Giselle wants to withdraw $7500 at the beginning of every three months for 20 years starting day of her retirement. If she will retire in 24 years and interest is 3.95% compounded quarterly, how much must she deposit into an account at the beginning of every quarter for the next 24 years starting now? Show all inputs and any other necessary work below. This question requires two separate steps. Show all inputs for both steps and any other necessary work. P/Y = P/Y = C/Y = CIY = N= I/Y = I/Y = PV = PV = PMT = PMT = FV = FV =

Giselle wants to withdraw $7500 at the beginning of every three months for 20 years starting day of her retirement. If she will retire in 24 years and interest is 3.95% compounded quarterly, how much must she deposit into an account at the beginning of every quarter for the next 24 years starting now? Show all inputs and any other necessary work below. This question requires two separate steps. Show all inputs for both steps and any other necessary work. P/Y = P/Y = C/Y = CIY = N= I/Y = I/Y = PV = PV = PMT = PMT = FV = FV =

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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Aryssa has saved $72,100.00. If she decides to withdraw $2,650.00 at the beginning of every month and interest is 8.27% compounded annually, for how long can she make withdrawals? Express your answer in years and months (from 0 to 11 months). Her last withdrawal will occur year(s) and month(s) from now. (Type whole numbers.) (LLDD
Kelly Malone plans to have $55 withheld from her monthly paycheck and deposited in a savings account that earns 12% annually, compounded monthly. If Malone continues with her plan for two and one-half years, how much will be accumulated in the account on the date of the last deposit? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your final answer to 2 decimal places. Round "Table Factor" to 4 decimal places.) Periodic Cash Flow Table Values are Based on: = Table Factor Total Accumulation
Additionally complete the following problems (showing all work): i. Joshua plans to retire in 25 years. He will make 15 years of equal monthly payments into his account. Ten years after his last contribution, he will begin the first of 120 (10 years) of withdrawals of $2900 per month. Assume that the retirement account earns interest of 5.4% compounded monthly for the duration of his contributions, the 10 years in between his contributions and the withdrawals, and the 10 years of withdrawals. How large must Joshua's monthly contributions be in order to accomplish his goal? (The parts below will help you work through this problem.) (a) If Joshua wants to fund 10 years of monthly withdrawals of $2900 at 5.4% interest, compounded monthly, how much needs to be in the account? (b) Use your answer from part (b) as future value to find the present value of a compound interest account for the intervening 10 years. (c) This gives you the amount in the account at the end of the 15 years of…
PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS2.Alejandra Marrufo wants to know how much she should deposit today, so that in 10 years she will have the amount (VF) of 77,150.00, which she needs to make a pension payment for her domestic worker, a) if the account pays 8.125% interest compoundable semiannually; b) if the account pays 9.65% compoundable monthl
please answer in the chart form
You begin making contributions to a new retirement account on your thirtieth birthday. You make a contribution of $4000 at the beginning of each year through your sixty-fourth birthday. Starting at age sixty-five and continuing through your eightieth birthday, you made a level withdrawal on your birthday. Find the amount of these withdrawals if they completely exhaust the balance in your account and the annual effective rate is 6% until you are sixty-five and 5% thereafter.
A woman, with her employer's matching program, contributes $300 at the end of each month to her retirement account, which earns 7% interest, compounded monthly. When she retires after 43 years, she plans to make monthly withdrawals for 25 years. If her account eams 6% interest, compounded monthly, then when she retires, what is her maximum possible monthly withdrawal (without running out of money)? The maximum possible monthly withdrawal is approximately $ (Simplify your answer. Round to the nearest cent as needed) CD-
Say that you plan to retire one quarter after making quarterly contributions to a retirement account for 10 years. You plan to make quarterly contributions of $1007 to an investment account that will earn 10.0% interest annually. If your first contribution occurs today, then what is the account balance when you retire? (Round to the nearest dollar)
Alyssa has $800,000 saved for retirement in an account earning 2.2% interest, compounded quarterly. How much will she be able to withdraw each quarter if she wants to take withdrawals for 19 years? Round your answer to the nearest dollar. LA
Kerri James is considering the purchase of a car, which will cost her $24,600. She will borrow the entire purchase price and make monthly payments over the next six years. The first payment is due next month and the annual interest rate is 3.00%. She will owe $____ on the car immediately following the 18th payment. A. 18,858.19 B. 18,531.57 C. 20,757.33 D. 19,184.00 E. 23,258.56
You deposit your inheritance of $500,000 into an account earning 5.3% interest per year compounded monthly. You intend to withdraw a fixed amount monthly for 16 years. What amount can you withdraw monthly in order to empty the account in the 16 years? Give the answer to 2 decimal places, and do not use the $ sign in the answer box. Blank 1. Calculate the answer by read surrounding text. dollars
. LING has saved $73,800.00. If she decides to withdraw $2,727.00 at the beginning of every three months and interest is 6.57% compounded annually, for how long can she make withdrawals? Express your answer in years and months (from 0 to 11 months). Her last withdrawal will occur ____year(s) and___ month(s) from now. (Type whole numbers.)

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