

Annuity Withdrawals and Interest Calculations
Interactive Video
•
Mathematics
•
10th - 12th Grade
•
Practice Problem
•
Hard
+1
Standards-aligned
Olivia Brooks
FREE Resource
Standards-aligned
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the annual withdrawal amount in the given problem?
$35,000
$30,000
$25,000
$20,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many years are the withdrawals planned for in the example?
15 years
10 years
20 years
12 years
Tags
CCSS.HSA.SSE.B.4
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'P sub zero' represent in the payout annuity formula?
Initial account balance
Number of years
Interest rate
Annual withdrawal amount
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the annual interest rate expressed in the formula?
As a percentage
As a fraction
As a decimal
As a whole number
Tags
CCSS.8.EE.C.7B
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the value of 'k' in this example?
4
2
1
0
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the calculated initial balance required to meet the withdrawal goal?
$300,000
$259,491.45
$200,000
$375,000
Tags
CCSS.HSF.BF.A.2
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much total money will be withdrawn from the account over 15 years?
$250,000
$375,000
$300,000
$350,000
Tags
CCSS.HSF.BF.A.2
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