thdraw periodically in order to make the account last the specified amount of time. Round your answer to the nearest cent.
Account balance: $300,000
Interest rate: 4.45%
Frequency daily
Time: 22 years
Regular withdrawal amount: $
12. You expect to have the given amount in an account with the given terms. Find how much you can withdraw periodically in order to make the account last the specified amount of time. Round your answer to the nearest cent.
Account balance: $550,000
Interest rate: 3.35%
Frequency daily
Time: 25 years
Regular withdrawal amount: $
13. You deposit $5000 each month into an account earning 4.5% interest compounded monthly.
(a) How much will you have in the account in 25 years? $
(b) How much total money will you put into the account? $
(c) How much total interest will you earn over the 25 years? $
14. You deposit $5000 each quarter into an account earning 3.5% interest compounded quarterly.
(a) How much will you have in the account in 10 years? $
(b) How much total money will you put into the account? $
(c) How much total interest will you earn over the 10 years? $
15. Angela has $550,000 saved for retirement in an account earning 3.05% interest, compounded weekly. How much will she be able to withdraw each week if she wants to take withdrawals for 25 years? Round your answer to the nearest dollar.
$
month if you borrow the same amount at the APR for 30 years you will pay $987.90 per month ....
What is the total interest paid on the 25 year mortgage
What is the total interest paid on the 30 year mortgage
or 48 months with an APR of 4.5%. Assuming she makes monthly payments, determine the total interest Christina pays over the life of the loan. Round your answer to the nearest cent, if necessary.