You spend about $40,000 in a year now. If prices increase 2.2% per year, how much...
1- How much money must you invest today in order to grow to a value of $100,000 in 30 years if your money grows at 5%? 2-A family spends $47000 in a year for living expenses. If prices increase 3% per year for the next 4 years, what amount will the family need for their living expenses for a year after 4 years?
How much money can a production company that makes fluidized bed scrubbers spend now instead of spending $135,000 in year 5 if the interest rates are estimated to be 7% per year in years 1 to 3 and 13% per year in years 4 and 5? The company can spend $
You plan to retire 30 years from now. You will save $5,000 per year for the next 15 years, and then $7,000 for the 15 years after that. You can earn 9% on your savings. How much will you have 30 years from now? Round your answer tothe nearest whole number,for example 1441. You will save $4,000 per year for the next 30 years. You will earn 10% on your savings. At the end of 30 years, you will retire,...
Question 1: You have $40,000 to spend at the beginning of this year and $50,000 at the beginning of next year. By lending the $40,000 out at the beginning of the year at 5% (simple) interest rate, how much can you spend at the beginning of the next year? Suppose you will receive $50,000 next year, but would like to be able to spend the full amount this year ($90,000). What is the maximum amount of money you can burrow...
How much money could Honda Inc., a motor maker, afford to spend now on new project instead of spending $900,000 eight years from now, if the company’s rate of return is 15% compound interest per year? $548,780 $294,210 $514,400 $1,665,800
of per year How much could Ahmad's Construction Company afford to spend on new weet each year for the next 3 years if it expects a profit of $50 million 3 years from now? Assume the company's MARR is 20% per year ras Construction wants to have enough money available 5 years from now to purchase a ne ctor-trailer. If the estimated cost is $250,000, how much should the company set aside cac ar if the funds eam 10% per...
We need to spend $20,000 per year for 3 years on new restaurant equipment. How much do we need to have in an account to afford this if we earn 5% on our investments? __________________ 20,000 _________ _______ N _______ 1/Y CPT _______ Answer: _____________
After you graduate you get a job paying $40,000 per year. Over the following three years a price index rises from 100 to 110. To maintain the purchasing power of your salary, how much must you be paid after three years? (Type your answer as a 5-digit number. Do not use a $" sign.)
What amount must be set aside now to generate payments of $40,000 at the beginning of each year for the next 10 years if money is worth 5.80%, compounded annually (Round your answer to the nearest cent Need Help? Rends We Talk to Tur Suppose an annuity will pay $14,000 at the beginning of each year for the next years. How much money is needed to start this annuity if it earns 7.7%, compounded annually (Round your answer to the...
A couple will retire in 40 years; they plan to spend about $31,000 a year in retirement, which should last about 20 years. They believe that they can earn 7% interest on retirement savings. a. If they make annual payments into a savings plan, how much will they need to save each year? Assume the first payment comes in 1 year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. How would the answer to part...