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Unformatted text preview: depositing $2,000 at the end of each year starting at age 20 with her last deposit at age 65. What annual rate of return must Lisa earn in order to reach her goal? 5. How much money would Fry have in his bank account in the year 3000 from the $0.93 deposited in the year 2000 if the 2.25% annual rate was compounded semi-annually? 6. Lisa Simpson will have $1,000,000 in her Roth IRA when she turns 65. Once Lisa turns 65, she wants to make equal beginning of the month withdrawals from her IRA which has an expected return of 8.4% APR compounded monthly. How large will Lisas monthly withdrawals be if she wishes to make these withdrawals for 25 years?...
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- Fall '09