# Math Problem Set 2

#2) As part of your retirement planning, you purchase an annuity that pays 3.9% annual interest compounded quarterly a. If you make quarterly payments of $1600 how much will you have saved in 5 years? b. Instead, if you make quarterly payments of $800, how much will you have saved in 10 years? #1) You plan to purchase a house for $ 375,000 and […]