Business, 25.02.2021 18:40, angie249

Sammy has worked for a company with a retirement program, and today is retiring from her job with the amount of $155 in her retirement account. She decides to withdrawal an equal amount from this account, once a year, beginning immediately, and ending 16 years from today (for a total of 17 payments). If the interest rate is 5.50%, solve for the annuity amount such that she uses up her full accumulation. $ Place your answer in dollars and cents. Do not use a dollar sign or comma as part of your answer. For example, an answer of fifty four point three eight would be placed as 54.38.

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Sammy has worked for a company with a retirement program, and today is retiring from her job with th...