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Larry wants to start a that will have $410,000 in it when he retires in 21 years. How much should he invest semiannually to do this if the interest is 6% compounded
Homework Answers
Larry wants to start an IRA that will have $420,000 in it when he retires in...
Larry wants to start an IRA that will have $420,000 in it when he retires in 29 years. How much should he invest semiannually in his IRA to do this if the interest is 6% compounded semiannually? A- $2354.65 B- $9288.16 C- $2767.16 D- $2754.16 E- $888.61
Joe wants to start an SEP-IRA that will have $460,000 in it when he retires in...
Joe wants to start an SEP-IRA that will have $460,000 in it when he retires in 15 years. How much should he invest semiannually in his IRA to do this if the interest is 15% compounded semiannually? Round to the nearest cent OA. $17,612.13 O B. $4435.77 OC. $4448.77 O D. $4790.74
math
Joan wants to start an IRA that will have $250,000 in it when she retires in 22 years. How much should she invest annually in her IRA to do this if the interest is 8% compounded annually? Round to the nearest cent.
Use Future Value and Present Value Tables 1.Cathy Lumbattis inherited $140,000 from an aunt. If Cathy...
Use Future Value and Present Value Tables 1.Cathy Lumbattis inherited $140,000 from an aunt. If Cathy decides not to spend her inheritance but to leave the money in her saving account until she retires in 15 years, how much money will she have, assuming an annual interest rate of 8% compounded semiannually. 2. LuAnn Bean will receive $7,000 in 7 years. What is the present value at 7% compounded annually? 3. Ed Walker wants to save some money so...
A woman buys an investment that pays 8% compounded semiannually. She wants $75,000 when she retires...
A woman buys an investment that pays 8% compounded semiannually. She wants $75,000 when she retires in 15 years. How much should she invest? See Example 7. Find the present value. (Round your final answer to two decimal places) $ 23123.90 ✓ Need Help? This to a Tutor
sam long anticipates he will need approximately 225,400 in 13 years to cover his 3 year...
sam long anticipates he will need approximately 225,400 in 13
years to cover his 3 year okd daughters college bills for a 4 year
degree. how much would he have to invest today at an interest rate
of 6 percent compounded semiannually?
Sam Long anticipates he will need approximately $225,400 in 13 years to cover his 3-year-old daughter's colege bills for a 4-year degree. How much would he have to invest today at an interest rate of 6 percent compounded...
6-3. Calculating the future value of an ordinary annuity) (Related to Finance for Life: Sa ing...
6-3. Calculating the future value of an ordinary annuity) (Related to Finance for Life: Sa ing for Retirement on page 204) Mike, 30, has started a small business and wants to start saving for his retirement when he turns 65. He has decided to invest £0,000... end of every year in a pension plan that earns him 6 percent compounded annan How much will Mike get when he retires? Mike then decided to keep reinvesting the profits in his business...
Gordon Gekko wants to invest 50 thousand dollars into a 10-year CD compounded semiannually with an...
Gordon Gekko wants to invest 50 thousand dollars into a 10-year CD compounded semiannually with an annual interest rate of 3%. If Gordon leaves the money in the CD for all 10 years, how much money will he have when the CD matures? Round your answer to the nearest cent.
BE6-3 (L02) Candice Willis will invest $30,000 today. She needs $150,000 in 21 years. What annual...
BE6-3 (L02) Candice Willis will invest $30,000 today. She needs $150,000 in 21 years. What annual interest rate must she earn? BE6-6 (L03) Steve Madison needs $250,000 in 10 years. How much must he invest at the end of each year, at 5% interest, to meet his needs? BE6-7 (L02) John Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $400,000. He estimates that the boat...
U. LUU d ual inance for Life: Say. usiness and wants to 6-3. (Calculating the future...
U. LUU d ual inance for Life: Say. usiness and wants to 6-3. (Calculating the future value of an ordinary annuity) (Related to Finance for Life ing for Retirement on page 204) Mike, 30, has started a small business and we start saving for his retirement when he turns 65. He has decided to invest £6,000 end of every year in a pension plan that earns him 6 percent compounded annually How much will Mike get when he retires? Mike...
Joe wants to start an SEP-IRA that will have $460,000 in it when he retires in 15 years. How much should he invest semiannually in his IRA to do this if the interest is 15% compounded semiannually? Round to the nearest cent OA. $17,612.13 O B. $4435.77 OC. $4448.77 O D. $4790.74
A woman buys an investment that pays 8% compounded semiannually. She wants $75,000 when she retires in 15 years. How much should she invest? See Example 7. Find the present value. (Round your final answer to two decimal places) $ 23123.90 ✓ Need Help? This to a Tutor
sam long anticipates he will need approximately 225,400 in 13
years to cover his 3 year okd daughters college bills for a 4 year
degree. how much would he have to invest today at an interest rate
of 6 percent compounded semiannually?
Sam Long anticipates he will need approximately $225,400 in 13 years to cover his 3-year-old daughter's colege bills for a 4-year degree. How much would he have to invest today at an interest rate of 6 percent compounded...
6-3. Calculating the future value of an ordinary annuity) (Related to Finance for Life: Sa ing for Retirement on page 204) Mike, 30, has started a small business and wants to start saving for his retirement when he turns 65. He has decided to invest £0,000... end of every year in a pension plan that earns him 6 percent compounded annan How much will Mike get when he retires? Mike then decided to keep reinvesting the profits in his business...
Gordon Gekko wants to invest 50 thousand dollars into a 10-year CD compounded semiannually with an annual interest rate of 3%. If Gordon leaves the money in the CD for all 10 years, how much money will he have when the CD matures? Round your answer to the nearest cent.
U. LUU d ual inance for Life: Say. usiness and wants to 6-3. (Calculating the future value of an ordinary annuity) (Related to Finance for Life ing for Retirement on page 204) Mike, 30, has started a small business and we start saving for his retirement when he turns 65. He has decided to invest £6,000 end of every year in a pension plan that earns him 6 percent compounded annually How much will Mike get when he retires? Mike...
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