Ardsley Rabinovich, whose 32nd birthday is today, would like to retire to an island paradise when...
Ardsley Rabinovich, whose 32nd birthday is today, would like to retire to an island paradise when he becomes 70 years old, and estimates that he will need $2.3 Million to make this possible. His investment advisor has recommended an investment which will pay him an APR of 8.84%, compounded monthly. Ardsley has told his advisor that the maximum he can invest each month is $700. Will Ardsley be able to reach his goal ? If not, how much more would he have to invest each month ?
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Ardsley Rabinovich, whose 32nd birthday is today,
would like to retire to an island paradise when...
(2 pts) Larry would like to retire in 25 years. He currently has $150,000 in his...
(2 pts) Larry would like to retire in 25 years. He currently has $150,000 in his retirement account and is planning on depositing an additional $800 each month in his retirement account. If Larry can earn an average APR of 7% per year compounded monthly, how much money will be in his retirement account after 25 years? 3)
3) (2 pts) Larry would like to retire in 20 years. He currently has $150,000 in...
3) (2 pts) Larry would like to retire in 20 years. He currently has $150,000 in his retirement account and is planning on depositing an additional $800 each month in his retirement account. If Larry can earn an average APR of 7% per year compounded monthly, how much money will be in his retirement account after 20 years?
1) (3 pts) Bob would like to have a total savings of $30,000 in 6 years...
1) (3 pts) Bob would like to have a total savings of $30,000 in 6 years to use as a down payment on a future house purchase. He has no money saved up now, but plans on depositing $350 per month at the end of every month to save for this goal. What is the periodic interest rate Bob must earn to reach his goal? What is the Annual Percentage rate? 1 Periodic *.ㅡ I Nominal (APR)- % 2) (3...
please answer all in full 1. On your 1st birthday, you received a $10 savings account...
please answer all in full 1. On your 1st birthday, you received a $10 savings account earning 6% annually. How much will you have in the account on your 30th birthday if you don't withdraw any money before then? 2. Your partner just promised to you that he/she will give you a graduation gift by paying half of of a new car when you receive an MBA degree in 2 years. Suppose that you also have $9,000 to invest today...
(3 pts) Bob would ike to have $20,000 in 4 years to use as a down...
(3 pts) Bob would ike to have $20,000 in 4 years to use as a down payment on a future house purchase. He has no money saved up now, but plans on depositine 5375 per month at the end of every month to save for this goal. What is the periodic interest rate Bob must earn to reach his goal? What is the Annual Percentage rate? 1) Periodic Nominal APR) (3 pts) Sue has $30,000 to use as a down...
Please I need aclarify answers with details in all the questions. Thank you 1. Newborn baby...
Please I need aclarify answers with details in all the
questions. Thank you
1. Newborn baby Gregory, born today, has doting grandparents who education. They calculate that he will need S25,000 per year for 4 years beginning at age 18. In addition, they'd like to give him a lump sum of S50,000 at age 22 so he can buy a car for his graduation. They want to make 18 equal annual payments into a 10% interest-paying account (starting today and...
Consider the two savings plans below. Compare the balances in each plan after 6 years Which...
Consider the two savings plans below. Compare the balances in each plan after 6 years Which person deposited more money in the plan? Which of the two investment strategies is better? Yolanda deposits $550 per month in an account with an APR of 3%, while Zach deposits $7000 at the end of each year in an account with an APR of 3.5% The balance in Yolanda's saving plan after 6 years was $ (Round the final answer to the nearest...
Question 1 Jessie has just spoken to a financial planner to make sure she's putting enough...
Question 1 Jessie has just spoken to a financial planner to make sure she's putting enough money into her superannuation for retirement. Jessie just turned 30 and hopes to retire at age 60. In order to retire that early, Jessie and her financial planner have computed that Jessie will need a superannuation balance of $1,000,000. Her financial planner has determined hat Jesse makes no personal super contributions, her superannuation balance wil be $85000 מ base on required employer payments esses...
