Thursday

September 18, 2014

September 18, 2014

Posted by **Anonymous** on Monday, February 27, 2012 at 12:28am.

- college -
**Steve**, Monday, February 27, 2012 at 12:05pmA = P(1+r/n)^nt

250000 = P(1.04)^4*21

P = 250000/1.04^84

P = 9271.28

- college -
**Nick**, Wednesday, March 26, 2014 at 3:11pmSolve the problem. Round to the nearest cent.

Joan wants to have $250,000 when she retires in 27 years. How much should she invest annually in her annuity to do this if the interest is 7% compounded annually?

A) $1861.10

B) $3356.43

C) $2672.15

D) $937.86

**Answer this Question**

**Related Questions**

Math - Solve the problem. Round to the nearest cent. Joan wants to have $250,000...

business math - Bob makes his first deposit into an IRA earning % compounded ...

Math - 1. You need $200,000 to retire in 10 years. You can invest monthly ...

business math revised - Bob makes his first $800 deposit into an IRA earning 7% ...

math - Barry heard in his Personal Finance class that he should start investing ...

math - Michael invested $1600 per half-year in an IRA each half-year for 9 years...

Finance - What advantages does a roth IRA have over the traditional IRA? A. With...

Finance - John wants a $200,000 house. He is 40 and he retires at 65. He ...

Finance - Now that you have a full time job you are ready to start investing for...

math modeling - Person A opens an IRA at age 25, contributes $2000 per year for ...