esPeriod4567891011121314151617181920212223242526272829303132333435363738394041434445454748497.5 %Sinking fund factor of $1 per period at i% for n periods.0.5% 1.0% 1.5% 20% 2.5% 3.0% 3.5% 4.0 % 4.5% 5.0% 55% 6.0% 6.5% 7.0 %8.0 % 8.5 % 9.0 % 9.5 % 10.0%1.0000 1.0000 10000 10000 10000 10000 10000 10000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.00000.4988 0.4975 0.4963 0.4950 0.4938 0.4926 0.4914 0.4902 0.4890 0.4878 0.4866 0.4854 0.4843 0.4831 0.4819 0.4808 0.4796 0.4785 0.4773 0.47620.3317 0.3300 0.3284 0.3268 0.3251 0.3235 0.3219 0.3203 0.3188 0.3172 0.3157 0.3141 0.3126 0.3111 0.3095 0.3080 0.3065 0.3051 0.3036 0.30210.2481 0.2463 0.2444 0.2426 0.2408 0.2390 0.2373 0.2355 0.2337 0.2320 0.2303 0.2286 0.2269 0.2252 0.2236 0.2219 0.2203 0.2187 0.2171 0.21550.1980 0.1960 0.1941 0.1922 0.1902 0.1884 0.1865 0.1846 0.1828 0.1810 0.1792 0.1774 0.1756 0.1739 0.1722 0.1705 0.1688 0.1671 0.1654 0.16380.1646 0.1625 0.1605 0.1585 0.1565 0.1546 0.1527 0.1508 0.1489 0.1470 0.1452 0.1434 0.1416 0.1398 0.1380 0.1363 0.1346 0.1329 0.1313 0.12960.1407 0.1386 0.1366 0.1345 0.1325 0.1305 0.1285 0.1266 0.1247 0.1228 0.1210 0.1191 0.1173 0.1156 0.1138 0.1121 0.1104 0.1087 0.1070 0.10540.1228 0.1207 0.1186 0.1165 0.1145 0.1125 0.1105 0.1085 0.1066 0.1047 0.1029 0.1010 0.0992 0.0975 0.0957 0.0940 0.0923 0.0907 0.0890 0.08740.1089 0.1067 0.1046 0.1025 0.1005 0.0984 0.0964 0.0945 0.0926 0.0907 0.0888 0.0870 0.0852 0.0835 0.0818 0.0801 0.0784 0.0768 0.0752 0.07360.0978 0.0956 0.0934 0.0913 0.0893 0.0872 0.0852 0.0833 0.0814 0.0795 0.0777 0.0759 0.0741 0.0724 0.0707 0.0690 0.0674 0.0658 0.0643 0.06270.0887 0.0865 0.0843 0.0822 0.0801 0.0781 0.0761 0.0741 0.0722 0.0704 0.0686 0.0668 0.0651 0.0634 0.0617 0.0601 0.0585 0.0569 0.0554 0.05400.0811 0.0788 0.0767 0.0746 0.0725 0.0705 0.0685 0.0666 0.0647 0.0628 0.0610 0.0593 0.0576 0.0559 0.0543 0.0527 0.0512 0.0497 0.0482 0.04680.0745 0.0724 0.0702 0.0681 0.0660 0.0640 0.0621 0.0601 0.0583 0.0565 0.0547 0.0530 0.0513 0.0497 0.0481 0.0465 0.0450 0.0436 0.0422 0.04080.0691 0.0669 0.0647 0.0626 0.0605 0.0585 0.0566 0.0547 0.0528 0.0510 0.0493 0.0476 0.0459 0.0443 0.0428 0.0413 0.0398 0.0384 0.0371 0.03570.0644 0.0621 0.0599 0.0578 0.0558 0.0538 0.0518 0.0499 0.0481 0.0463 0.0446 0.0430 0.0414 0.0398 0.0383 0.0368 0.0354 0.0341 0.0327 0.03150.0602 0.0579 0.0558 0.0537 0.0516 0.0496 0.0477 0.0458 0.0440 0.0423 0.0406 0.0390 0.0374 0.0359 0.0344 0.0330 0.0316 0.0303 0.0290 0.02780.0565 0.0543 0.0521 0.0500 0.0479 0.0460 0.0440 0.0422 0.0404 0.0387 0.0370 0.0354 0.0339 0.0324 0.0310 0.0296 0.0283 0.0270 0.0258 0.02470.0532 0.0510 0.0488 0.0467 0.0447 0.0427 0.0408 0.0390 0.0372 0.0355 0.0339 0.0324 0.0309 0.0294 0.0280 0.0267 0.0254 0.0242 0.0230 0.02190.0503 0.0481 0.0459 0.0438 0.0418 0.0398 0.0379 0.0361 0.0344 0.0327 0.0312 0.0296 0.0282 0.0268 0.0254 0.0241 0.0229 0.0217 0.0206 0.01950.0477 0.0454 0.0432 0.0412 0.0391 0.0372 0.0354 0.0336 0.0319 0.0302 0.0287 0.0272 0.0258 0.0244 0.0231 0.0219 0.0207 0.0195 0.0185 0.01750.0453 0.0430 0.0409 0.0388 0.0368 0.0349 0.0330 0.0313 0.0296 0.0280 0.0265 0.0250 0.0236 0.0223 0.0210 0.0198 0.0187 0.0176 0.0166 0.01560.0431 0.0409 0.0387 0.0366 0.0346 0.0327 0.0309 0.0292 0.0275 0.0260 0.0245 0.0230 0.0217 0.0204 0.0192 0.0180 0.0169 0.0159 0.0149 0.01400.0411 0.0389 0.0367 0.0347 0.0327 0.0308 0.0290 0.0273 0.0257 0.0241 0.0227 0.0213 0.0200 0.0187 0.0175 0.0164 0.0154 0.0144 0.0134 0.01260.0393 0.0371 0.0349 0.0329 0.0309 0.0290 0.0273 