Part 1 of 2 a If the retirement account will pay 27 percent annually how much money will Mr Burns need when he retires SI

Question

Part 1 of 2 a If the retirement account will pay 27 percent annually how much money will Mr Burns need when he retires SI billion Round to three decimal places Points 0 of 1 Future value of a complex annuity Springfield mogul Montgomery Burns age 85 wants to retire at age 100 so he can steal candy from babies full time Once Mr Burns retires he wants to withdraw 0 8 billion at the beginning of each year for 7 years from a special offshom account that will pay 27 percent annually In order to fund his retirement Mr Burns will make 15 equal end of the year deposits in this same special account that will pay 27 percent annually How much money will Mr Burns need at age 100 and how large of an annual deposit must he make to fund this retirement account C Save

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