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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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.)
Engineering Econ: You’re looking at your parents’ retirement plans and studying the differences between their saving habits. On her thirty-first birthday, your mother Virginia invested $1,500 into her employer’s retirement plan, and she makes annual $1,500 payments for 10 years, so that her total contribution (principal) is $15,000. Your mother then stops making payments into her plan and keeps her money in the savings plan, untouched for 25 more years until retirement at age 65. Your father Anthony starts putting money aside on his forty-sixth birthday, when he deposits $2,000, and he continues these annual payments for 20 years until he reaches 65 years old. Thus, Anthony’s contributed principal amounts to $40,000 over this period of time. If Virginia’s and Anthony’s retirement plans both earn interest at a rate of 6% per year, compounded annually, then what is the difference in the future value of their savings when your parents turn 65? (e.g., FW(Virginia)-FW(Anthony)) Round…
1) Betty Smith (that scoundrel Bob’s wife) wants to save $500,000 in four years. She knows that Bob isno good and is planning on leaving him. She wants to make monthly deposits into an account thatpays 5%monthly. How much should she deposit at the end of each month? For those that are curious,Betty makes money by selling poodle prints. She dips her poodle in a giant ink well and presses it ontoa canvas. Dog lovers will buy anything.
When you take your job, you decide to start saving for your retirement. You put P3k per year into the company’s plan, which averages 18% interest per year. Five years later, you move to another job and start a new plan. You never get around to merging the funds, if the 1st plan continued to earn interest at the rate of 18% per year for 25 years after you stopped making contributions, how much is the account worth?
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 $280,000 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? (Please use the following provided Table) (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) i.......... Each year investment
Hi I have a question regarding Austrlian Retirement and Financial Planning. In this example, the couple are retired and one of them is ill and looking for a retirement home, the home is going to cost $450,000 deposit. Neither of the couple work and draw 50,000 from their super in order to stay afloat. They have 20,000 and 562,000 in super combined, have a 900,000 dollar home. They also have 10,000 worth of home contents, a 15,000 dollar vehicle, and 55,000 cash in the bank. It is important to note they have 0 debt and everything is fully paid off. Neither of them have ever received pension money or government support. Myrtle wishes to put bob in an aged care facility, and when that is done she wants to return to work part time. 1. How will Myrtle's income be funded of $40,000 per annum be financed now, in the future and when she retires in 10 years time?
A 45-year-old man puts $2500 in a retirement account at the end of each quarter until he reaches the age of 60, then makes no further deposits. If the account pays 6% interest compounded quarterly, how much will be in the account when the man retires at age 65?
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