Jill and Frank plan to retire in 40 years. How much do they need to deposit each month in a sinking fund in order (Links to an external site.) to have $750,000 when they retire if they earn 4.8% compounded monthly?

Q: Tracy wants to have $400,000 when she retires in 40 years' time. How much should she deposit at the…

A: Payment per period can be calculated using PMT function in excel.   PMT(rate, nper, pv, [fv],…

Q: Person Alec Daniel William Stephen Current Age 50 40 30 20 Initial Investment $ 9,700 9,700 9,700…

A: The concept of TVM will be used and applied here.TVM refers to time value of money.

Q: Retirement Funding. Barry has just become eligible for his employer-sponsored retirement plan. Barry…

A: Future value of annuity is the total value of all annual or periodical payments in the future after…

Q: Earl Ezekiel wants to retire in San Diego when he is 65 years old. Earl is now 50. He believes he…

A: We need to use present value formula below to calculate investment today PV =FV/(1+r)n Where PV…

Q: Leila is saving for her retirement by making deposits of $22,000 on each birthday into a savings…

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Q: Kim decides to retire in 15 years but she has nothing saved. She wants to receive $3,000 per month…

A: Step 1 The amount paid each month to repay the loan over the course of the loan is known as the…

Q: Mia plans to save $9,700 a year for the next 27 years to help her in retirement starting at the end…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Sandra Jones intends to retire in 20 years at the age of 65. As yet, she has not provided for…

A: Present Value:  The present value (PV) is the present sum of a series of fixed payments. The series…

Q: You annually invest $1,500 in an individual retirement account (IRA) starting at the age of 25 and…

A: Your annual investment, PMT = $ 1,500    Starting age = 25Number of Years, n = 15Annual Interest…

Q: I understand the awnser to this question is B but can you explain in detail why it is B. You inherit…

A: Today money=$300000Interest rate=r=7%Period=20 yearsHow can withdraw annually.

Q: A self-employed person deposits $2,000 annually in a retirement account (called a Keogh or H.R. 10…

A: The value of current asset for the future date based on the growing interest will be known as the…

Q: You contribute $1,000 annually to a retirement account for eleven years and stop making payments at…

A: Withdrawal using present value (PV) of funds at retirement refers to the strategy of calculating the…

Q: You contribute $1,000 annually to a retirement account for seven years and stop making payments at…

A: Using excel FV function

Q: After retiring, Rosetta wants to be able to withdraw $4,000.00 every month from her account for 26…

A: Amount to withdraw per month "PMT" is $4,000 Time period is 26 years Interest rate is 6% Compounded…

Q: 28-year old Kathy has decided to contribute $3000 once every year into her retirement account that…

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Q: A self-employed person deposits $2,000 annually in a retirement account (called a Keogh or H.R. 10…

A: The future value formula can be used to derive the future value of a present sum or a stream of…

Q: Despite his relative youth, Samuel Hunter has started planning for his retirement. At present, he…

A: Given: Annual investment = $6100 Period, n = 40 years Interest rate, r = 4% a. The accumulated…

Q: Jennifer is the owner of a video game and entertainment software retail store. She is currently…

A: CompoundingCompounding is the method through which interest is added to the existing principal…

Q: estimate how much additional retirement savings should J and J have at retirement to meet their…

A: Retirement Planning is the plan made to achieve the goal set for the retirement. In this case a…

Q: Oprah Winfrey has closed on a 42-acre estate near Santa Barbara, California, for $49,100,000. If…

A: Cost = $ 49,100,000 Down payment = 25% Loan amount (PV) = 49,100,000*(1-0.25)…

Q: A couple thinking about retirement decide to put aside $3,900 each year in a savings plan that earns…

A: The problem case focuses on calculating the retirement funds, based on annual savings and periodic…

Q: •Edith plans to retire in 25 years, and she wants to withdraw $200,000 per year for 35 years. Her…

A: 1.Present value of annuityPV = A * wherePV = present value of annuityA = periodic paymentsr =…

Q: Emily is trying to decide between investing $1,000 or $1,500 at the beginning of each year for the…

A: Future value of money is the amount of deposit done and the amount of compounded interest…

Q: our friend has just celebrated her 30th birthday and accepted her first job. She must now decide how…

A: Your friend is undertaking her retirement planning. She has crystallized the annuity required in her…

Q: Darnell Johnson wants to know if he can retire in 35 years at age 60, when he plans to do a lot of…

A: The objective of the question is to calculate the future value of an annuity and the interest…

Q: Please do not answer this question in excel thank you in advance.  Jill and Frank plan to retire in…

A: Retirement funds provide a cushion to retirement life of an individual. Every year a portion of…

Q: The amount of interest accumulated at the time of Emily's retirement will be $ thousand. (Round to…

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

Q: A 25 years old Engineer wants to retire at age 65 with $1,000,000 in his 401k account. If his  401K…

A: A monthly deposit of a fixed amount at equal intervals for a fixed period of time is a type of…

Q: A 40-year-old woman decides to put funds into a retirement plan. She can save $1,000 a year and earn…

A: We need to calculate the persent value of annuity  by using this formula.    PV of annuity =CF*…

Q: Assume you are 25 and earn ​$31 comma 00031,000 per​ year, never expect to receive a​ raise, and…

A: Future value:Future value is the expected value of a sum of money at a specific time in the future,…

Q: Craig and sally just got married .they want to have $750.000 in a retirement account in 40 years .…

A: We need to use future value of annuity formula for calculation of periodic  deposit to achive the…

Q: A couple thinking about retirement decide to put aside $12,500 each year in a savings plan that…

A: The questions require the determination of the future value of an annuity and the future value of a…

Q: A couple plans to retire in 25 years. At that time, they would like to have enough money in an…

A: The objective of this question is to find out the present value of an annuity due, which is the…

Q: Withdrawal Amount. Over the years, Ahmed and Aamina El-zayaty, of Berkeley, California, have…

A: Ahmed :Accumulated savings (Present Value) = $200,000Interest rate = 6%Period = 20 years

Q: You annually invest $2,000 in an individual retirement account (IRA) starting at the age of 30 and…

A: Since, in this question fixed amount is invested each year. So, it is the question of annuity.…

Q: Sherry has a goal of retiring with $427,480 by making weekly deposits into an investment account…

A: Given :- future value = $427,480Annual interest rate= 1.1% compounded weeklyExplanation:We know that…

Q: what is her payment?

A: Information Provided: Term = 20 years Present value = $1,000,000 Interest rate = 5%   Ordinary…

Employer Pension Plan

An employer pension plan is a retirement benefit provided by an employer to employees before or after they retire. Over the course of the employees' working lives, the employer should invest a lump sum or make monthly contributions to investment schemes in employees' names. It is the employer's legal responsibility to provide employees with retirement plans that support them with guaranteed financial security in retirement.