Question 3Assume that 25 years ago your dad invested $200,000, plus $25,000 in years 2 through 5,and$40,000 per year from year 6 on ward. At a very good interest rate of 12% per year,determine (a) the CC value, and (b) the annual retirement amount that he can withdrawforever starting next year (year 26), if no additional investments are made.

Following is the given information: Time period =25 yearsInvested amount =$200,000From years 2 to 5,…

Answered: Question 3 Assume that 25 years ago…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Troy Long wishes to deposit a single sum of money into a savings account so that five equal annual withdrawals of $2000 can be made before depleting the funds. If the first withdrawal is made in year 1 after the deposit and if the bank provides an interest rate of 5% per year, how much money should be deposited now? What if Troy decides to withdraw all that he has deposited in the bank now, 5 years later, how much money should he expect to get with an interest rate of 5%? I 2.
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What is the future worth of a series of equal year end deposits of $2.800 for 13 years in a savings account that eams 10% annual interest if the following were true? (a) All deposits are made at the end of each year? (b) All deposits are made at the beginning of each year? O Click the icon to view the interest factors for discrete compounding when i 10% per year. (a) The future worth of a series of equal year-end deposits made at the end of each year is $ (Round to the nearest dollar) (b) The future worth of a series of equal year-end deposits made at the beginning of each year is $ (Round to the nearest dollar)
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Leon and Heidi decided to invest $32500 annually for only the first nine years of their marriage. The first payment was made at age 20. If the annual interest rate is 8%, how much accumulated interest and principal will they have at age 65?
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yara is saving up for a new tesla. She has no money right now. she is going to put $6150 away in year 1, increasing by $1000 per year starting in the second year, and so on, for 12 years. Interest is 9.5% per year compounded monthly. Calculate: a. the present worth b. the future worth at the end of year 12 c. the future worth at the end of year 12 if there was zero compound interest applied
Suppose that $30,000 is borrowed today at 12% interest. The loan is to be repaid by uniform annual payments for 5 years, beginning 1 year from now. Calculate the annual payment. A) $500 per year $8,322 per year C $108,140 per year D) $3603.00 per year
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