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Show work and answer correctly for thumbs up! You use an Annuity Due approach to investing in your retirement. For the...
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What is the present value of a $2000, 10 year, annual ordinary annuity at a 4% annual discount rate (round to nearest dollar) 1351 18,422 O 16,222 O 249,122
Future Value of Annuity Due 19. After consulting with your financial advisor, you figured that you need to invest $10,000 per year to accumulate enough money for your retirement. Assuming a rate of return of 8% and depositing $10,000 at the beginning of every year in your retirement account, how much will you have after 40 years? a. $2,797,810 20. After consulting with your financial advisor, you figured that you need to invest $10,000 per year to accumulate enough money...
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For an initial investment of $10,000, you are offered the opportunity to receive $4,000 at the end of the year for the next 10 years. What is the irr of this opportunity? $16,840 o need to know the cost of capital O 38.45% O 8%
To compute the value of an annuity due, multiply the value of the ordinary annuity by . You are planning to put $10,000 in the bank at the end of each year for the next eight years in hopes that you will have enough money for a trip around the world. If you are investing at an annual interest rate of 6%, how much money will you have at the end of eight years—rounded to the nearest whole dollar? $98,975...
Future Value of Ordinary Annuity 16. After consulting with your financial advisor, you figured that you need to invest $10,000 per year to accumulate enough money for your retirement. Assuming a rate of return of 8% and depositing $10,000 at the end of every year in your retirement account, how much will you have after 40 years? a. $2,590,565 17. After consulting with your financial advisor, you figured that you need to invest $10,000 per year to accumulate enough money...
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The required return on retained earnings is 13%. The risk free rate is 2% and the Market Return is 9.5%. What is the company's beta? (hint: consider the CAPM) 0.47 O Cannot tell O 1.47 1.73
your retirement pension is an annuity with a guarnteeed return of 4% interest compounded monthly. you would like to retire with a pension of 3000 per month for 25 years. A) how much money needs to be in account at the time of retirement in order to fund these withdraws B) how much must be deposited each month into the accoint during the 45 years leading up to retirement in order to achieve this
(Related to The Business of Life: Saving for Retirement) (Future value of an ordinary annuity) You are graduating from college at the end of this semester and after reading the The Business of Life box in this chapter, you have decided to invest $4,900 at the end of each year into a Roth IRA for the next 46 years. If you earn 10 percent compounded annually on your investment, how much will you have when you retire in 46 years?...
You are contemplating your retirement needs. You want to have an annual retirement income of $70,000 for 35 years of retirement and expect an interest rates of 2% over your retirement. You expect to retire 40 years from now. How much would you need to put into your RRSP annually starting one year from now for the next 40 years to achieve your retirement financial goal assuming you can get 3% on your investments until retirement? Round your answer to...
You are considering investing in an annuity that pays $7,000 at the end of each year for the next 20 years. You believe you could earn 6.1% on your money in other investments of equal risk. What is the most you should pay for the annuity? (Assume annual compounding/discounting. Answer in $s to the nearest dollar, i.e. xxxxx, with no commas or $ sign needed.)