0.0256 0.0240 0.0225 0.0210 0.0197 0.0184 0.0172 0.0161 0.0150 0.0140 0.0130 0.0121 0.01130.0377 0.0354 0.0333 0.0312 0.0293 0.0274 0.0257 0.0240 0.0224 0.0210 0.0195 0.0182 0.0170 0.0158 0.0147 0.0137 0.0127 0.0118 0.0110 0.01020.0361 0.0339 0.0317 0.0297 0.0278 0.0259 0.02420.0210 0.0196 0.0182 0.0169 0.0157 0.0146 0.0135 0.0125 0.0116 0.0107 0.0099 0.00920.0170 0.0157 0.0145 0.0134 0.01240.0158 0.0146 0.01350.0347 0.0324 0.0303 0.0283 0.0264 0.0246 0.022900334 0.0311 0.0290 0.0270 0.0251 0.0233 0.02160.01850.0321 0.0299 0.0278 0.02580.0310 0.0287 0.0266 0.0246 0.02260.0299 0.0277 0.0256 0.02360221 0.0204 0.0189 0.0174 0.0160 0.0148 0.0136 0.01250.0210 0.0194 0.0178 0.01640.0138 0.0126 0.01160.0200 0.0184 0.0169 0.0154 0.0141 0.0129 0.0118 0.01080.0190 0.01740.0182 0.01660.0289 0.0267 0.0246 0.02260.0110 0.01000.0279 0.0257 0.0236 0.0217 0.01990.0146 0.01330.0137 0.01250.0106 0.0097 0.0090 0.00830089 0.0081 0.00750.0088 0.0081 0.0074 0.00670.0081 0.0073 0.0067 0.00610.0074 0.0067 0.0061 0.00550.0067 0.0061 0.0055 0.00500.0062 0.0056 0.0050 0.00450.0063 0.0057 0.0051 0.0045 0.00410058 0.0052 0.0046 0.0041 0.00370053 0.0048 0.0042 0.0038 0.00330.0055 0.0049 0.0044 0.0039 0.0034 0.00300.0051 0.0045 0.0040 0.0035 0.0031 0.00270.0048 0.0042 0.0037 0.0032 0.0028 0.00250.0271 0.0248 0.0228 0.02080.0262 0.0240 0.0219 0.0200 0.01820.0254 0.0232 0.0212 0.0192 0.0175 0.0158 0.0143 0.01290.0050 0.0044 0.0039 0.0034 0.0030 0.0026 0.00230.0047 0.0041 0.0036 0.0031 0.0027 0.0024 0.00200.0043 0.0038 0.0033 0.0029 0.0025 0.0021 0.00190.0046 0.0040 0.0035 0.0030 0.0026 0.0023 0.0020 0.00170.0043 0.0038 0032 0.0028 0.0024 0.0021 0.0018 0.00150.0041 0.00350.0194 0.0172 0.0153 00135 0.0118 00104 0.0091 0.00790.0026 0.0022 0.0019 0.0016 0.00140.0038 0.0033 0.00280.0189 0.0168 0.0148 0.0130 0.0114 0.0100 0.0087 0.0075 0.0065 0.0056 0.00480.0024 0.0020 0.0017 0.0015 0.00130.0041 0.00360.0185 0.0163 0.0144 0.0126 0.0110 0.0096 0.00830026 0.0022 0.0019 0.0016 0.0014 0.00110.0062 0.0053 0.0046 0.0039 0.0033 0.0028 0.00240.0181 0.0159 0.0140 0.0122 0.0106 0.0092 0.0080 0.0069 0.0059 0.0050 0.0043 0.0037 0.0031 0.0026 0.0022 0.0019 0.0016 0.0013 0.0011 0.00090.0020 0.0017 0.0015 0.0012 0.001000177 00155 0.0136 00118 00103 0 0089 0 0076 00066 00056 0.0048 0.0041 0.0034 0.0029 00025 0.0021 0.0017 00015 0.0012 0.0010 0.00090173 0.0158 0.0143 001300.0165 0.0150 0.0136 0.01230.0247 0.0225 0.0204 0.0185 0.0167 0.0151 0.01360.0240 0.0218 0.0197 0.0178 0.0161 0.0145 0.01300.0233 0.0211 0.0191 0.0172 0.0154 0.01380.0226 0.0205 0.0184 0.0166 0.0148 0.0133 0.0118 0.0100.0220 00199 0.0178 0.0160 0.0143 0.0127 0.01130.0215 0.0193 0.0173 0.0154 0.0137 0.0122 0.01080.0209 0.0187 0.0167 0.0149 0.0132 0.0117 0.0103 0.00910.0127 0.0112 0.0099 0.0087 0.00760.0123 0.0108 0.00950.0204 0.0182 0.0162 0.01440.0199 0.0177 0.0157 0.0139Each year investment0080 0.00700.0072 0.00630.00700.00650.0075 0.0067 0.00600090 0.0081Bankrate.com reported on a shocking statistic: only 55% of workers participate in their company's retirement plan.This means that 45% do not. With such an uncertain future for Social Security, this can leave almost 1 in 2 individualswithout proper income during retirement. Jill Collins, 25, decided she needs to have $350,000 in her retirementaccount upon retiring at 60. How much does she need to invest each year at 4% compounded annually to meet hergoal? (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer tothe nearest dollar amount.)

