2 in your text.) $39,380.31$49,998.78 $50,748.76$55,587.71Connie wants to have an annuity payment of $2000 at the end of every three months. How much should she deposit now at 6% interest, compounded quarterly, to yield this payment for 3 years $21,815.02 $20,786.85 $21,577.10 $22,783.26
- Sammie Jo wants to begin saving for her retirement in 35 years. She researched and found an annuity that pays 5.25% interest, compounded quarterly. She is undecided on her monthly payment. Use your TVM solver to find her future value of the following monthly payments into her annuity. a) $250 N: P/Y: I%: C/Y: PMT: End or Begin FV: $25,610.11 $267,987.65 $307,321.35 $1,000,000.00PLEASE ANSWER IT ASAP FOR AN UPVOTE. I NEED IT NOW. 3. Karen deposits P100 at the beginning of each month into an annuity that pays a 6% annual interest at the end of each year. How much will she have in this account at the end of 5 years? (Sally Mander wants to set up a perpetual annuity for herself that will pay $125,000 annually and that will begin 25 years from now. Assuming an interest rate of 6%, how much will Sally need to save annually? O $42,460 O $39,607 O $37,972 O $34,148
- You want to have $46,000 in your savings account 6 years from now, and you're prepared to make equal annual deposits Into the account at the end of each year. If the account pays 7.7 percent Interest, what amount must you deposit each year? Multiple Choice O O $3,542.02 $3,541.98 $7,666.67 $6.318.12 $9,797.42Holly Krech is planning for her retirement, so she is setting up a payout annuity with her bank. She wishes to receive a payout of $1,900 per month for twenty years. (a) How much money must she deposit if her money earns 7.8% interest compounded monthly? (Round your answer to the nearest cent.)___________ $ (b) Find the total amount that Holly will receive from her payout annuity. Thank you!Sally Mander wants to set up a perpetual annuity for herself that will pay $85,000 annually that will begin 40 years from now. Assuming an interest rate of 8% and with the impact of inflation of 3%, how much will Sally need to save annually? $7,071 $8,073 O $6,562 O $9,075
- After retirement, you expect to live for 25 years. You would like to have $91,000 in income each year. How much should you have saved in your retirement account to receive this income if the annual interest rate is 9 percent per year? (Assume that the payments start one year after your retirement) Multiple Choice $1,472.33173 $893,85474 $2,275,000.00 $101,089.74Lola Fritola is planning for her retirement by making quarterly payments to an annuity with each payment increasing by 0.4% every quarter. Her first payment is $5,100 and she plans to contribute for the next 1O years. How much will she have in her retirement savings if the money is invested to earn 4.2% compounded quarterly? (Round your final answer to 2 decimal places.) Retirement savings %$4You want to have $67,000 in your savings account 10 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.3 percent interest, what amount must you deposit each year? Group of answer choices $6,700.00 $5,011.98 $4,221.01 $4,220.99 $9,350.13