Susan and Jeff each make deposits of 175 at the end of each year for 25 years. Starting at the end of year 26, Susan mak

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

Susan and Jeff each make deposits of 175 at the end of each year for 25 years. Starting at the end of year 26, Susan mak

Post by answerhappygod »

Susan And Jeff Each Make Deposits Of 175 At The End Of Each Year For 25 Years Starting At The End Of Year 26 Susan Mak 1
Susan And Jeff Each Make Deposits Of 175 At The End Of Each Year For 25 Years Starting At The End Of Year 26 Susan Mak 1 (32.34 KiB) Viewed 33 times
solve on paper please
Susan and Jeff each make deposits of 175 at the end of each year for 25 years. Starting at the end of year 26, Susan makes annual withdrawals of X for 20 years and Jeff makes annual withdrawals of Y for 20 years. Both funds have a balance of O after the last withdrawal. Susan's fund earns an annual effective interest rate of 5.5%. Jeff's fund earns an annual effective interest rate of 8.2%. Calculate Y - X
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”