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This is attempt 1 of 2. 1:22:20 Teil A retirement account has $300,000.00 that will be used to start an annuity that earns an annual rate of 6.4%, compounded monthly. This annuity will provide $2,200.00 in payments at the end of each month during the next 20.36 years. Identify the following: Type of annuity: payout ordinary annuity Value of this annuity at the beginning: dollars Value of this annuity at the end: dollars Duration of the annuity: t = 20.36 years Number of payments: n = 12 Amount of each payment: 2200 dollars Annual interest rate: r = 0.064 Interest rate of one period: i = Question 8. Points possible: 8 This is attempt 1 of 2. A person creates a sinking fund by setting aside $960 to be invested at the beginning of every 2 months at 6.3% compoun CYCY 2 months, to pay off a debt of $34,000.00 in 5 years. 1.21.Jo Temal Question 8. Points possible: 8 This is attempt 1 of 2. A person creates a sinking fund by setting aside $960 to be invested at the beginning of every 2 months at 6.3% compounded every 2 months, to pay off a debt of $34,000.00 in 5 years. Identify the following: Type of annuity: Select an answer Value of this annuity at the beginning: dollars Value of this annuity at the end: dollars Duration of the annuity: t = 5 years Number of payments: n = Amount of each payment: dollars Annual interest rate: T = .063. Interest rate of one period: i = Question 9. Points possible: 8 This is attempt 1 of 2. Colton has 4 years to save enough money to pay certain debt in full. During that time, he deposits $1.000 every month at the A small business owner has $10,945.72 set aside in a fund to be used for a project that will take 9 years. He plans to withdraw money from this fund at the end of each year. The fund earns annual 6.8% compounded annually. Unfortunately, the business owner faces difficulty dealing with the fund manager, who says that the money has to be locked in for 2 years (no withdrawals during that period). Thus, the start of the project will be deferred for 2 years, but still will take 9 years after that deferred time. How much can the business owner withdraw from this fund at the end of each year after the lock in period? Write your answer and upload your work. The business owner can withdraw $ each year. Choose File No file chosen Question 12. Points possible: 8 This is attempt 1 of 2

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