How many payments can sasha expect to receive

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Reference no: EM132078578

Question: Sasha plans to retire in 6 years from today with 531,606 dollars in her retirement account, which has an annual return of 9.42 percent. If she receives 103,000 dollars per year from her account and she receives her first 103,000 dollar payment in 6 years from today, then how many payments of 103,000 dollars can Sasha expect to receive? Round your answer to 2 decimal places (for example, 2.89, 0.70, or 1.00).

Reference no: EM132078578

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