Here, Required Amount (FV) is $350,000 Interest Rate (r) is 4% compounded annually Time Period (n)…

Bankrate.com reported on a shocking statistic: only 55% of workers participate in their company's retirement plan. This means that 45% do not. With such an uncertain future for Social Security, this can leave almost 1 in 2 individuals without proper income during retirement. Jill Collins, 25, decided she needs to have $350,000 in her retirement account upon retiring at 60. How much does she need to invest each year at 4% compounded annually to meet her goal? (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

Bankrate.com reported on a shocking statistic: only 55% of workers participate in their company's retirement plan. This means that 45% do not. With such an uncertain future for Social Security, this can leave almost 1 in 2 individuals without proper income during retirement. Jill Collins, 25, decided she needs to have $350,000 in her retirement account upon retiring at 60. How much does she need to invest each year at 4% compounded annually to meet her goal? (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

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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Similar questions

An engineer will deposit 15% of her salary each year into a retirement fund. If her current annual salary is $80000 and she expects that it will increase by 5% (g) each year, what will be the present worth of the fund after 35 years if it earns 5% interest? (Answer: $400,000) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
13–18. Bankrate.com reported on a shocking statistic: only 54% of workers participate in their company’s retirement plan. This means that 46% do not. With such an uncertain future for Social Security, this can leave almost 1 in 2 individuals without proper income during retirement. Jill Collins, 20, decided she needs to have $250,000 in her retirement account upon retiring at 60. How much does she need to invest each year at 5% compounded annually to meet her goal? Tip: She is setting up a sinking fund. PROVIDE THE FOLLOWING FOR EACH PROBLEM N= I= PV= PMT= FV= C/Y= P/Y =
Bankrate.com reported on a shocking statistic: only 55% of workers participate in their company’s retirement plan. This means that 45% do not. With such an uncertain future for Social Security, this can leave almost 1 in 2 individuals without proper income during retirement. Jill Collins, 25, decided she needs to have $190,000 in her retirement account upon retiring at 60. How much does she need to invest each year at 4% compounded annually to meet her goal? (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
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