You need to accumulate $92000 for your child's college education 19 years from now. How much do you need to save each year if you can earn 4 percent after taxes on your investment, assuming that you will make annual end-of-year payments into the account? O $2461.28 O $3324.75 O $3012.54 O $2725.12

Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264

You would like to give your son $70,000 towards his college education 12 years from now. How much money must you set aside today for this purpose if you can earn 8% on your investments? B. $176.271.91 C. $27.797.96 A. $12.250.00 interest rate, you will triple your money in ately D. $3,688.65 E. $14.211.11

Your first child was just born and you want to set up an annuity due savings plan to finance her college education. Your financial institution pays 3.15% interest. If you deposit $1,000 today, and make additional $1,000 deposits every year for the next 17 years, how much will accumulate in the account in 18 years? O $23,733.86 O $25,485.19 O $24,611.49 O $24,481.48

After retirement, you expect to live for 25 years. You would like to have $91,000 in income each year. How much should you have saved in your retirement account to receive this income if the annual interest rate is 9 percent per year? (Assume that the payments start one year after your retirement) Multiple Choice $1,472.33173 $893,85474 $2,275,000.00 $101,089.74

K (Solving for PMT of an annuity) To pay for your child's education, you wish to have accumulated $15,000 at the end of 15 years. To do this, you plan on depositing an equal amount into the bank at the end of each year. If the bank is willing to pay 6 percent compounded annually, how much must you deposit each year to reach your goal? To reach your goal, your annual deposit must be $ (Round to the nearest cent.)

You just inherited some money, and you decide to put $70,000 in an account that pays 3.25% interest, which you will use to establish an annuity that will pay for your vacations for the next ten years. How much can you withdraw from the account in each of the ten years? $8,044.56 $7,826.10 $6,241.51 $8,311.18

You want to have $46,000 in your savings account 6 years from now, and you're prepared to make equal annual deposits Into the account at the end of each year. If the account pays 7.7 percent Interest, what amount must you deposit each year? Multiple Choice O O $3,542.02 $3,541.98 $7,666.67 $6.318.12 $9,797.42

Help!6

You want to have $67,000 in your savings account 10 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.3 percent interest, what amount must you deposit each year? Group of answer choices $6,700.00 $5,011.98 $4,221.01 $4,220.99 $9,350.13