Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $90,000 in a fund paying 3% per year, with quarterly payments for 20 years PMT $ Need Help? Read It Watch t
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $90,000 in a fund paying 3% per year, with quarterly payments for 20 years PMT $ Need Help? Read It Watch t
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 13P: Present Value of an Annuity Ralph Benke wants to make 8 equal semiannual withdrawals of 8,000 from a...
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![OOR TEACHER
PRACTICE ANOTHER
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as
deposits. Round your answer to the nearest cent.)
$90,000 in a fund paying 3% per year, with quarterly payments for 20 years
PMT = $
Need Help?
Read It
Watch It](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0448891f-ce57-4f5c-ad0b-752a17482601%2F92e8bc8a-097f-40cf-854f-d1141a79320f%2Fdk4o4p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:OOR TEACHER
PRACTICE ANOTHER
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as
deposits. Round your answer to the nearest cent.)
$90,000 in a fund paying 3% per year, with quarterly payments for 20 years
PMT = $
Need Help?
Read It
Watch It
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