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 %24

7. What is the anticipated monthly annuity that is to be deposited into an account paying an annual 8.4% compounding monthly, if we wish to have $1,500,000 in six years? 8. Alexa wants to save up $300,000 in 4 years to pay as a down payment for a house. What is the amount of each quarterly payment, if the trust fund grants a quarterly rate of 2.8%. Consider each deposit made at beginning of each quarter.

Cheryl is setting up a payout annuity with her bank. She wants to receive a payout of $1200 per month for 20 years. A. How much will she have to deposit if she earns 8% interest compounde monthly? B. What's the total she will receive from her payout annuity?

Find the future value of each using the future value of an ordinary annuity formula.  Shelly deposits the $2,000 she got as a birthday gift from her grandmotherinto an account earning 3.6% interest compounded monthly. She decides to also deposit $200 at the end of each month into the same account. How much will be in the account in 10 years? Julian won the lottery! He deposits some of his winnings intoan account earning 2.75% interest compounded quarterly. He makes his deposit of $25,000 and also decides to start making deposits of $1,000 into the same account at the end of each quarter. How much will he have after 5 years?