Andre has saved $152 000.00. If he withdraws $1750.00 at the beginning of every month and interest is 7.5% compounded monthly, what is the size of the last withdrawal? please use PMT formulas

Jill wants to make a few deposits so that she can withdraw $5000 per year at the end of each year for the next 15 years.  A deposit of X is made a year from now, a second deposit of 2X is made at the end of year 4, and a deposit of (X/2) is made at the end of year (5+4).  What is the amount of X if the goal is to empty the account?  Use 6% interest.

Suppose you deposit $5300 now into an account that earns 3.1% APR compound daily. Round arwwers to the nearest penny t roundirg is needed. What will your balance be after 54 months? $ How much interest will you have earned? $

You deposit $120 monthly in a saving plan with APR of 6% for 10 years.  How much would your accumulated balance be after the 10 years.  Note: use 6 digits after decimal in your calculations. But give your final answer with 2 digits after decimal.

You have $500,000 saved for retirement. Your account earns 6% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 20 years?

Suppose you plan on saving money at the end of each month in an account that earns 6.6 percent compounded monthly. How much do you need to deposit each month to have a balance of $60,235 at the end of 9 years? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)

Suppose you deposit $3600 to open an account that earns 6% interest compounded monthly. You are trying to save money and find that you are able to put away an additional $50 each month. Write a recursive formula to show the amount of money you will have in the account at the end of each month.

Suppose you want to have $600,000 for retirement in 25 years. Your account earns 4% interest. How muc would you need to deposit in the account each month? Submit Question /course/showcalendar.php?cid=179278 Search

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