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A 1? В C D E F Н К How much will you need at retirement to ensure a 35-year annuity of $12,000 per month? In other word...
How much will Jimmy need to save per month to pay for Jane and his retirement
How much will Jimmy need to save per month to pay for Jane and his retirement income for 25 years assuming that Jimmy can earn 8.0% per year, compounding monthly, on the invested funds. Assume Jimmy and Jane stop saving in 40 years when they reach 65, and funds are then held in a savings account earning zero. Further, assume that the 401k is NOT used for income, as it will be needed for a vacation home transition. (Hint: Use...
please show calculations. 11) You are planning for your retirement. You need to calculate how much...
please show calculations.
11) You are planning for your retirement. You need to calculate how much you will need to have at the beginning of your retirement life in order to withdraw $4,000.00 monthly during 30 years. You are confident that you can find an investment vehicle offering 5% annual returns (compound monthly) when you start you retirement life. Show your work. 12) The current monthly mortgage payment is $2,300. If you were to refinance the mortgage, how long it...
a. You are saving for retirement 10 years from now. How much should you invest today...
a. You are saving for retirement 10 years from now. How much should you invest today so you will have an annuity of $20,000 per year for 20 years starting from the 11" year? b. If you were to invest $10,000 today @6%, how much would you have at the end of 15 years? C. You are planning to save $100,000 for a yacht purchase 5 years from now. If you believe you can earn an 8% rate of return,...
Suppose you are exactly 25 years old and you are planning to save for your retirement...
Suppose you are exactly 25 years old and you are planning to save for your retirement which will happen in 40 years. You plan to deposit equal amount at the beginning of each month in your retirement account with the first saving made today. Assume the retirement account pays you 6% p.a. compounded monthly. (a) If you would like to have $1,000,000 in your retirement account 40 years later when you are retired, how much will you have to deposit...
Joey’s sister turned 35 today, and she is planning to save $50,000 per year for retirement,...
Joey’s sister turned 35 today, and she is planning to save $50,000 per year for retirement, with the first deposit to be made one year from today. She will invest in a mutual fund that's expected to provide a return of 7.5% per year. She plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. Under these assumptions, how much can she spend each year after...
1. You want $6,000 per month in your retirement. You expect to retire 40 years from...
1. You want $6,000 per month in your retirement. You expect to retire 40 years from today. At the time you retire, you want the payments to be at the beginning of the month and want them to last 30 years or 360 months. You expect an annual interest rate of 5% during retirement. You need to save to obtain this retirement. How much per month at the end of each month do you need to save for the next...
(1) You want to buy a new sports car from Muscle Motors for $68,000. The contract...
(1) You want to buy a new sports car from Muscle Motors for $68,000. The contract is in the form of a 72-month annuity due at an APR of 6.75 percent. What will your monthly payment be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Monthly payments: _____ (2) You're trying to save to buy a new $202,000 Ferrari. You have $52,000 today that can be invested at your bank. The bank pays...
1.An investment will pay you $500 every year starting 1 year from today and goes on...
1.An investment will pay you $500 every year starting 1 year from today and goes on forever. If the interest rate is 5% p.a., what is the maximum price that you would pay for this investment? 2.You are given $200 each year starting next year and finishing in 15 years (t=15). If the interest rate is 6% p.a., what is the maximum price that you would pay for these cash flows? 3.You borrow $100,000 today, the annual interest rate is...
1. You want to be able to withdraw 565,000 each year for 20 years during retirement....
1. You want to be able to withdraw 565,000 each year for 20 years during retirement. a. How much do you have to have saved to withdraw the $65.000 if the interest rate is 8%. b. You will achieve your goal by making monthly payments for 40 years. What does the monthly payment have to be to reach to goal you calculated in question 1? Rote 82 2. Determine the Price of the Bond at each time period. If you...
max eros lle E. $144,456 EE D.$153,123 A. $250,000 8.$209,90s c$172,049 01 2i 1nemeg606m lsionsnil to leos 13. Eric...
max eros lle E. $144,456 EE D.$153,123 A. $250,000 8.$209,90s c$172,049 01 2i 1nemeg606m lsionsnil to leos 13. Eric is considering an investment that will pay $5,000 a year for seven years, starting one year from today. H Mlo1g 9timixsn oiteR agnims3-9ah9 9simixsm dilesw 1sblords1sde,9simixsm 14. What is the effective annual rate of 14.9 percent compounded quarterly? How about compounded continuou ynotnsvni n6 26d mi noinoyni 2ti g 01.2vsh 81 99619Vs no 29is 19 ns ynotnsvni ati allse. uneg yd...
please show calculations.
11) You are planning for your retirement. You need to calculate how much you will need to have at the beginning of your retirement life in order to withdraw $4,000.00 monthly during 30 years. You are confident that you can find an investment vehicle offering 5% annual returns (compound monthly) when you start you retirement life. Show your work. 12) The current monthly mortgage payment is $2,300. If you were to refinance the mortgage, how long it...
a. You are saving for retirement 10 years from now. How much should you invest today so you will have an annuity of $20,000 per year for 20 years starting from the 11" year? b. If you were to invest $10,000 today @6%, how much would you have at the end of 15 years? C. You are planning to save $100,000 for a yacht purchase 5 years from now. If you believe you can earn an 8% rate of return,...
1. You want to be able to withdraw 565,000 each year for 20 years during retirement. a. How much do you have to have saved to withdraw the $65.000 if the interest rate is 8%. b. You will achieve your goal by making monthly payments for 40 years. What does the monthly payment have to be to reach to goal you calculated in question 1? Rote 82 2. Determine the Price of the Bond at each time period. If you...
max eros lle E. $144,456 EE D.$153,123 A. $250,000 8.$209,90s c$172,049 01 2i 1nemeg606m lsionsnil to leos 13. Eric is considering an investment that will pay $5,000 a year for seven years, starting one year from today. H Mlo1g 9timixsn oiteR agnims3-9ah9 9simixsm dilesw 1sblords1sde,9simixsm 14. What is the effective annual rate of 14.9 percent compounded quarterly? How about compounded continuou ynotnsvni n6 26d mi noinoyni 2ti g 01.2vsh 81 99619Vs no 29is 19 ns ynotnsvni ati allse. uneg yd...
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