Jeanne and Harold Kimura want to set up a TDA that will generate sufficient interest...
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Accounting
Jeanne and Harold Kimura want to set up a TDA that will generate sufficient interest at maturity to meet their living expenses, which they project to be $ per month. Round your answers to the nearest cent.
a Find the amount needed at maturity to generate $ per month interest if they can get
interest compounded monthly.
$
b Find the monthly payment that they would have to put into an ordinary annuity to obtain the future value found in part a if their money earns
and the term is thirty years.
$
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