Question

Alice Wolf wants to know how much she will have to invest today in order to receive an annuity of $6,000 for four years if interest is earned at 10 percent annually. She will make all her withdrawals at the end of each year. How much should Alice invest? (Using the Calculator)

Answer 1

We do not do your work for you. Once you have attempted to answer your questions, we will be happy to give you feedback on your work. Although it might require more time and effort, you will <I>learn more</I> if you do your own work. Isn't that why you go to school?

Answer 2

61934l

Answer 3

45,000

Answer 4

675 peercent