How long would it take for you to save an adequate amount for retirement if you deposit $40,000 per year into an account beginning today that pays 12 percent per year if you wish to have a total of $1,000,000 at retirement? O a. 12.2 years O b. 10.5 years O C. 14.8 years O d. 11.5 years

Q: You are 40 years old and want to retire at age 65. Each year, starting one year from now, you will…

A: In retirement planning the present value of retirement needs must be equal to the future value of…

Q: 6. You have saved $1,000,000, and have thus decided to retire. You have moved all of your money into…

A: PV=$1,000,000 Interest rate=6% Monthly payment can be calculated using the following formula:…

Q: suppose you put $1500 into your IRA this year. You do not make any additional contributions to the…

A: given, pv = $1500 r=10.5% n = 42 years

Q: Suppose you want to have $400,000 for retirement in 20 years. Your account earns 8% interest. How…

A: Here, Particulars Values Future value (FV)  $ 4,00,000.00 Annual interest rate 8.00% Time…

Q: Suppose you plan to retire in 40 years.  If you make annual contributions of $15,000 into your…

A: Data given:Part IFor 14 yearsPMT=$15000Rate=14%Part IIFor remaining 26 yearsPV=Amount computed in…

Q: You wish to retire 40 years from now. You want OMR 50,000 per year once you retire with the first…

A: The present value function or concept can be used to determine the present value of a future sum or…

Q: You want to retire exactly 35 years from today with $1,990,000 in your retirement account. If you…

A: Monthly deposits are the amount of money kept aside that earns a defined rate of interest for a…

Q: Many persons prepare for retirement by making monthly contributions to a savings program. Suppose…

A: Here, Yearly Deposits is $2,000 Interest Rate is 8% Compounding is Continuous Compounding Time…

Q: You have just made your first $ 200,000 yen contribution to your retirement account. Assuming you…

A: The future value of a cash flow is the future worth of a cash flow at a certain rate of interest and…

Q: Your uncle is about to retire, and he wants to buy an annuity that will provide him with $55,928 of…

A: Annuity = a = $55,928Time = t = 10 YearsRate of Return = r = 8%

Q: 110 Derek will deposit $7,257.00 per year for 30.00 years into an account that earns 15.00%, The…

A: Future value is the worth of a specific asset at a future date that has been established. In other…

Q: Suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every…

A: IRA is an individual retirement plan and contributions made are tax free and this is quite necessary…

Q: You want to retire exactly 35 years from today with $2,080,000 in your retirement account. If you…

A: An annuity refers to a series of equal cash flows received or paid at regular intervals for a…

Q: A worker saves for retirement from year 2035 to year 2056, starting with $10,000 in 2035 and…

A: Annuity is the amount that can be withdrawn from amount saved over period of time for retirement.

Q: You currently have $250,000 in your retirement account. What equal annual amount must you deposit…

A: Equal annual deposits into an account for a fixed number of times is called annuity. The future…

Q: en you retire at 65 you can take either $500,000 in cash or an ordinary annuity that promises to pay…

A: Today value=PV=$500000PMT=annuity=$47488.98Rate-r=8%Required =number of years

Q: Suppose you plan to retire in 40 years.  If you make annual contributions of $13,000 into your…

A: The future value refers to the value of all amount accumulated at the regular intervals for a…

Q: If you deposit $20,000 per year for 18 years (each deposit is made at the beginning of each year) in…

A:

Q: You want to have $100,000 in your savings account 3 years from now, and you're prepared to make…

A:

Q: You want to have $46,000 in your savings account 6 years from now, and you're prepared to make equal…

A: Annuity is a series of payments being made in order to receive more value in future. Under ordinary…

Q: 7. Kate deposits $9,900 each yearinto her retirement account. If these funds have an average eaming…

A: Given, A=$9900 r=11% n=40 years

Q: You will retire when you have accumulated $2 million in your IRA. If starting in one year and…

A: In compounding there is interest on interest including the deposit made due to which interest is…

Q: you would like to have enough money saved to receive a $53,000 per year perpetuity after retirement.…

