A civil engineer planning for her retirement places 11% of her salary each year into a high-technology stock fund. If her salary this year (end of year 1) is $180,000 and she expects her salary to increase by 2% each year, what will be the future worth of her retirement fund after 13 years provided it earns 11% per year? The future worth of her retirement fund will be what

Q: moid has just tume sume a return that is compounded annually Present val in a ect one: a. between 5…

A: The annuity pays the annual payment for given period of time and give interest rate and the amount…

Q: An engineer will deposit 10% of her salary each year into a retirement fund. If her current annual…

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…

Q: Maria Anguiano's current salary is $58,000 per year, and she is planning to retire 20 years from…

A: The FV of an investment refers to the combined worth of the cash flows of the investment at a given…

Q: Jennifer is planning her retirement. She currently has $6,783 in an IRA account that will return 8%…

A: Deposit = $6783Return = 8%Yearly savings = $2000Return = 7%Years until retirement =32To find: the…

Q: Suppose your mother has worked for 40 years and has accumulated  $1,000,000. She wishes to begin…

A: The present value of the amount represents the current value of the future cash flows. The…

Q: Using the Time Value of Money for Retirement Planning. Carla Lopez deposits $3,400 a year into her…

A: Given: Annual deposit = $3,400 Interest rate = 9% Number of years = 40 Value of the retirement…

Q: A civil engineer planning her retirement will deposit 10% of her salary each year into a…

A: Using formulae, Future Value =Present Value * (1+rate)^n Where n = no. of years till end

Q: Jamie wants to have $1,000,000 for her retirement in 25 years. How much should she save annually if…

A: Annuity refers to annual end of year deposits required to accumulate a certain sum of money in the…

Q: Katrina is planning to make an additional investment at the end of each year for his retirement in…

A: Future value of an amount can be calculated by compounding that amount by using the interest rate…

Q: Abigail wishes to establish a trust fund from which her daughter can withdraw $6,000 every six…

A: Present value is the current date value of the future expected cash flows of the annuity fund.…

Q: Carla Lopez deposits $2,500 a year into her retirement account. If these funds have an average…

A: Future value of Annuity cash flows = A x [(1+i)^t -1] / iwhereA = Periodic cash flow = $2,500 per…

Q: u would like to give your daughter $75,000 towards her college education 17 years from now. How much…

A: The amount to be set aside today is calculated as the present value using following equationPresent…

Q: How much must she invest  each month in mutual fund to ensure this standard of living? Assume that…

A: The time value of money can be explained as the foundational principle of finance which states that…

Q: Sharon is planning for her retirement 34 years from now. She plans to invest $5,600 per year for the…

A: Here's a detailed calculation for better understanding. Sharon's investment schedule:$5,600 per year…

Q: 1) Sabrina waits to start saving for retirement until age 35. If she saves the same $8000 each year…

A: Annual saving (P) = $8000 Period from 35th year to 65th year (n) = 30 Interest rate (r) = 7.00%

Q: A new engineer is considering investing in an individual retirement account (IRA) with a mutual fund…

A: Annuity refers to the fixed periodic payments made at equal intervals. There are two types of…

Q: You are planning for your retirement. You expect to earn a monthly salary of $7,000 starting on the…

A: A concept through which it is studied that the current worth of money is higher than its future…

Q: Mary Lynn Sirianni believes that she will need $750,000 in an IRA investment to live a comfortable…

A: The FV of an investment refers to the combined value of the cash flows at a specified future date…

Q: Your grandparents would like to establish a trust fund that will pay you and your heirs $210,000 per…

A: Present value:Present value is a financial concept that refers to the current worth of a future cash…

Q: Bella is 23 years old and wants to invest money for her retirement. She wants to have $2,000,000…

A: The future value of an investment is the expected value of money that will be received after a…

Q: Angela is planning for her daughter’s university education in seven (7) years’ time. She estimated…

A: Annual payment required to achieve the goal is calculated using following equation Annual payment =…

Q: Brenda Young desires to have $16,500 eight years from now for her daughter’s college fund. If she…

A: Data given: FV= $16500 n=8 years r=12% (compounded annually) Required: what amount should she…

Q: vill retire in 40 years. They plan to spend $50,000 of their sav ithdraw coming at the end of the…

A: Present value refers to the worth of the amount in current times that is expected to be received in…

Q: The amount of interest accumulated at the time of Emily's retirement will be $ thousand. (Round to…

A: Time value of money (TVM) refers to the method used to measure the amount of money at different…

Q: our father is 50 years old and will retire in 10 years. He expects to live for 25 years after he…

A: Fixed retirement income refers to a financial arrangement that provides people with a consistent and…

Q: a young woman plan to retire 30 years. She intends to contribute the same amount of money each year…

A: Annual withdrawal (P) = $100,000 Number of annual withdrawal (n) = 20 Interest rate (r) = 10%…

Q: Janet Lopez wishes to establish a trust fund from which her son can withdraw $15,000 every six…

A: The objective of the question is to find out the initial amount that Janet needs to deposit in the…

Q: A 40-year-old woman decides to put funds into a retirement plan. She can save $1,000 a year and earn…

A: We need to calculate the persent value of annuity  by using this formula.    PV of annuity =CF*…

Q: An engineer planning for her retirement will deposit 15% of her salary each year into a stock fund.…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: You are planning for your retirement. You expect to earn a monthly salary of $7,000 starting on the…

A: First thing you have to calculate retirement amount needed and total amount at retirement.

Q: Shauna wishes to establish a trust fund from which her son can withdraw $50,000 every six months for…

A: Future value (FV) could be a budgetary concept utilized to decide the worth of speculation or cash…

Q: Carla Lopez deposits $5, 200 a year into her retirement account. If these funds have an average…

A: Annual deposit=$5200Period=n=40 yearsInterest rate=r=6%Calculate future value.

Q: You’ve landed your first job after graduation. Although retirement may seem like a long way off, you…

A: contribution =$7000 per year  interest rate =6% Period =35 Future value FACTOR =(1+r)n-1/r…

Q: The Martinez are planning for a retirement home. They estimate they will need $212,000 4 years from…

A: Present Value:The present value refers to the value which is the current value computed for future…

Q: Theresa figures she needs $200,000 in ten years to pull off an early retirement to an undisclosed…

A: The future value of the annuity is the total value of all the payments which is occurred regularly…

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.