To prepare for an early retirement, a self-employed businessman makes deposits of $6200 at the begin of each half-year for 6 years, starting on his 40 birthday. When he is 53, he wishes to make 30 equal day withdrawals. What is the size of each withdrawal if interest is 7.21% compounded daily?

Ira Roth opens up a Roth IRA and places $4,500 in his retirement account at the beginning of each year for 20 years. He believes the account will earn 8 percent interest per year, compounded quarterly. How much will he have in his retirement account in 20 years?

A woman, with her employer's matching program, contributes $300 at the end of each month to her retirement account, which earns 7% interest, compounded monthly. When she retires after 41 years, she plans to make monthly withdrawals for 29 years. If her account earns 6% interest, compounded monthly, then when she retires, what is her maximum possible monthly withdrawal (without running out of money)? The maximum possible monthly withdrawal is approximately $ (Simplify your answer. Round to the nearest cent as needed.)

You start investing $43,000 annually and the bank provides you 7.20% interest in your account compounded annually. At what age should you start saving in order to reach your retirement goal of $1,210,000 at age 69 ?

Lauren deposited $10,000 today. He plans to withdraw $700 every year. For how long can she withdraw from the account starting 1 year from now if interest is 6.9% compounded annually? State your answer in years and months (from 0 to 11 months). She can make withdrawals for year(s) and month(s)

A man deposits $10,000 at the beginning of each year for 15 years in an account paying 6% compounded annually. He then puts the total amount on deposit in another account paying 7% compounded semiannually for another 11 years. Find the final amount on deposit after the entire 26-year period. He will have a final amount of $ after the entire 26-year period. (Simplify your answer. Round to the nearest cent as needed.)