After retiring, Gabriella wants to be able to withdraw $7,000.00 every quarter from her account for 28 years. Her account earns 7% interest compounded quarterly. How much does Gabriella need in her account when she retires? Gabriella needs$_______ in her account when she retires.
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After retiring, Gabriella wants to be able to withdraw $7,000.00 every quarter from her account for 28 years. Her account earns 7% interest compounded quarterly.
How much does Gabriella need in her account when she retires?
- Gabriella needs$_______ in her account when she retires.
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- After retiring, Valeria wants to be able to withdraw $36,500.00 every year from her account for 27 years. Her account earns 6% interest compounded annually.How much does Valeria need in her account when she retires? Valeria needs$_________ to have in her account when she retires.After retiring, Jeanette wants to be able to withdraw $9,500.00 every quarter from her account for 34 years. Her account earns 6% interest compounded quarterly.How much does Jeanette need in her account when she retires? Jeanette needs $_____ in her account when she retires.After retiring, Rosetta wants to be able to withdraw $4,000.00 every month from her account for 26 years. Her account earns 6% interest compounded monthly.How much does Rosetta need in her account when she retires?Rosetta needs$________ her account when she retires.
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- Destiny invests $20,000 today into a retirement account. She expects to earn 7 percent, compounded annually, on her money for the next 30 years. After that, she wants to be more conservative, so only expects to earn 4 percent, compounded annually. How much money will she have in her account when she retires 40 years from now, assuming this is the only deposit he makes into the account? O $225,359.94 O $152.245.10 O $377,605.04 $299,489.16 O None of the answers is correctTameshia deposits $5500 in her retirement account every year. If her account pays an average of 6% interest and she makes 38 deposits before she retires, how much money can she withdraw in 20 equal payments beginning one year after her last deposit?At age 27, Laura deposited $1000 into an IRA, it earns 7 7/8% compounded monthly. A. What will it be worth when she retires at 65? B. How much would it be worth if she didn't set it up until she was 35?
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