Collin would like to have a retirement fund that has a first annual payout of $50,000, and his retirement is planned for

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Collin would like to have a retirement fund that has a first annual payout of $50,000, and his retirement is planned for

Post by answerhappygod »

Collin Would Like To Have A Retirement Fund That Has A First Annual Payout Of 50 000 And His Retirement Is Planned For 1
Collin Would Like To Have A Retirement Fund That Has A First Annual Payout Of 50 000 And His Retirement Is Planned For 1 (18.57 KiB) Viewed 55 times
Collin would like to have a retirement fund that has a first annual payout of $50,000, and his retirement is planned for 20 years. If Collin's account carns 5.4% APR, use a COLA of 3.3% to calculate the amount needed in the retirement account when Collin retires. 1-(#*:) Recall the COLA formula FV = pmt. TC Submit Question
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply