You will deposit $30,000 per year into an account beginning today that pays 13 percent per year.  How long (in years) would it take for you want have a total of $1,000,000 at retirement?

Q: How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: We need to use the concept of time value of money to solve the question. According to the concept of…

Q: Suppose an investment will pay $25,000 in 39 years from now. If you can earn 11.05% interest…

A: Calculate the present value as follows: Present value = Future value / (1+rate)^years.

Q: In wisely planning for your retirement, you invest $12,000 per year for 20 years into a 401-k…

A: Calculation of Annual withdrawal amount after retirement is shown below: Hence, the withdrawal…

Q: You would like to have $74,000 available in 15 years. There are two options. Account A has a rate of…

A: Compound interest Equation : A = P(1 + r/n)n × t Where: A = Accrued Amount (principal + interest)…

Q: what will your retirement investment be worth 34 years from now ? Using financial calculator

A: Future value i.e. FV of an annuity due shows the worth of total amount of regular payments made at…

Q: You are currently investing your money in a bank account which has a nominal annual rate of 7…

A: The future worth means the amount that is to be received after a certain specified period of…

Q: 2. You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the…

A: We will make use of the excel function NPER to get this answer. This function returns the number of…

Q: How many years would it take save an adequate amount for retirement if he deposits $2,100 per month…

A: Deposit = 2100 per month Interest Rate = 11%/12 per month Future Value Required = 1,000,000

Q: ose an investment will pay $21,000 in 19 years from now. If you can earn 16.35% interest compounded…

A: The today value will be the present value of future value considering the discount rate and period…

Q: Suppose that you deposit $200 at the end of each month into an account paying an expected annual…

A: given, monthly compounding N    =10 x 12 = 120I    =3%12PV   =0PMT =200   FV    = need to find

Q: Suppose you invest $2,000 today and receive $11,000 in five years. a. What is the internal rate of…

A: IRRIt is a capital budgeting technique of a discounted cash flow that gives a rate of return is…

Q: An investor is considering an annuity that pays $40,000 per year for four years.  1. Assuming the…

A: (answer of first 3 parts, please specify if any other part is required) We can compute the present…

Q: Suppose an investment will pay $11,000 in 26 years from now. If you can earn 13.30% interest…

A: MONTHLY COMPOUNDING RATE (13.30%/12) 1.108333333% YEARS (26*12) 312 PMT  0 FUTURE VALUE…

Q: Suppose you wish to retire in 43 years on a fixed income equiva- lent to $66,000.00 in today's…

A: One of the important techniques that are used by the management in various areas such as a…

Q: Suppose you wish to retire in 41 years on a fixed income equiva- lent to $66,000.00 in today's…

A: Yield = 5.3% N = 41 Inflation rate = 2% Future Value Required = Present Equivalent * (1+Inflation…

Q: If you deposit $3,500 today into an account earnings an annual rate of return of 11 percent, what…

A: Deposit amount (P) = $ 3500 Interest rate (r) = 11% Period (t) = 35 Years

Q: You want to have $2.5 million in real dollars in an account when you retire in 40 years. The nominal…

A: Future value of an annuity refers to the value of the regularly paid annuities at a specified rate…

Q: You plan to deposit $2,300 per year for 5 years into a money market account with an annual return of…

A: Annual deposit is $2,300.Total number of deposits is 5.Annual return is 2%.The below expression can…

Q: You put $350 per month in an investment plan that pays an APR of 2.5%. How much money will you have…

A: Monthly investment (P) = $ 350 APR = 2.5% Monthly interest rate (r) = 2.5%/12 = 0.20833333333%…

Q: Your client currently has $7,600 in a 401K investment account. They contribute $200 a month into…

A: Current Value in Account = 7600 Monthly Contribution = 200 Monthly Compounding, Annual Return = 5.3%…

Q: a. What do you get at the end, if you save $100 for 8 years with 15% interest rate?

A: a) Annual saving (A) = $100 r = 15% n = 8 years

Q: How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: The interest amount is calculated as the future value of annuity minus the total deposits made over…

Q: what annual rate of return would your investment account need to generate if you make no future…

A: The annual rate of return: It is the sum of money earned over a period of 12 months period on…

Q: Suppose that you’d like to retire in 40 years and you want to have a future value of $ 1000000 in a…

A: Annuity(monthly instalment) is calculated by annuity from future value formula: Annuity from future…

Q: TIME TO REACH A FINANCIAL GOAL You have $33,556.25 in a brokerage account, and you plan to deposit…

A: Given, Present value = $33556.25 Future value   = $220000 interest r         12/100 = 0.12% Years…

Q: Create a data table that calculates the Future Value of a 401(k) using the following information:…

A: Here we will use the FV function in excel. The syntax is: FV (rate, nper, pmt) where rate = interest…

Q: How much do you need to invest today if you will also invest $2,700 at the end of every year for 39…

A: Accumulated amount (AV) = $1,000,000 Rate of return (r) = 0.065 Annual deposit (D) = $2,700 Period…

Q: An investment promises to pay $6,000 at the end of each year for the next three years and $4,000 at…

A: Question 1 is the case of ordinary annuity while question 2 is the case of an annuity due as the…

Q: How much will Bill Rodgers need to invest today so that he may withdraw $7,000 each year for the…

A: The question is based on the concept of Financial Management.

Q: A company wants to have $30,000 at the beginning of each 6-month period for the next 4 1/2 years. If…

A: Semi annual payment = $30,000 Period = 4 1/2 = 4.50 Years Semi annual period = 4.50*2 = 9 Interest…

Q: You are currently investing your money in a bank account which has a nominal annual rate of 7…

A: To estimate how long it will take to double an investment at a given interest rate, we can use the…

Q: Angel Rowe wants to receive $5,000 each year for the next 20 years.  Assume a 8% interest rate…

A: Annuity payments are a series of regular payments that an investor makes into an investment account…

Q: Harry is depositing $1,007.03 into an investment account at the end of every month. After 5 years…

A: Using the Rate function in excel

Q: How many years will it take for you to double your money?

A: Future Value is the accumulation of interest over a specified period of time, on the present value.…

Q: You plan to retire in 20 years. You would like to maintain your current level of consumption which…

A:

Q: You need to accumulate $10,000. To do so, you plan to make deposits of $1,450 per year - with the…

A: Given: Interest rate = 7% = 0.07 Future value (FV) = $10000

Q: Consider an investment which pays $3,000 at the end of year 1, year 2, and year 3. In year 4, the…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: Use the savings plan formula to answer the following question You put $300 per month in an…

A: Future value of investment can be calculated as: = Annuity payment* Future value Annuity Factor…

Q: Suppose you invest $25 per week into an account that earns 2% compounded weekly.  You make the…

A:

Q: You want to have $350,000 saved up by the time you retire in 30 years, How much would you need to…

A: Future Amount need to be saved = $350,000 Time period = 30 years Annual interest rate = 6.5%

Q: You invest $17,000 at 18% interest, compounded monthly, for 2 years. Use the compound interest…

A: Higher the frequency of compounding, higher would be the interest income

Q: You need to accumulate $10,000. To do so, you plan to make deposits of $1,450 per year - with the…

A: Future value of an annuity can be calculated as: = Annuity payment * FVAF (i%, n years)

Q: you put up $45,000 today in exchange for a 6.4 percent, 15-year annuity, what will the annual cash…

A: Given information: According to the question,  the present value is $45,000 Rate of interest : 6.4%…

Q: You want to begin saving for your retirement. You plan to contribute $12,000 to the account at the…

A: Since you have asked multiple questions, we will solve the first question for you. Please resubmit…

Q: You have RM 5,000.00 you want to invest for the next 45 years until retirement. You are offered an…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…