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You plan to retire when you are 65th years old. You are now 25 years old. You plan to buy a pension annuity that will pay you $100,000 per year starting one year after you turn 65 and continuing until you celebrate your 80th birthday. The pension plan requires you make equal quarterly contributions starting one quarter after your 25th birthday and until you have reached your 65th birthday. If the interest rate assumed throughout this plan is 4% per year, what is the quarterly contribution (or policy premium)?
ANSWER: Quarterly premium _____________
how to find out percentage error?
The area of a square is 64 cm 2 . What is the length of one side of the square? To find out the area of a square, you multiply the length of a side through itself, because all
Jason made 10 two-point baskets and 2 three-point baskets within Friday's basketball game. He did not score any other points. How many points did he score? Find out the number
/3x-5/-x-7=0
how to find length of sutangent
log2(x^2)=(log2(x))2
1. Let A = {1,2, 3,..., n} (a) How many relations on A are both symmetric and anti-symmetric? (b) If R is a relation on A that is anti-symmetric, what is the maximum number o
Twins Olivia and Chelsea and their friend Rylee were celebrating their fourteenth birthdays with a party at the beach. The first fun activity was water games. As Nicole arrived, sh
You have just renegotiated the interest rate of your home mortgage loan. (This is called rate modification.) The original loan of $400,000 carries an interest rate is 6% has an or
Find quadratic equation using the Quadratic Formula: Solve the subsequent quadratic equation using the Quadratic Formula. 4x 2 + 2 = x 2 - 7x: Solution: Step 1.
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