To compute how much you would need to save each year

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Reference no: EM131958394

1. To compute how much you would need to save each year for the next 25 years to allow you to withdraw $20,000.00 for the following 30 years, you would need to use the __________ .

future value of an annuity

present value of an annuity

both future and present value of an annuity

both present and future value of $1.00

2. Aaron wants to put $200.00 per month into an IRA account at 15% for four years. What is he solving for using his financial calculator?

present value

future value

interest rate

payment

Reference no: EM131958394

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