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Mathematics, 25.09.2021 14:00 ToonGamesToo
Fred Flintstone determines that he can save $200 a month from the ages of 35 to 60 with an APR= 4.35%. How much money will be in his annuity at the age of 60? He plans that he will be able to "pay" himself $500 monthly for twenty-five years from ages 60 to 85 with a APR of 5.2%. Round to the nearest dollar
He saves :
He needs:
Will he have saved enough ? If not, determine the amount he needs to save monthly from ages 35 to 60 in order to have reached his goal.
Round to the nearest dollar.
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Fred Flintstone determines that he can save $200 a month from the ages of 35 to 60 with an APR= 4.35...
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