Question: please show simple steps How many payments can Curtis expect to receive in retirement? He expects to earn 7.77 percent in his retirement account. He

please show simple steps

How many payments can Curtis expect to receive in retirement? He expects to earn 7.77 percent in his retirement account. He plans to save $22,900.00 per year in his retirement account for 6 years, with his first savings contribution to his retirement account expected today. In retirement, Curtis plans to withdraw $30,400.00 per year for as long as he can, with his first retirement payment received in 6 years.(Round the value to decimal places)

Selected Answer:

8

Correct Answer:

7.44

Answer range +/-

0.01488 (7.42512 - 7.45488 )

Mark wants to retire with $1,049,000.00. How much does Mark need to save each year for 9 years if he wants to retire in exactly 9 years, can earn 12.37 percent on his savings, starts saving in exactly 1 year, saves an equal amount each year, and has $40,000.00 in his account today?(Round the value to 0 decimal and enter the positive value)

Selected Answer:

0

Correct Answer:

62,278

Answer range +/-

124.556 (62153.444 - 62402.556 )

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