document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1127923>Question 1127923</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Beginning at age 35, Yoshi paid $400 per month into an ordinary annuity that paid 5.4% interest. As retirement age approached, Yoshi wanted to know the amount of the annuity at several different ages to help plan when to retire. Help Yoshi by finding the amount of the annuity when Yoshi is the following ages. (Round your final answer to two decimal places.)<BR>\n" );
document.write( "(a) 65 years old<BR>\n" );
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document.write( "(b) 66 years old<BR>\n" );
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document.write( "(c) 67 years old<BR>\n" );
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document.write( "(d) 68 years old<BR>\n" );
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document.write( "(e) 69 years old<BR>\n" );
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document.write( "(f) 70 years old<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #744406 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=744406\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=p(1+.054/12)^360-1/(.054/12)<BR>\n" );
document.write( "=400*896.61 (but use unrounded and round at end)<BR>\n" );
document.write( "=$358645.35<BR>\n" );
document.write( "for age 65\r<BR>\n" );
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document.write( "for age 70 use 420 for the exponent<BR>\n" );
document.write( "=400*1242.525=$497,010.08<BR>\n" );
document.write( "The other ones will be 12 more months in the exponent from 360 to 420.<BR>\n" );
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