For this assignment, you can either use the Annuity formula OR the TVM solver in your...

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For this assignment, you can either use the Annuity formula OR the TVM solver in your TI 83 or TI 84. However, the TVM solver is much easier to use than the formula. You can get to the TVM solver by pressing [APPS] and selecting [1:Finance] then [1:TVM Solver...] on the TI-83 Plus/TI-84. Below is an image describing each variable in the TVM Solver N=Number of compoundings 1%= annual interest rate PV= present value PMT= payment FV= future value P/Y= payments per year C/Y= compoundings per year PMT: END BEGIN You have $300,000 saved for retirement. Your account earns 4% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years? $ Question Help: Video 1 Video 2 Submit Question For this assignment, you can either use the Annuity formula OR the TVM solver in your TI 83 or TI 84. However, the TVM solver is much easier to use than the formula. You can get to the TVM solver by pressing [APPS] and selecting [1:Finance] then [1:TVM Solver...] on the TI-83 Plus/TI-84. Below is an image describing each variable in the TVM Solver N=Number of compoundings 1%= annual interest rate PV= present value PMT= payment FV= future value P/Y= payments per year C/Y= compoundings per year PMT: END BEGIN You have $300,000 saved for retirement. Your account earns 4% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years? $ Question Help: Video 1 Video 2 Submit Question