I really do not understand this... please help with explanations. thank you so much in advance! Paragraph stalled, b...
I really do not understand this... please help with
explanations. thank you so much in advance!
Paragraph stalled, but first we need to close some apps. Update now 1. All other things equal, how will the following impact the future value: a) increase in the present value, b) decrease in the interest rate, c) increase in the number of time periods. 3 points 2. All other things equal, how will the following impact the present value: a) increase in the...
THE SETUP: Your best friend Dave just celebrated his 24th birthday and wants to start saving...
THE SETUP: Your best friend Dave just celebrated his 24th birthday and wants to start saving for his anticipated retirement. Dave plans to retire in 36 years and believes that he will have 25 good years of retirement and believes that if he can withdraw $125,000 at the end of each year, he can enjoy his retirement. Assume that a reasonable rate of interest for Dave for all scenarios presented below is 6.5% per year. This is an annual rate,...
(2 pts) Larry would like to retire in 25 years. He currently has $150,000 in his retirement account and is planning on depositing an additional $800 each month in his retirement account. If Larry can earn an average APR of 7% per year compounded monthly, how much money will be in his retirement account after 25 years? 3)
3) (2 pts) Larry would like to retire in 20 years. He currently has $150,000 in his retirement account and is planning on depositing an additional $800 each month in his retirement account. If Larry can earn an average APR of 7% per year compounded monthly, how much money will be in his retirement account after 20 years?
1) (3 pts) Bob would like to have a total savings of $30,000 in 6 years to use as a down payment on a future house purchase. He has no money saved up now, but plans on depositing $350 per month at the end of every month to save for this goal. What is the periodic interest rate Bob must earn to reach his goal? What is the Annual Percentage rate? 1 Periodic *.ㅡ I Nominal (APR)- % 2) (3...
(3 pts) Bob would ike to have $20,000 in 4 years to use as a down payment on a future house purchase. He has no money saved up now, but plans on depositine 5375 per month at the end of every month to save for this goal. What is the periodic interest rate Bob must earn to reach his goal? What is the Annual Percentage rate? 1) Periodic Nominal APR) (3 pts) Sue has $30,000 to use as a down...
Please I need aclarify answers with details in all the
questions. Thank you
1. Newborn baby Gregory, born today, has doting grandparents who education. They calculate that he will need S25,000 per year for 4 years beginning at age 18. In addition, they'd like to give him a lump sum of S50,000 at age 22 so he can buy a car for his graduation. They want to make 18 equal annual payments into a 10% interest-paying account (starting today and...
Consider the two savings plans below. Compare the balances in each plan after 6 years Which person deposited more money in the plan? Which of the two investment strategies is better? Yolanda deposits $550 per month in an account with an APR of 3%, while Zach deposits $7000 at the end of each year in an account with an APR of 3.5% The balance in Yolanda's saving plan after 6 years was $ (Round the final answer to the nearest...
Question 1 Jessie has just spoken to a financial planner to make sure she's putting enough money into her superannuation for retirement. Jessie just turned 30 and hopes to retire at age 60. In order to retire that early, Jessie and her financial planner have computed that Jessie will need a superannuation balance of $1,000,000. Her financial planner has determined hat Jesse makes no personal super contributions, her superannuation balance wil be $85000 מ base on required employer payments esses...
I really do not understand this... please help with
explanations. thank you so much in advance!
Paragraph stalled, but first we need to close some apps. Update now 1. All other things equal, how will the following impact the future value: a) increase in the present value, b) decrease in the interest rate, c) increase in the number of time periods. 3 points 2. All other things equal, how will the following impact the present value: a) increase in the...
THE SETUP: Your best friend Dave just celebrated his 24th birthday and wants to start saving for his anticipated retirement. Dave plans to retire in 36 years and believes that he will have 25 good years of retirement and believes that if he can withdraw $125,000 at the end of each year, he can enjoy his retirement. Assume that a reasonable rate of interest for Dave for all scenarios presented below is 6.5% per year. This is an annual rate,...
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