1 to compute how much you would need to save each year for, Ask an Expert

Finance

1. To compute how much you would need to save each year for the next 25 years to allow you to withdraw $20,000.00 for the following 30 years, you would need to use the __________ .

future value of an annuity

present value of an annuity

both future and present value of an annuity

both present and future value of $1.00

2. Aaron wants to put $200.00 per month into an IRA account at 15% for four years. What is he solving for using his financial calculator?

present value

future value

interest rate

payment

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92796051

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