Calculate the annual rate of return needed to achieve in order to have $1,400,000 at the...
Calculate the annual rate of return needed to achieve in order to have $1,400,000 at the end of 19 years, if you currently have $78,000 in savings and save $18,000 per year.
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Calculate the annual rate of return needed to achieve in order
to have $1,400,000 at the...
Q19) You currently have $1,889.00 in a retirement Savings account that earns an annual return of...
Q19) You currently have $1,889.00 in a retirement Savings account that earns an annual return of 12.67% . You want to retire in 40.0 years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal?
You currently have $4048 in a retirement savings account that earns an annual return of 11%....
You currently have $4048 in a retirement savings account that earns an annual return of 11%. You want to retire in 45 years with $1,000,000. How much more do you need to save at the end of every year to reach your retirement goal? (nearest cent)
please answer all 1. Help the Sampsons determine how much they will have for the children's...
please answer all
1. Help the Sampsons determine how much they will have for the children's education by calculating how much $3,600 in annual savings will accumulate to if they earn interest of (a) 2 percent and (b) 5 percent. Next, determine how much $4,800 in annual savings will accumulate to if they earn interest of (a) 2 percent and (b) 5 percent. Savings Accumulated Over the Next 12 Years (Based on Plan to Save $3,600 per Year at 27...
Calculate the internal rate of return for a machine that costs $500,000 and provides annual revenue...
Calculate the internal rate of return for a machine that costs $500,000 and provides annual revenue of $115,000 per year for 5 years. You can assume all revenue is received once a year at the end of the year
How much should you invest each month in order to have $300,000 if your rate of...
How much should you invest each month in order to have $300,000 if your rate of return is 7% compounded monthly and you want to achieve your goal in 40 years? $ How much interest will you earn? $ How much should you invest each month in order to have $300,000 if you want to achieve your goal in 20 years? $ If you deposit the amount you need to achieve your goal in 20 years, how much will your...
Dave and Sharon Sampson recently established a plan to save $300 per month (or $3,600 per...
Dave and Sharon Sampson recently established a plan to save $300 per month (or $3,600 per year) for their children’s education. Their oldest child is six years old and will begin college in twelve years. They will invest the $300 in a savings account that they expect will earn interest of about 2% per year over the next twelve years. The Sampsons wonder how much additional money they would accumulate if they could earn 5% per year on the savings...
In order for your clients to reach their goal, let's say you've estimated that they need...
In order for your clients to reach their goal, let's say you've estimated that they need to have $76,000 accumulated by the time their child starts college at age 18. To reach that goal, how much do they need to save at the end of each month if their child is currently 8 years old? Assume college expenses inflate at 4.4% per year, and you can earn an annual rate of return of 7.2% on your investments.
In order for your clients to reach their goal, let's say you've estimated that they need...
In order for your clients to reach their goal, let's say you've estimated that they need to have $76,000 accumulated by the time their child starts college at age 18. To reach that goal, how much do they need to save at the end of each month if their child is currently 8 years old? Assume college expenses inflate at 4.4% per year, and you can earn an annual rate of return of 7.2% on your investments.
Prepare your retirement plan as followed: A) Time periods: Estimate how long you have to save...
Prepare your retirement plan as followed: A) Time periods: Estimate how long you have to save and how long you will live after stop working by stating how old you are now ( I am 24) , when you will retire( 60) , and how long you will live(80). (e.g. you are 35 years old, plan to retire at the age of 60 and expected to live until 80, which suggests 25 years of saving period and 20 years of...
For each problem below, write out the formula that is needed to calculate the answer and...
For each problem below, write out the formula that is needed to calculate the answer and then write the answer below it. Example: You put $100 into an investment fund every year and then add another $200 at the end of year 3. If the fund provides a rate of return of 5%, how much money will be available for you to withdraw in year 5? Answer: $100(F/A, 5%, 5) + $200(F/P,5%, 2) $773.06 1) You have just invested a...
please answer all
1. Help the Sampsons determine how much they will have for the children's education by calculating how much $3,600 in annual savings will accumulate to if they earn interest of (a) 2 percent and (b) 5 percent. Next, determine how much $4,800 in annual savings will accumulate to if they earn interest of (a) 2 percent and (b) 5 percent. Savings Accumulated Over the Next 12 Years (Based on Plan to Save $3,600 per Year at 27...
In order for your clients to reach their goal, let's say you've estimated that they need to have $76,000 accumulated by the time their child starts college at age 18. To reach that goal, how much do they need to save at the end of each month if their child is currently 8 years old? Assume college expenses inflate at 4.4% per year, and you can earn an annual rate of return of 7.2% on your investments.
In order for your clients to reach their goal, let's say you've estimated that they need to have $76,000 accumulated by the time their child starts college at age 18. To reach that goal, how much do they need to save at the end of each month if their child is currently 8 years old? Assume college expenses inflate at 4.4% per year, and you can earn an annual rate of return of 7.2% on your investments.
For each problem below, write out the formula that is needed to calculate the answer and then write the answer below it. Example: You put $100 into an investment fund every year and then add another $200 at the end of year 3. If the fund provides a rate of return of 5%, how much money will be available for you to withdraw in year 5? Answer: $100(F/A, 5%, 5) + $200(F/P,5%, 2) $773.06 1) You have just invested a...
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