Using the "desired income" method, how much insurance would be needed if you want to provide...
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Using the "desired income" method, how much insurance would be
needed if you want to provide...
Using Excel Please 5. Growing Annuity Assume you want to retire in 35 years and save...
Using Excel Please
5. Growing Annuity Assume you want to retire in 35 years and save a $15,000 at the end of the first year. Assume you will earn 7% annually on your investment and you expect 2% inflation before retirement. After you retired, you expect to live for another 30 years. Assume you can earn a nominal annual rate of 4% and you expect inflation to be 3% during retirement. a) Calculate how much money you are accumulating by...
Assume you want to retire in 35 years and save a $15,000 at the end of...
Assume you want to retire in 35 years and save a $15,000 at the end of the first year. Assume you will earn 7% annually on your investment and you expect 2% inflation before retirement. After you retired, you expect to live for another 30 years. Assume you can earn a nominal annual rate of 4% and you expect inflation to be 3% during retirement. a) Calculate how much money you are accumulating by the time you retire if you...
PLEASE SHOW HOW YOU WOULD SOLVE USING EXCEL SOFTWARE You realize the wisdom of starting early...
PLEASE SHOW HOW YOU WOULD SOLVE USING EXCEL SOFTWARE
You realize the wisdom of starting early at age 22 in saving for your retirement and plan on making 43 equal end of the year annual deposits in an IRA account in hopes of having at least 1,000,000 once you retire at age 65 (immediately after your last deposit into the IRA account) but you think it would be best to have $1,750,000 at age 65 to retire. Answer the following...
7. An investor buys some land for $40,000 and sells it 12 years later for $115,000. at the time of sale was 26%. Inflation during this time was 4% per year. growth rate of return for this investm...
7. An investor buys some land for $40,000 and sells it 12 years later for $115,000. at the time of sale was 26%. Inflation during this time was 4% per year. growth rate of return for this investment? (10 points) The tax rate for gains What is the annual real You have a new job as an engineer and would like to buy a condominium in 4 years. real estate listings for the city where you live and condos similar...
please with steps 2.) Brent and Sharon are getting close to retirement and want to make...
please with steps
2.) Brent and Sharon are getting close to retirement and want to make sure they are on track for a comfortable lifestyle. They currently make $120,000 per year in gross income. They pay FICA taxes of $9.180; have commuting expenses of S2,000 per year, Uniform expenses (inc, dry cleaning) of $1,200 per year, a monthly mortgage payment of S950 per month and will be paid off in 10 more years. They eat lunch out at work often...
Part B asks "Mr. Ryan has a 37 percent marginal tax rate. How much additional salary...
Part B asks "Mr. Ryan has a 37
percent marginal tax rate. How much additional salary would he have
to earn to provide himself with parking and medical insurance?"
Mr. Nixon and Mr. Ryan are employed by HD Inc., which provides its employees with free parking. If the parking were not available, Mr. Nixon would pay $23 a month to a city garage. Mr. Ryan uses public transportation to commute. HD offers a complete family medical plan to its employees...
4. How much must be saved to ensure that the principal is not liquidated? RETIREMENT DATA...
4. How much must be saved to ensure that the principal is not liquidated? RETIREMENT DATA FOR PART 1 - QUESTIONS 1-7 Income Needed During Retirement $85,000 Number of years in Retirement 25 years Number of Year Before Retirement 30 years Rate of Return During Retirement 4.5% Rate of Return Before Retirement 8% Inflation Before and During Retirement 3.25%
Calculate how much money $500,000 would provide in monthly income if the money were to last...
Calculate how much money $500,000 would provide in monthly income if the money were to last 35 years and the funds that were not withdrawn grew at a rate of 6% per year
How much life insurance would a person buy if he wants to leave enough money to...
How much life insurance would a person buy if he wants to leave enough money to ensure that their family will receive $50,000 dollars in interest, of constant year 0 value dollars? The interest rate expected from banks is 10 percent and the inflation rate is expected to be 4 percent per year. Choices are: 500,000 1,250,000 $833,333 $866,667
19. The most valuable single technique in determining how much life insurance is needed is: a....
19. The most valuable single technique in determining how much life insurance is needed is: a. Computing the Human Life Value. b. Using the probability of death each year, prevailing interest rates, and assumed inflation rates to find the discounted present value of a future income stream. c. Assessing the family's total economic needs and subtracting financial resources available to meet those needs. d. Estimating the sum of money which, when paid in installments, will produce the same income as...
Using Excel Please
5. Growing Annuity Assume you want to retire in 35 years and save a $15,000 at the end of the first year. Assume you will earn 7% annually on your investment and you expect 2% inflation before retirement. After you retired, you expect to live for another 30 years. Assume you can earn a nominal annual rate of 4% and you expect inflation to be 3% during retirement. a) Calculate how much money you are accumulating by...
PLEASE SHOW HOW YOU WOULD SOLVE USING EXCEL SOFTWARE
You realize the wisdom of starting early at age 22 in saving for your retirement and plan on making 43 equal end of the year annual deposits in an IRA account in hopes of having at least 1,000,000 once you retire at age 65 (immediately after your last deposit into the IRA account) but you think it would be best to have $1,750,000 at age 65 to retire. Answer the following...
7. An investor buys some land for $40,000 and sells it 12 years later for $115,000. at the time of sale was 26%. Inflation during this time was 4% per year. growth rate of return for this investment? (10 points) The tax rate for gains What is the annual real You have a new job as an engineer and would like to buy a condominium in 4 years. real estate listings for the city where you live and condos similar...
please with steps
2.) Brent and Sharon are getting close to retirement and want to make sure they are on track for a comfortable lifestyle. They currently make $120,000 per year in gross income. They pay FICA taxes of $9.180; have commuting expenses of S2,000 per year, Uniform expenses (inc, dry cleaning) of $1,200 per year, a monthly mortgage payment of S950 per month and will be paid off in 10 more years. They eat lunch out at work often...
Part B asks "Mr. Ryan has a 37
percent marginal tax rate. How much additional salary would he have
to earn to provide himself with parking and medical insurance?"
Mr. Nixon and Mr. Ryan are employed by HD Inc., which provides its employees with free parking. If the parking were not available, Mr. Nixon would pay $23 a month to a city garage. Mr. Ryan uses public transportation to commute. HD offers a complete family medical plan to its employees...
4. How much must be saved to ensure that the principal is not liquidated? RETIREMENT DATA FOR PART 1 - QUESTIONS 1-7 Income Needed During Retirement $85,000 Number of years in Retirement 25 years Number of Year Before Retirement 30 years Rate of Return During Retirement 4.5% Rate of Return Before Retirement 8% Inflation Before and During Retirement 3.25%
19. The most valuable single technique in determining how much life insurance is needed is: a. Computing the Human Life Value. b. Using the probability of death each year, prevailing interest rates, and assumed inflation rates to find the discounted present value of a future income stream. c. Assessing the family's total economic needs and subtracting financial resources available to meet those needs. d. Estimating the sum of money which, when paid in installments, will produce the same income as...
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