Mathematics, 27.04.2021 20:20, lanaiheart7
1. Alberta is 23 years old and she plans to invest in annuity earning 10.5% compounded biweekly. She will save $145 from each biweekly(26 per year) paycheck. Use the TVM calculator or spreadsheet to determine how much money Alberta will have when she retires at age 67.
a. Will Alberta have enough money in her annuity to live until age 80? (Assuming she needs at least $90,000 per year) Show your math to prove your answer.
b. If she wants exactly $100,000 annually to live off of, at what age will her money run out?☹(round to the nearest whole year). Show your math to prove your answer.
Answers: 2
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 18:00, dlaskey646
The swimming pool is open when the high temperature is higher than 20∘c. lainey tried to swim on monday and thursday (which was 3 days later). the pool was open on monday, but it was closed on thursday. the high temperature was 30∘c on monday, but decreased at a constant rate in the next 3 days. write an inequality to determine the rate of temperature decrease in degrees celsius per day, d, from monday to thursday.
Answers: 1
Do you know the correct answer?
1. Alberta is 23 years old and she plans to invest in annuity earning 10.5% compounded biweekly. She...
Questions in other subjects:
Chemistry, 02.02.2020 20:03
Mathematics, 02.02.2020 20:03
Social Studies, 02.02.2020 20:03
Biology, 02.02.2020 20:03
