1. Sally Jesse would like to relax and not work for the next 6 years,...
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Accounting
1. Sally Jesse would like to relax and not work for the next 6 years, but she needs to be able to withdraw $42000 at the end of each year for living expenses. How much must she have in her investment account now to be able to do this? Assume a 6% interest rate. (Round your answer to the nearest dollar)
2.Cheri made a deposit in her account on January 1, 2008. The bank pays interest at 8%. After 9 years, she had $3700 in the account. How much did she originally deposit on January 1, 2008? (Round your answer to the nearest dollar)
3. George deposited $5000 in a savings account 7 years ago. The account earns 10% interest. How much does George have in his account now? (Round your answer to the nearest dollar)
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