A: Perpetuity refers to something that lasts forever, without an end.It represents an infinite duration…

Q: enefits. Therefore, you opened your retirement account with a 7% annual interest rate. At retirement…

A: Given as, Annuity sum required after 30 years for 20 year is $50,000 Annual coupon rate is 6%…

Q: A man wishes to have 280,000.00 when he retires 15 years from now. If he can expect to receive 4%…

A: Annual Interest rate is 4% Type of annuity is begining of year Future Value is P 280,000 Time period…

Q: Assume that you deposit $ 1,310 each year for the next 15 years into an account that pays 15 percent…

A: The FV of an investment refers to the combined value of the cash flows of the investment at a…

Q: số thất they can thên make quarteriy An Individuali wants to establish an annulty for retirement…

A: Given Information : Quarterly withdrawals = $5,000 Interest rate = 12% compounded quarterly Deposit…

Q: Baghiben

A: The objective of this question is to calculate the future value of an annuity due. An annuity due is…

Q: You want to have $51,000 in your savings account 9 years from now, and you're prepared to make equal…

A: Payment per period is the regular payments made or received of an investment, while future value is…

Q: Suppose you are 25 years old and would like to retire at age 60. Furthermore, you would like to have…

A: The concept of time value of money will be used and applied here. As per the concept of time value…

Q: retires. How much must she put in the account now, if the accour pays a fixed interest rate of 9%,…

A: Present value illustrates the current value of a sum of money that will be received or paid in the…

Q: Suppose that you are to make annual deposit of $3,000 into a retirement account that pays 11%…

A: Future value of the amount is the worth of the current amount in some future specified date at given…

Q: You are planning to make monthly deposits of $160 into a retirement account that pays 13 percent…

A: This question pertains to computing compound interest within the framework of a retirement account.…

Q: 1.I plan to deposit $376 into my retirement every year for the next 25 years. The first deposit will…

A: When an individual deposits a recurring sum of investment each period at the beginning of that…

Q: If you deposit $2,000 into an account at the end of each of the next 40 years, at 4.5% interest, how…

A: It can be solved using  In excel FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate for the…

Q: Raghubhai

A: The objective of the question is to calculate the future value of an annuity, which is a series of…

Q: 11. Your grandaunt wants to buy an (ordinary) annuity that will pay her cost of living of $70,000…

A: Annuity refers to a series of equal payments being made over a period of time. When the payments are…

Q: •An insurance company offers to pay you $1,000 per year for 10 years if you will pay $6,710 up…

A: We can solve this using Present value of annuity formulaPresent value of annuity is =…

Q: If you deposit $25,000 per year for 13 years (each deposit is made at the end of each year) in an…

A: The question is based on the concept time value of money. The future value is defined as the value…

Q: year from now), in an account paying 8% interest per year. You will make your last deposit 30 years…

A: Information Provided: Savings each year = $5000 (From age 35 to 65) Interest rate = 8% Period from…

Q: What annual contributions to the retirement fund will allow you to receive the $18,000 annuity?

A: An annuity is a fixed and defined set of payments to be received for a certain number of years, It…

Q: How much will a registered retirement savings deposit of $23 700.00 be worth in 8 years at 6.54%…

A: Given, Principal amount = $23,700 Time (t) = 8 years Rate of interest (r) = 6.54%

Q: You are planning to make monthly deposits of $70 into a retirement account that pays 11 percent…

A: FV of annuity= Pmt*((1+r)n-1) /r

Q: You want to be able to withdraw $45,000 from your account each year for 20 years after you retire.…

A: Yearly deposit refers to an amount that is being deposited each year and earning a specified rate of…

Q: how much interest will i earn on $200 deposited in an account that pays 5.75% interest annually if i…

A: Given that: Initial deposit amount = $200 Interest rate = 5.75% Period = 1 year

Q: Example: A person wants to withdraw $1000 every month, for 21 years, to supplement their pension…

A: An employer-provided pension to their employee under a retirement program, this program gives…