Question: I need this solved please. In the format given please. Check over my answer please. following amounts at the end of each period into an

I need this solved please. In the format given please. Check over my answer please.

I need this solved please. In the format given
following amounts at the end of each period into an annuity yielding 7% (assume monthly interest compounding)? a. $345.50 per month b. $202.25 per month 0. $112.75 nermonth Relevant Information a I: I: Annual Interest Rate 7.000% 7.000% 7.000% Periods PerYeer Number of Years 2.85291235 4.577077686 7391653259 Needed Information Present Value Future Value Payment Rate 0.58% Number of Periods Additional Calculations (if needed) A.) will take ~2.85 years. B.) will take ~4.58 years. C.) will take ~7.39 years Answer: Chuck Garabedian would like to have $13,050. How many years will it take to reach this goal if he makes deposits of the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!