Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. advance math
  3. you want to be able to withdraw the specified amou

You want to be able to withdraw the specified amount periodically from a payout annuity with...

60.1K

Verified Solution

Question

Advance Math

You want to be able to withdraw the specified amountperiodically from a payout annuity with the given terms. Find outhow much the account needs to hold to make this possible. Roundyour answer to the nearest dollar.

regular withdraw: $1900
interest rate: 2%
frequency: quarterly
time: 28 years

Answer & Explanation Solved by verified expert
4.5 Ratings (1120 Votes)
Payout annuities are typically used after retirement With apayout annuity you start with money    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What are trophic levels? How many trophic levels can a food chain have?

Biology
Q

35 DNA damage can result in pausing arresting of the cell cycle This is facilitated...

Biology
Q

49 Curve between the rate of cooling R and body temperature 0 plotted on Y...

Physics
Q

A wave pulse is propagating along ve x axis on a string whose one end...

Physics
Q

In AJKL, JL is extended through point L to point M,m/LJK = (2x + 2),...

Basic Math
Q

Find the derivative of f(x) = f(x) = 7?x - ?3x10310TType your answer without fractional...

Calculus
Q

5 4 3 N 7 3 4 What is the least possible degree of the...

Calculus
Q

3 3 47 3 3 find det A Given the matrix A 4 4 3...

Calculus
Q

Exercise 10-2 Residual Income [LO10-2] Juniper Design Ltd. of Manchester, England, is a company specializing...

Accounting
Q

Which of the following elements in the tax formula represents dfroms? Select all that apply....

Accounting
Q

pls answer a-c. pls round to two decimals places (Related to Checkpoint 9.2...

Finance
Q

Solve for the missing information designated by " "?" in the following table. (Use 365...

Accounting