If Edward wants to earn $215,000 within the next 20 years and the salaries grow at 4.15% per year, what salary should he start at to reach his goal? (Round your answer to the nearest whole number.)

Q: You expect to receive $26,000 at graduation in two years. You plan on investing it at 9.25 percent…

A: Present Value = $26,000  Future Value = $161,000  Rate (r) = 9.25%

Q: Your father will get a gratuity of ₹ 350,000 after 10 years from now on his retirement. His employer…

A: The time value of money is a concept in finance that takes into account the effect of compounding to…

Q: Beth currently brings in an annual salary of $48,000 and anticipates a raise of 6% every year. What…

A: Present Value = pv = $48,000Growth Rate = r = 6%Time = t = 16

Q: Your client, Tom, has come to you inquiring about retirement. He wants to know approximately how…

A: Given: Annual retirement amount “PMT” = $182365 Number of years post retirement = 90-64 = 26 Nominal…

Q: t be until this occurs?

A: To calculate the years will it be to recieve $ 60,000 from $9,000 at 10% , the formual to be applied…

Q: You expect to receive $15,000 at graduation in three years. You plan on investing it at 13% until…

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

Q: You are offered ​$80,000 today or ​$300,000 in 11 years. Assuming that you can earn 14 percent on…

A: Choosing between $80,000 today and $300,000 in 11 years:Considering the time worth of money and the…

Q: If you want to retire with $2,000,000 in 45 years and can earn a rate of 10% with monthly…

A: The retirement amount to be required (FV) is $2,000,000. The maturity period is (NPER) 45 years. The…

Q: Kevin and Jennifer are ready to retire. They want to receive the equivalent of $40,000 in today's…

A: To calculate the lump sum that Kevin and Jennifer need to invest today, we can use the present value…

Q: Suppose Annie’s current salary is $65,000 per year, and she is planning to retire 25 years from now.…

A: Retirement is the phase of life when an individual decides to stop working and transitions from…

Q: Barry plans to invest $350 a month for the next 30 years, how much money will he have in his account…

A: Given data, monthly payment = $350 number of years = 30 years annual rate = 12%   To calculate the…

Q: suppose you want to make sure you have 2,000,000 when you retire in 35 years. what even annual…

A: We need to use future value of ordinary annuity formula to calculate the annual payment. The formula…

Q: monthly nominal rate of return must his investment earn for him to achieve his goal?  2. If the…

A: Present value refers to the value present today of the future stream of payments based on the…

Q: ● Gilles Lebouder has just been offered a job at $50,000 a year. He anticipates his salary will…

A: Present value of his lifetime salary is calculated using following equation Present value =…

Q: how much will the three project payments be worth at the time of her retirement?

A: Introduction: The term future value of annuity can be defined as the value of payments at some…

Q: Suppose that your friend has a farm in 2019 and wants to make an investment 150,000 in 2030 for all…

A: Future Investment = 150,000 Time duration = 2030-2019 = 11 years

Q: Suppose Josh’s current salary is $72, 000 per year, and she is planning to retire 25 years from now.…

A: The FV of a payment series determines the value that the asset has at the time of maturity…

Q: When your uncle started work on his twenty-first birthday, he decided to invest money each month…

A: Future value = $1,000,000Interest rate = 2% compounded monthlyPresent age = 21Retirement age = 61

Q: You have 35 years left until retirement and want to retire with $4.5 million. Your salary is paid…

A: Salary received at the end of the current year$63,000Salary increment percentage3.3%Annual…

Q: Flaherty is considering an investment that, if paid for immediately, is expected to return $140,000…

A: Present value: Present value of a future amount is the worth of the future amount in the present…

Q: Josh Collins plans to buy a house for $299,000. If that real estate is expected to increase in value…

A: The concept of time value of money states that money or a financial security’s or an asset’s worth…

Q: ichelle Smith is planning on taking her family to Disney World in three (3) years’ time. She plans…

A: Future value of the money include the amount that is being deposited over the period and amount of…

Q: 1) What monthly nominal rate of return must his investment earn for him to achieve his goal?  2) If…

A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…

Q: Walt is evaluating an investment that will provide the following returns at the end of each of the…

A: Explanation : Present Value is the current value of a cash flow that can be occurred in future. To…

Q: The monthly rent for the first house is $1, 190, and the Bainters can expect it to increase 1.7%…

A:

Q: An investor is considering an investment that will pay $2,270 at the end of each year for the next…

A: Payment = p = $2270 Time = t = 10 years Interest rate = r = 12%

Q: I want to have 6000000 when I retire on April 18, 2055. I plan on making annual equal payments…

A: Future Value: Using an expected rate of growth, future value (FV) is defined as the worth of a…

Q: Ronald has an investment opportunity that promises to pay him $55,000 in three years. He could earn…

A: Present value = Future value * Present value of $1 table factor

Q: A corporation pays a dividend of $0.95 per year, and it’s equity cost of capital is 15%. If the…

A: The value of a stock can be determined using the Gordon Growth Model, which is a method for valuing…

Q: Sandra needs to save $46000 over the next 5 years. If she can save $6400 per year and earn an 12%…

A: Amount required = $46,000 Annual savings (C) = $6400 Interest rate (r) =0.12 Period (n) = 5 Years…

Q: a.  If his opportunity cost is 9​% compounded​ annually, what value should he place on this…

A: Time value of money (TVM) refers to the method used to measure the amount of money at different…

Q: Adam current salary is £106000 annually. He expect that his salary will growth 6% every year until…

A: We can determine his salary when he retires using the FV formula as below:Out of the salary at…

Q: Starting next month, I plan to invest $500 per month for 10 years to reach my goal of $100,000.…

A: The rate of interest is used in the calculation of the interest amount on the principal value. The…

Q: You want to retire in 20 years. You currently have $200,000, and think you will need $1.5 million at…

A:

Q: Suppose Lily’s current salary is $72, 000 per year, and she is planning to retire 25 years from now.…

A: The time value of money is the concept that is widely used by companies and individuals to determine…

Q: marian plunket owners her own business and is considering an investment. If she undertakes the…

A: The difference between the present value of all cash inflows and the present value of all necessary…

Q: Suppose Franco wants to have P10,000,000 to retire 45 years from now, how much would she have to…

A: Present Value:  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: You expect to receive $12,000 at graduation in two years. You plan on investing it at 10 percent…

A: Compound interest is a financial concept where your initial investment (or principal) earns…

Q: You plan to purchase an office space in Chamblee's Chinatown for $50,000 at the end of year 2021.…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: Marian Plunket owns her own business and is considering an investment. If she undertakes the…

A: The objective of the question is to calculate the Net Present Value (NPV) of an investment…

Q: As a graduating senior, ChunKumora of Manhattan, Kansas, is eager toenter the job market at an…

A: Calculation of Salary in 10 Years, 20 Years and Raise in Dollars next year and year after:The salary…

Q: Suleman plans to fund his retirement plan and targeting to get OMR 50,000 at the end of 9th year,…

A: Computation:

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.