A woman, with her employers matching program, contribute $500 at the end of each month to...
Homework Answers
rate positively ..
| Step -1 | First we have to compute the future value of the investment | ||||||
| put in financial calcuator - | |||||||
| PV | 0 | ||||||
| PMT | -500 | ||||||
| I | 6%/12 | 0.50% | |||||
| N | 42*12 | 504 | |||||
| compute FV | $1,135,080.10 | ||||||
| Step -2 | we have to compute the monthly withdrawal using the PV computed above | ||||||
| put in calculator- | |||||||
| FV | 0 | ||||||
| PV | ($1,135,080.10) | ||||||
| I | 4%/12 | 0.3333% | |||||
| N | 34*12 | 408 | |||||
| compute PMT | $5,093.99 | ||||||
| ans = | $5,093.99 | ||||||
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woman, with her employers matching program, contribute $500 at the
end of each month to...
A woman, with her employer's matching program, contributes $500 at the end of each month to...
A woman, with her employer's matching program, contributes $500 at the end of each month to her retirement account, which earns 6% interest, compounded monthly. When she retires after 41 years, she plans to make monthly withdrawals for 26 years. If her account earns 5% interest, compounded monthly, then when she retires, what is her maximum possible monthly withdrawal (without running out of money)? The maximum possible monthly withdrawal is approximately $ (Simplify your answer. Round to the nearest cent...
A woman, with her employer's matching program, contributes $500 at the end of each month to...
A woman, with her employer's matching program, contributes $500 at the end of each month to her retirement account, which earns 7% interest, compounded monthly. When she retires after 46 years, she plans to make monthly withdrawals for 32 years. If her account earns 5% interest, compounded monthly, then when she retires, what is her maximum possible monthly withdrawal (without running out of money)? | The maximum possible monthly withdrawal is approximately $ (Simplify your answer. Round to the nearest...
A woman, with her employer’s matching program, contributes $200 at the end of each month to...
A woman, with her employer’s matching program, contributes $200 at the end of each month to her retirement account, which earns 8% interest, compounded monthly. When she retires after 48 years, she plans to make monthly wothdrawals for 35 years. If her account earns 6% interest, compunded monthly, then when she retires, what is her maximum possible monthly withdrawal (without running out of kindh)?
please show all your work i am really trying to understand how to solve these a...
please show all your work i am really trying to understand how to
solve these
a woman, with her employers matching program, contributes $700
at the end of each month to her retirement account, which earns 9%
interest, compounded monthly. when she retires after 47 years, she
plans to make monthly withdrawals for 31 years. if her account
earns 7% interest, compounded monthly, then when she retires, what
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please show all your work i am really trying to understand how to solve these The...
please show all your work i am really trying to understand how to
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1. Lulu started saving $200/month in a 401(k) earning 6% interest compounded monthly when she was 45 years old. How much will be in her account when she retires at age 65? 2. How much money did Lulu deposit into her account over the course of the 20 years? 3. What dollar amount of interest did her account earn? 4. Murphy started putting $100/month into his 401(k) earning 6% APR when he was 25 years old. How much will be...
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TVM solver calculator:) (e) Trudy is planning for her retirement from her job as a chemist. When she retires, she...
TVM solver
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(e) Trudy is planning for her retirement from her job as a chemist. When she retires, she would like to receive $300 at the end of each month for 15 years from a retirement income fund (RIF) that earns 5%/a, compounded monthly. How much money would she need to establish the RIF at the beginning of her retirement?
(e) Trudy is planning for her retirement from her job as a chemist. When she retires, she would like...
A woman, with her employer's matching program, contributes $500 at the end of each month to her retirement account, which earns 6% interest, compounded monthly. When she retires after 41 years, she plans to make monthly withdrawals for 26 years. If her account earns 5% interest, compounded monthly, then when she retires, what is her maximum possible monthly withdrawal (without running out of money)? The maximum possible monthly withdrawal is approximately $ (Simplify your answer. Round to the nearest cent...
A woman, with her employer's matching program, contributes $500 at the end of each month to her retirement account, which earns 7% interest, compounded monthly. When she retires after 46 years, she plans to make monthly withdrawals for 32 years. If her account earns 5% interest, compounded monthly, then when she retires, what is her maximum possible monthly withdrawal (without running out of money)? | The maximum possible monthly withdrawal is approximately $ (Simplify your answer. Round to the nearest...
please show all your work i am really trying to understand how to
solve these
a woman, with her employers matching program, contributes $700
at the end of each month to her retirement account, which earns 9%
interest, compounded monthly. when she retires after 47 years, she
plans to make monthly withdrawals for 31 years. if her account
earns 7% interest, compounded monthly, then when she retires, what
is her macimum monthly withdrawal (without running out of
money)?
A woman...
please show all your work i am really trying to understand how to
solve these
The number of enrolles (in thousands) enrolled in a bachelor's degree program can be approximated by the function () 21. (1.11)", where xd corresponds the year 2004. Find the first full year in which the number of enroles first exceeded 90,000 Show all of your work on paper and submit it on canvas. your wort get any credit for the answer without submission on Canva...
please show all your work i am really trying to understand how to
solve these
Solve the equation log 4(x +61)+ log 4(x - 2) = 3 Show all of your work on paper and submit it on canvas. your won't get any credit for the last answer without submission on Canvas Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The solution(s) is/are x = (Simplify your answer. Use...
1. Lulu started saving $200/month in a 401(k) earning 6% interest compounded monthly when she was 45 years old. How much will be in her account when she retires at age 65? 2. How much money did Lulu deposit into her account over the course of the 20 years? 3. What dollar amount of interest did her account earn? 4. Murphy started putting $100/month into his 401(k) earning 6% APR when he was 25 years old. How much will be...
TVM solver
calculator:)
(e) Trudy is planning for her retirement from her job as a chemist. When she retires, she would like to receive $300 at the end of each month for 15 years from a retirement income fund (RIF) that earns 5%/a, compounded monthly. How much money would she need to establish the RIF at the beginning of her retirement?
(e) Trudy is planning for her retirement from her job as a chemist. When she retires, she would like...
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