QUESTION 31After he retires, Dewey would like to be able to withdraw $1,250 every week for a total of 30 yearsafter he retires. If the account earns 5% interest, how much will Dewey need in his retirementaccount when he retires? Give your answer to the nearest dollar.Summarize the information provided, stating the interest rate in a decimal form.d =r =k =N =Identify the formula you will use to solve by writing the letter of the formula here:A. A = Po(1 + rt)B. PN = Po(1 + /k) NkC. PN = d((1 + /k)Nk – 1) ("/k)%3DD. Po = d(1 - (1 +/k¬Nk) + ("/k)Solve the problem and give your answer here:

Here, Annuity value (d) = $1,250 Interest rate (r) = 0.05 Number of years (N) = 30 years No. of…

After he retires, Dewey would like to be able to withdraw $1,250 every week for a total of 30 after he retires. If the account earns 5% interest, how much will Dewey need in his retirement account when he retires? Give your answer to the nearest dollar. years Summarize the information provided, stating the interest rate in a decimal form. d = r = k = N = Identify the formula you will use to solve by writing the letter of the formula here: A. A = Po(1 + rt) B. PN = Po(1 + /k)Nk C. PN = d((1 /KNk - 1) ("/k) D. Po = d(1 - (1 +/k)¬Nk) + ("/k) Solve the problem and give your answer here:

After he retires, Dewey would like to be able to withdraw $1,250 every week for a total of 30 after he retires. If the account earns 5% interest, how much will Dewey need in his retirement account when he retires? Give your answer to the nearest dollar. years Summarize the information provided, stating the interest rate in a decimal form. d = r = k = N = Identify the formula you will use to solve by writing the letter of the formula here: A. A = Po(1 + rt) B. PN = Po(1 + /k)Nk C. PN = d((1 /KNk - 1) ("/k) D. Po = d(1 - (1 +/k)¬Nk) + ("/k) Solve the problem and give your answer here:

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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You have just made your first $10,000 contribution to your individual retirement account. Assume you earn an annual rate of return of 12 percent compounded quarterly and make no additional contributions. What will your account be worth when you retire in 50 years?Note: Do not round intermediate calculations and round your answer to 2 decimal Blaces, e.g., 32.16. You need $20,000 to go on your dream vacation to South Africa. If you save $5,000 today in an account at 10% interest compounded annually, how long will you have to wait to go on your dream vacation?Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
Can someone please verify if my answer is correct and explain why if it is not. thank you.
Solve it correctly please. I will rate.
Willie would like to have $500,000 set aside at retirement. He would like to make annual deposits into his retirement fund, and expects to retire in 30 years. In order to meet his goal, how much must he deposit each year if he can earn a 6% return? N =_____ I/YR =_____ PV =________ PMT =_________ FV = ____________
Rashida purchases a house for $300,000 and takes a mortgage for the full amount. Her mortgage charges 4% per year and interest is compounded monthly. She will repay the loan over 30 years with equal monthly payments. How much of the 1st payment would be applied toward interest and how much of the 1st payment would be principal? Click here to access the TVM Factor Table calculator. Interest = $ Principal = $ Carry all interim calculations to 5 decimal places and then round your final answers to a whole number. The tolerance is ±2.
You are 46 years from retirement. Starting now, if you save $8,141 at the end of every year until you retire, how much will you have at retirement if the interest rate is 5.8 percent? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)
At the age of 35, to save for retirement, you decide to deposit $90 at the end of each month in an IRA that pays 5% compounded monthly. a. b. Use the following formula to determine how much you will have in the IRA when you retire at age 65. A= A= P[(1+r)²-1] r P -|C Find the interest. or a. You will have approximately $ when you retire. (Do not round until the final answer. Then round to the nearest dollar as needed.) in the IRA b. The interest is approximately $ (Use the answer from part a to find this answer. Round to the nearest dollar as needed.)
Assume that you contribute $220 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $440 per month for another 25 years. Given a 9.0 percent interest rate, what is the value of your retirement plan after the 50 years? Note: Do not round intermediate calculations and round your final answer to 2 decimal places.
You want to buy a new house. You can afford to pay $15,000 per year for 30 years with the first payment being due one year from today. If the interest rate on your loan is 3%, what price of home can you buy today? Enter your answer as a number rounded to 2 decimal places.
Suppose, again, that you want to retire at age 65 and to cover 25 years of regular, annual, $60,000 expenses, beginning on your 66th birthday, given 7% rates of return on your savings. a) What would be the present value of this amount on your 24th birthday? B) If you wanted to put an equal amount into your retirement account each year, beginning on your 25th birthday, and ending with the final payment on your 65th birthday, how much would you need to set aside each year?
please answer in the chart form
Assume that you contribute $280 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $480 per month for the next 25 years. Given a 7.2 percent interest rate, what is the value of your retirement plan after the 50 years? Note: Do not round intermediate calculations and round your final answer to 2 decimal places.

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