Answer Happy

PREVIOUS ANSWERS WANEFMAC7 3.3.017. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER 6. [0/1 Points] DETAILS Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $700 per month for 10 years, if the account earns 2% per year and if there is to be $10,000 left in the annuity at the end of the 10 years PV = $84264.48 X Need Help? Read It Watch It Submit Answer DETAILS 7. [0/1 Points] PREVIOUS ANSWERS WANEFMAC7 3.3.019. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $500,000 at 5%, paid out monthly for 14 years PMT= $4144.28 X Need Help? Watch It Read It