mework $-$ Google Chrome

JayerHomework.aspx?homeworkld$=678946120$&questionld$=19$&flushed$=$false&cld$=7924637$erwin $=$ yes

ine $-$ Fall $2024-$ G$.$ Johnson

Megan Eason

$10/15/247$:$40$ PM

US:

Question $19,*4.$C$\mathrm{.}67$

HW Score: $44\mathrm{.}12\%,15$ of $34$

Part $1$ of $2$

points

Points: $0$ of $3$

One December, a $101-$year$-$old woman died and left $$25$ million to a university. This fortune was accumulated through shrewd and patient investment of a $$4000$ nest egg over the course of $46$ years. In turning $$4000$ into $$25$ million, what were the total and annual returns? How did her annual return compare to the $6\mathrm{.}3\%$ average annual return for stocks?

Her total return on the investment was $.$

$($Type a whole number.$)$

omework $-$ Google Chrome

layerHomework.aspx?homeworkid$=678946120$&questionld$=19$&flushed$=$false&cld$=7924637$erwin$=$yes

ne $-$ Fall $2024-$ G$.$ Johnson

Megan Eason

$10/15/247$:$57$ PM

Annuities $-$ Homework

Question $16,5\mathrm{.}2\mathrm{.}63-$BE

HW Score: $52\mathrm{.}94\%,18$ of $34$ points

Points: $0$ of $1$

Marcus plans to retire in $20$ years. He will make $10$ years $(120$ months$)$ of equal monthly payments to his retirement account. Ten years after his last contribution, he will begin the first of $120$ months of withdrawals of $$2200$ per month. Assume that the retirement account earns interest of $7\mathrm{.}2\%$ compounded monthly for the duration of his contributions, the $10$ his goal?

The amount of his monthly contributions must be $

$($Do not round until the final answer. Then round to the nearest cent as needed.$)$