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Chapter 5 Review Pg. 2

Chapter 5 Review Pg. 2 - Final Exam Practice Problems —...

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Unformatted text preview: Final Exam Practice Problems — Finance Copyright @2004 Janice Epstein. All rights reserved 2. You want to have $1,000,000 to retire on. You decide to make yearly deposits to a retirement account that pays 8% compounded . If you work 45 years, (a) how large are the yearly payments? (b) how much interest have you earned? M: Lit) 9k i T: <80 PLO PmTr-g "—2" Hr: tDoODOO PM... $1; a) ©mT-‘r 35W 153 in) i000 9000-— —45(&687 2%) «sigma 40 Final Exam Review Part 2 2 @2004 Janice Epstein. Al] rights reserved ...
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