Angela invested $10, 500 into a fund earning 7.75% compounded monthly. She plans to withdraw $850 from the fund at the end of every quarter. If the first annuity withdrawal is to be made 2 years from now, how long will it take for the fund to be depleted?

Harry plans to deposit $3,000 at the beginning of each year into a savings account earning 2.75% compounded annually. How much will be in the account after 25 years? Your Answer:

Gregory's investment manager offers her an interest rate of 9.00% compounded monthly on her investments. How much more money would she have to deposit at the end of every month for her fund to accumulate to $599,000.00 in 12 years if the interest rate was 9.00% compounded annually?

To ensure his retirement income, a 40-year old man plans to purchase annuity when he turns 65. The annuity will pay $7,500 at the end of each month for 20 years, and the value is calculated at 5% interest, compounding monthly. To pay for this annuity, he starts making annual level deposits in a mutual fund, which earns 8% interest each year. He makes the first one right away, and makes deposits at the beginning of each year for 25 years. How much does he need to deposit each year in order to save enough to buy his annuity?

Lola 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 10 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

Una Day is planning to retire in 11 years, at which time she hopes to have accumulated enough money to receive an annuity of $21,000 a year for 16 years of retirement. During her pre-retirement period she expects to earn 12 percent annually, while during retirement she expects to earn 14 percent annually on her money. What annual contributions to this retirement fund are required for Una to achieve her objective and sleep well at night? (Use a Financial calculator to arrive at the answer. Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Annual contribution $

Joyce Keegan has decided to invest $500 quarterly for 5 years in an ordinary annuity at 12%.  As her financial adviser, calculate the total cash value of the annuity at the end of year 5 for Joyce.

Carol wants to invest money in an investment account paying 8% interest compounding semi-annually. Carol would like the account to have a balance of $58,000 three years from now. How much must Carol deposit to accomplish her goal?

Ann is 55 years old and will retire in 10 years. She is depositing $250,000 into a retirement fund now. The fund will earn 8% per year compounded annually. She wants the retirement payments to start one year after retiring (11 years from now). She plans on having 25 annual payments. How much will be the annual retirement payments she will receive?

Lisa purchased an annuity that had an interest rate of 3.00% compounded semi-annually. It provided her with payments of $2,500 at the end of every month for 7 years. If the first withdrawal is to be made in 4 years and 1 month, how much did she pay for it? Please answer with explanation. I will really upvote