Question: please clear answer Question 5 (4 points) Fatima wants to receive payments of $9,000 at the end of every three months for 20 years when



Question 5 (4 points) Fatima wants to receive payments of $9,000 at the end of every three months for 20 years when she retires. A) how much does she have to have saved when she retires if her account earns 3.75% compounded monthly? End/Beg (0.25 points) P/Y (0.25 points) C/Y (0.25 points) N (0.5 points) 1/Y 1/Y PV (2 points) PMT (0.5 points) FV (0.25 points) B) Fatima is planning to retire 8 years from now. How much does she need to invest today so it will grow to the balance she requires in part A. The interest on the account is 4.25% compounded quarterly? End/Beg (0.25 points) P/Y (0.25 points) C/Y(0.25 points) N (0.5 points) 1/Y N (0.5 points) 1/Y PV (2 points) PMT (0.5 points) FV (0.25 points)
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