Find the future value of a continuous streamQuestionA 30-year-old places a continuous stream of $6, 000 per year into a retirement account which has a continuouslycompounding interest rate of 1.2%. What will be the value of this continuous stream when this person retires at age 65?Round your answer to the nearest integer. Do not include a dollar sign or commas in your answer.Provide your answer below:FEEDBACKMORE INSTRUCTIONSUBMIT

The formula to calculate present value of a continuous payment stream is given below:

Answered: Find the future value of a continuous…

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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Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $250 at 62% simple interest for 4 years $ 324.65 Need Help? Talk to a Tutor Read It
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You are expecting to retire in 28-years and you want to retire with $10,000,000. How much you must put in the account monthly with interest rate of 8% annual and the current balance in account is $122,000.
Investment strategy: Financial Mathematics You have just made your first $5,000 contribution to your individual retirement account. Assuming you earn an annual rate of return of 9.75 percent and make no additional contributions, what will your account be worth when you retire in 45 years? Show all working and forumlas used. Provide a breakdown of how all answers were derived.
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Hi, how do i solve this corp fi problem without using excel? Retirement options: Option 1: Make $1364.6 per month if you start your CPP at age 65. Option 2: Delay taking your CPP benefits until after 65, your monthly income will increase by0.7% for each month that you delay, up until age 70. Discount rate is .04 per month Question: What is present value at age 65 of your CPP payments if you begin taking them at 65? what is the present value at age 70 of your CPP payments if you begin taking them at 70?
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
D Listen Ms. Spencer just retired with $360,000 in her retirement account. Assuming that she can earn 4.8% compounded monthly on her funds, how many month-end withdrawals of $4,000 will she be able to take before the fund is depleted? Round your answer to 2 decimal places. Your Answer: Answer
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Question 4 answered Suppose you want to have $500,000 for retirement in 30 years. Your account earns 8% interest. a) How much would you need to deposit in the account each month? $ b) How much interest will you earn? S Question Help: Submit Question > Video Search
STRATEGY 2: SAVINGS EARLY PLAN Assume that you are 22 years old and are started saving for retirement on January 1, 2022. You plan to retire on December 31, 2064, when you are 64 years old. There are 43 years from the time you started investing (saving) until you retire. You have no previous or other retirement savings when you start to save. Assume there are 365 days in each year from 2022 to 2064. (Ignore leap years). Assume that taxes will not affect any of the amounts or your savings. You invest $350 at the end of each month into a retirement account paying 8.75% compounded monthly for 15 years starting on January 1, 2022. After 15 years, you do not make any more payments or withdrawals and leave the money in the retirement account until retirement. Show all work and answer the following questions: Assuming no withdrawals or additional payments were made, how much money will be in your retirement account after 15 years? After 15 years, how many years are left until you retire?…

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