Find the amount needed to deposit into an account today that will yield a typical pension...

Find the amount needed to deposit into an account today that will yield a typical pension payment of $35,000 at the end of each of the next 30 years for the given annual interest rate. (Round your answer to the nearest cent.)

7.7%

$_______

Solutions

Expert Solution

Amount needed to deposit (C=A/B)	$ 4,05,443
			Amount needed to deposit (C=A/B)	$ 4,05,443

Calculation of amount needed to deposit into an account today

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jeff jeffy answered 1 year ago

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