How much money do you need today to ensure that you will have $16,000 in 4...
3. How much money will you need to have in an account today if you wish to withdrawal $1,000 at the end of each quarter for the first 5 years and then $1,500 at the end of each quarter for another ten years. Assume that you can earn interest at 7% compounded quarterly throughout
QUESTION 4 How much money will I need to have at retirement so I can withdraw $45,000 a year for 27 years from an account earning 9% compounding annually? a) First find out how much money needs to be in when withdrawals start. b) How much would you need to deposit each month for 40 years to accumulate the previous amount? c) How much total money will you withdraw? d) How much interest did you earn during retirement (27 years...
You want to have $11,000 saved ten years from now. How much less do you have to deposit today to reach this goal if you can earn 7% rather than 6% on your savings?
Approximately how much money do you need to deposit today in an a account earning 6.4% per year in order to pay for a car that will cost you $27,000 in 4 years? $25,376 $21, 067 $6,344 $23,221
1. You have $200 to invest. If you put the money into an account earning 4% interest compounded annually, how much money will you have in 10 years? How much money will you have in 10 years if the account pays 4% simple interest? 2. You have $1,300 to invest today at 5% interest compounded annually. a. Find how much you will have accumulated in the account at the end of (1) 6 years, (2) 12 years, and (3)...
c.)“Give me $10,000 today and I'll return $16,000 to you in five years," offers your investment broker. To the nearest tenth of a percent, what annual interest rate is being offered? d.)How much money would you have to put away at the end of each year to have $1,600,000 when you retire 26 years from now if you can earn 4% on your money? e.)How much can be accumulated if $2,375 is deposited at the end of each month for...
6. You are trying to determine how much money you will need at retirement in your retirement "nest egg." You plan to retire on your 60th birthday and immediately take your first withdrawal from your retirement account of $4,583.33. You plan to make 24 such withdrawals each year (i.e., two per month). You plan on doing his until you are 72 years old. Assume beginning of the period withdrawal with the first on your 60th birthday and your final birthday....
How much do you need when you retire to provide a $2,500 monthly check that will last for 25 years? Assume that your savings can earn 6% per year.
How much money will have to put in the bank today to be able to withdraw $6,000 per year for the next 8 years assuming 12% intreat. A 29,805 B 73,798 C 48,000 D 6,720
If you invest $1,907 today at an interest rate of 8.51 percent, compounded daily, how much money will you have in your savings account in 27 years?