Question: Needing help- previous tutor got this wrong PF.8 Payout Annuities - Homework Score: 12.67/42 5/15 answered Question 9 You want to be able to withdraw

Needing help- previous tutor got this wrong

PF.8 Payout Annuities - Homework Score: 12.67/42 5/15 answered Question 9 You want to be able to withdraw $3,000.00 from your account each month for 20 years after you retire. You expect to retire in 30 years. If your account earns 9% interest compounded monthly, how much will you need to deposit each month until retirement to achieve your retirement goal? You will need to deposit each month. Time Value of Money Solver Enter the given values. N: = Solve Number of Compounding Periods 1: % = Solve Annual Interest Rate as a Percent PV: = Solve Present Value PMT: = Solve Payment FV: = Solve Future Value P/Y: 12 Payments per Year C/Y: Compounding Periods per Year PMT: = END Payments are made at the end of the period Question Help: Video Submit

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