Claire wants to have an income of $45,000 a year when she retires. she finds
a cd that offers...
Mathematics, 05.11.2019 22:31, meandmycousinmagic
Claire wants to have an income of $45,000 a year when she retires. she finds
a cd that offers 5.2% apr compounded annually, and she also finds a period
annuity that offers 5.2% apr compounded monthly for 20 years. how much
more money would claire need to invest in the cd than in the annuity in order
to reach her goal?
a. $937,500.00
b. $577,849.89
c. $306,562.27
d. $412,675.23
Answers: 3
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