You want to deposit an equal amount of money every year at the end of...

90.2K

Verified Solution

Question

Finance

image
You want to deposit an equal amount of money every year at the end of each of the next 30 years into an account that pays 76% annually compounded interest in order to be able to potre comfortably During your roteament years, you want to have the ability to withdraw at the end of each of the 20 years, the amount of $35.000 During your retirement years, you will keep your money in an account that can 55% annually compounded interest What should be your annual deposits ring your working year? 5759 01 4045 12 4.403.10 6,86727 4810.80

Answer & Explanation Solved by verified expert
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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students