Question 14 1 pts You currently have $39471 in an account that pays 5 percent interest. You plan to deposit in this acco

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Question 14 1 Pts You Currently Have 39471 In An Account That Pays 5 Percent Interest You Plan To Deposit In This Acco 1 (36.54 KiB) Viewed 43 times

Question 14 1 Pts You Currently Have 39471 In An Account That Pays 5 Percent Interest You Plan To Deposit In This Acco 2 (40.4 KiB) Viewed 43 times

Question 14 1 pts You currently have $39471 in an account that pays 5 percent interest. You plan to deposit in this account $3581 at the end of each year until the account reaches $124578. How long would that take? Enter your answer in 4 decimals (e.g. 5.1234).

Question 15 2 pts You estimate that you have thirty years to retirement and are just starting your plan. You will deposit $600 into a stock account and $450 into a bond account each month from here on out. You estimate that your annual rate of return in the stock account will be 10% and the rate on the bond account will be 5.5%. When you retire you will combine the monies from these two accounts and deposit them into more liquid accounts to use for personal expenses on a monthly basis. You expect to earn 2% annually on this account in retirement and will use these funds (and only these funds) for twenty years. If you follow this plan how much per month can you withdraw in retirement?