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a. You have $180,000 in an account earning 1.8% per year. You plan to make 12...

a. You have $180,000 in an account earning 1.8% per year. You plan to make 12 annual withdrawals out of this account starting 4 years from today. What are the equal annual withdrawals you can make that will deplete the account at the end?
a. $17,736.66
b. $19,142.53
c. $12,742.71
d. $15,351.41
e. $21,669.66
f. $15,878.98
g. $12,918.79

b. You'd like to buy a 40-foot used catamaran in 14 years for $450,000. You already have $82,000 saved in an account earning a monthly interest rate of 0.15%. Your plan is to make monthly deposits into this account in order to save enough to buy the catamaran. How much would you need to save monthly?
a. $672.32
b. $2,010.88
c. $2,649.24
d. $1,618.12
e. $1,804.69
f. $1,586.13
g. $2,382.53

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