Assume your goal in life is to retire with one million dollars. How much would you need to save at the end of each year if interest rates average 4% and you have a 25-year work life?  a. $752,952 b. $200,204 c. $40,000 d. $24,012

You are wishing to retire in five years and believe you will need $35,000 per year in today's dollars to live comfortably. How much money you require in your first year of retirement if the cost of living is averaging an annual increase of 2.25 % ? O bo c$43, 118.72$39, 181.72$29, 118.72$39, 118.72$44,118.72

You're looking forward to retiring in a few years, and you hope that you will have enough in your retirement account to provide you with $1,700 per month for 20 years.  Assuming a return of 4.15%, how much do you need in your account when you retire? Group of answer choices $406,589.00 $276,912.00 $391,742.68 $634,138.80

Expecting to retire in 20 years, you invest $5000 today in your retirement account which pays an annual return of 5% (assume compounding). How much additional $ value will you earn from this investment if you expect to keep the money invested for 25 years instead of 20 years? A) $13,266.49 B) $11,250.00 C) $3,760.22 D) $3,665.29 E) $1,250.00

After retirement, you expect to live for 25 years. You would like to have $90,000 in income each year. How much should you have saved in your retirement account to receive this income if the annual interest rate is 9 percent per year? (Assume that the payments start one year after your retirement.) Multiple Choice $884,032.16 $99.986.08 $2,250,000.00 $1,456,153.94

Y You would like to have $700,000 when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 4% compounded quarterly? a) How much should you deposit each quarter? $ b) How much total money will you put into the account? $ c) How much total interest will you earn?

Accounting how much will you have left 25 years from now?

Many assets provide a series of cash inflows over time; and many obligations require a series of payments. When the payments are equal and are made at fixed intervals, the series is an annuity. There are three types of annuities: (1) Ordinary (deferred) annuity, (2) Annuity due, and (3) Growing annuity. One can find a annuity's future and present values, the interest rate built into annuity contracts, and the length of time it takes to reach a financial goal using an annuity. Growing annuities are often used in the area of financial planning. Their analysis is more complex and often easier solved using a financial spreadsheet, so we will limit our discussion here to the first two types of annuities. The future value of an ordinary annuity, FVAN, is the total amount one would have at the end of the annuity period if each payment (PMT) were invested at a given interest rate and held to the end of the annuity period. The equation is: Each payment of an annuity due is compounded for one…

prd.2

You want to retire with $400 000 in the bank and you are able to earn 6% compounded quarterly for the next 25 years. How much money do you have to invest today in order to achieve your goal? Select one: a. $90 251.77 b. $90 201.77 c. $90 001.78 d. $90 251.78 e. $90 001.77