Retirement Planning
You want to have a million dollars in the bank when you retire. You think you...
You want to have a million dollars in the bank when you retire. You think you can save $5 000 this year, and increase that by $100 every subsequent year, in a bank that offers you 5% interest. If you make your first deposit in a year's time, how many years will it be from now before you can retire? Select one: O a. 35 O b. 40 O c. 50 O d. 30 0 0 0 0
You want to have a million dollars in the bank when you retire. You think you can save $5 000 this year, and increase that by $100 every subsequent year, in a bank that offers you 5% interest. If you make your first deposit in a year's time, how many years will it be from now before you can retire? Select one: a. 45 b. 50 c. 35 d. 40 e. 30
n 18 You want to have a million dollars in the bank when you retire. You think you can save $5 000 this year, and increase that by $100 every subsequent year, in a bank that offers you 5 % interest. If you make your first deposit in a year's time, how many years will it be from now before you can retire? answered out of 1.00 g question Select one: a. 45 b. 30 C. 40 d. 50 е....
When you retire 50 years from now, you want to have $2,000,000 million. You think you can earn an average of 8 percent on your investments. To meet your goal, you are trying to decide whether to deposit a lump sum today, or to wait and deposit a lump sum 2 years from today. How much more will you have to deposit as a lump sum if you wait for 2 years before making the deposit? Group of answer choices...
3(a). You want to retire 50 years from now, and you want access to ten million dollars ($10,000,000) when you do. You decide to put some money towards buying a certificate of deposit that’ll be worth 10 mil in 50 years. The CD has an annual interest rate of 8%, and it compounds quarterly. How much do you have to put into this deposit?3 (b). Let’s say you put an equal amount of money into a simple interest account with...
You want to have $3 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 13 percent and the inflation rate is 3.5 percent. What real amount must you deposit each year to achieve your goal?$8,463.06$2,959.44$8,886.21$8,801.58$8,039.91
You
want to have $2.45 million when you retire in 37 years. You feel
that you can save $420 per month until you retire. What APR do you
have to earn in order to achieve your goal ?
You want to have $2.45 million when you retire in 37 years. You feel that you can save $420 per month until you retire. What APR do you have to earn in order to achieve your goal? Multiple Choice
You want to have $10 million dollars when you retire in 45 years. How much do you have to invest each month if you can earn 13% annual return (compounded monthly) on your investment?
You want to have $3 million when you retire in 38 years. You
feel that you can save $670 per month until you retire. What APR do
you have to earn in order to achieve your goal?
MC algo 5-41 Calculating Annuity Interest Rates You want to have $3 million when you retire in 38 years. You feel that you can save $670 per month until you retire. What APR do you have to earn in order to achieve your goal? Multiple Choice 10.56% 8.77% 10.86% 10.10% 9.50%