Question: help please DETAILS PRACTICE ANOTHER 5.1 Points ASK YOUR TEACHER Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.
DETAILS PRACTICE ANOTHER 5.1 Points ASK YOUR TEACHER Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT (See Quick Example 2.) (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $40,000 in a fund paying 4% per year, with monthly payments for 5 years PMT - $ Need Help? 61-1 Point DETAILS ASK YOUR TEACHER PRACTICE ANOTHER Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $45,000 in a fund paying 7% per year with quarterly payments for 20 years PMT=S Need Help? 1. 11 Points DETAILS ASK YOUR TEACHER PRACTICE ANOTHER Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $400 per month for 15 years, if the account earns 3% per year PV = $ PRACTICE ANOTHER & 1 Points DETAILS ASK YOUR TEACHER Find the present value PV of the annuity account necessary to fund the withdrawal given. HINT [See Quick Example 3.) (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $1,700 per quarter for 15 years, if the account earns 6% per year PV - $ Need Help? 1 Point DETALS ASK YOUR TEACHER PRACTICE ANOTHER Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $400,000 at 7%, paid out monthly for 18 years PMTS Nede
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