Question 3 of 6 Christine invested $12,000 into a fund earning 7.75% compounded monthly. She plans to withdraw $750 from
Posted: Mon Apr 25, 2022 8:43 am
- Question 3 Of 6 Christine Invested 12 000 Into A Fund Earning 7 75 Compounded Monthly She Plans To Withdraw 750 From 1 (87.66 KiB) Viewed 36 times
- Question 3 Of 6 Christine Invested 12 000 Into A Fund Earning 7 75 Compounded Monthly She Plans To Withdraw 750 From 2 (93.14 KiB) Viewed 36 times
Question 3 of 6 Christine invested $12,000 into a fund earning 7.75% compounded monthly. She plans to withdraw $750 from the fund at the end of every quarter. If the first annuity withdrawal is to be made 3 years from now, how long will it take for the fund to be depleted? 6 years 7 months 7 Express the answer in years and months, rounded to the next period
Question 1 of 6 How much would a business have to invest in a high-growth fund to receive $18,000 every month for 7 years, receiving the first payment 3 years from now? The investment 3 earns interest at 5.50% compounded monthly. $ $1,062,477.10 x Round to the nearest cent