Homework Answers
Answer. $9976.23
It is assumed that there are 52.18 weeks in a year
First, we will convert intrest rate per year into interest rate
per annum payble weekly.
Then, we will use this formula in the following equation-
![Let I be the weekly dehost 1531991 = D x S 16 (52.18) 1531 991= Dx i x 5201 @i (52-18) 1531991 D x 0.1179 x[1.11792-1] 011571](http://img.homeworklib.com/questions/80c120e0-291b-11eb-aa7f-c76001323eeb.png?x-oss-process=image/resize,w_560)
Add Answer to:
You are saving up to retire in 26 years. If you would like to have $1,531,991...
When you retire 50 years from now, you want to have $2,000,000 million. You think you...
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...
4. You plan to retire in 35 years and would like to have $1.5 million in...
4. You plan to retire in 35 years and would like to have $1.5 million in your savings account when you do. What annual rate of return would you need to achieve to reach your goal if you thought you could deposit $8,000 in your investment account at the end of each year for the next 35 years
You would like to start saving for retirement and you have 40 years until the planned...
You would like to start saving for retirement and you have 40 years until the planned retirement date. Each year, during your retirement years (assume 30 years), you would like to spend an amount equivalent to the purchasing power of $50,000 today. You estimate that the expected rate of return on some recommended investment portfolio is 8%AER and you plan to select that portfolio during the working (savings) years. Assume 4%AER yield on your investments during retirement years. The annual...
You hope to retire in 30 years, when you do, you would like to have the...
You hope to retire in 30 years, when you do, you would like to have the purchasing power of $100,000 today, during each year of retirement. Your cash is needed at the beginning of each year of retirement. Inflation is expected to be 3% per year from now until the end of your retirement. Your retirement will last 25 years, you expect your 401k to earn 5% per year during your retirement years. How much money do you need at...
You fell that you can retire, if you have the equivalent of $2 million of today’s...
You fell that you can retire, if you have the equivalent of $2 million of today’s purchasing power in your retirement account when you retire. Currently, you have $50,000 in this account and you anticipate that your investments will earn an average return of 6% per year (APR with monthly compounding). You expect to inflation to average 2% per year (also APR with monthly compounding). You want to retire exactly 30 years from today. You plan to start putting the...
You have decided to start saving for retirement. You currently have $10,000 and you have decided...
You have decided to start saving for retirement. You currently have $10,000 and you have decided to invest in the stock market. You expect your average annual return to be 10%. You plan on retiring in 30 years. Your goal is to have $1,500,000 by the time you retire. How much additional money do you need to deposit each year (at the end of the year) to reach your goal? Assume that plan on contributing an additional $10,000 each year....
1. You are saving for retirement. You have decided that one year from today you will...
1. You are saving for retirement. You have decided that one year from today you will begin investing 10 percent of your annual salary in a mutual fund which is expected to earn a return of 12 percent per year (compounded semi-annually). Your present salary is $30,000, and you expect that it will grow by 4 percent per year throughout your career (consequently, your investment at time 1 will be $3,000, your investment at time 2 will be $3,120, etc.)....
You are excited to start investing and have found an ETF that you hope will continue...
You are excited to start investing and have found an ETF that you hope will continue to earn an interest rate of 10% per year. You plan to make bi-weekly deposits of $50 and you will make your first deposit today. How much will you have in 5 years? (Enter only numbers and decimals in your response. Round to 2 decimal places.)
You have decided that you want to be a millionaire when you retire in 45 years....
You have decided that you want to be a millionaire when you retire in 45 years. Requirement 1: If you can earn an annual return of 9 percent, how much do you have to invest today? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Investment $ Requirement 2: What if you can earn 4.5 percent? (Enter rounded answer as directed, but do not use rounded...
You are excited to start investing and have found an ETF that you hope will continue to earn an interest rate of 10% per...
You are excited to start investing and have found an ETF that you hope will continue to earn an interest rate of 10% per year. You plan to make bi-weekly deposits of $50 and you will make your first deposit today. How much will you have in 5 years? (Enter only numbers and decimals in your response. Round to 2 decimal places.)
You would like to start saving for retirement and you have 40 years until the planned retirement date. Each year, during your retirement years (assume 30 years), you would like to spend an amount equivalent to the purchasing power of $50,000 today. You estimate that the expected rate of return on some recommended investment portfolio is 8%AER and you plan to select that portfolio during the working (savings) years. Assume 4%AER yield on your investments during retirement years. The annual...
Most questions answered within 3 hours.
-
You purchase your daily coffee at the Chemist’s Coffeehouse and
have a choice of two cups:...
asked 7 minutes ago -
Problem 16-51 Sales
Activity Variance (LO 16-3)Odessa, Inc., reports the following
information concerning operations for the...
asked 32 minutes ago -
Pictured on the right are thee point charges Q1 = 18.4 μC, Q2 =
-30.6 μC,...
asked 34 minutes ago -
A graduate student is conducting research in psychology and
needs to obtain the IQ scores of...
asked 1 hour ago -
R2.84: There are 2 defective products in a production lot of 10.
An inspector randomly selected...
asked 2 hours ago -
Consider the following equilibrium system: COCl2(g) CO(g) +
Cl2(g) A 10.00 L evacuated flask is filled...
asked 3 hours ago -
1) What are the two distinct steps that one needs to perform
when developing a data...
asked 3 hours ago -
2) Write a C++ program that uses a class called “Degree” to
obtain the trigonometric
values...
asked 4 hours ago -
1. In eukaryotic cells the genomes of
&
asked 4 hours ago -
The standard enthalpy of propanol (C3H7OH) is -303.0 kJ/mol.
Compute both of the
gross and net...
asked 4 hours ago -
Why PWM using H-bridge for control motor speed is more power
effiecient than the linear amplifier...
asked 4 hours ago -
In 1999, Carly Fiorina famously said,"I hope that we are at a
point that everyone is...
asked 4 hours ago