Sara met with a financial planner and has determined that she will need $1,250,000 when she retires in 30 years. She has found an annuity that pays 5.65%, compounded monthly. What will she need to save each month, if a) Sara waits 20 years to start saving?               N:                           P/Y:             I%:                         C/Y:             PMT:                              FV:     End or Begin

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A: Semi Annual Payment  $              1,500.00 Time Period (years) 8 Interest rate 4% Monthly…

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Q: $289744.28

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A: Since you have asked multiple question, we will solve the first question for you. If you want any…

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A: Compound = Monthly = 12Future Value = fv = $760,000Time = t = (66 - 22) * 12 = 528Interest Rate = r…

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A: Present Value The present value is the value of cash flow stream or the fixed lump sum amount at…

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Q: Am. 111.

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