Mathematics, 08.01.2020 15:31 jaylanwest12
As part of your retirement plan, you want to set up an annuity in which a regular payment of $80,121 is made at the end of each year. you need to determine how much money must be deposited earning 10% compounded annually in order to make the annuity payment for 20 years. round your answer to the nearest cent.
a.
$680,153.78
c.
$682,115.24
b.
$681,426.87
d.
$683,759.64
Answers: 3
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As part of your retirement plan, you want to set up an annuity in which a regular payment of $80,121...
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