Rosina plans on saving $2000 a year and expects to earn an annual rate of 6.9 percent. How much will she have in her account at the end of 37 years?
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A: Monthly Compounding Interest Rate = 5.88%/12 = 0.49% per month Time Period = 5 years × 12 = 60…
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A: Amount due after 8 Years (FV) = $ 35000 Interest rate (r) = 13% Period (n) = 8 Years
Q: Robert wants to deposit $300 into a fund at the beginning of each month. If he can earn 10%…
A: Given information : Monthly deposit = $300 Interest rate = 10% Tenure = 6 years
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A: Paying someone or something, or being compensated, is an event or a procedure.
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A: Computation:
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A:
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- Freya plans to invest $1,600 every six months for 25 years. How much will this investment be worth at the end of 25 years if she earns an average annual rate of 8.2 percent interest compounded semiannually? Can the calculator and excel solution be provided?Siri plans to retire when her simple annuity savings account has enough money to receive 10000.00 per month for 20 years starting at the end of her first month after her retirement. she starts saving 4420.00 per month. Calculate when should Siri retire from today if her savings account pays 4.9% compounded monthly. Round to the nearest year.Mary has $55,000 in a brokerage account, and she plans to deposit an additional $8,500 at the end of every future year until her account totals $300,000. She expects to earn 15% annually on the account. How many years will it take to reach her goal?
- Janice is hoping to save $200,000 by the time she retires in 20 years. How much must Janice deposit annually at the end of each year to reach this retirement goal on December 31, Year 20, assuming she can earn a 4% annual rate of return on her retirement account?Sara decides to set up a retirement fund by depositing $24 at the end of each day for 13 years. How much will she have then, if the interest rate is 6.48% compounded weekly and her account starts with $13487 already deposited?Izzie contributes $100 every other week from her paycheck to her retirement savings account. which of the following single calculation would be required to compute the value pf her nest egg in 45 years if she can earn an average 4 percent annually?
- Carla Lopez deposits $5, 200 a year into her retirement account. If these funds have an average eaning of 6 percent over the 40 years until her retirement, what will be the value of her retirement account?Lisa expects to retire in 21 years, and she expects to live 30 years after she retires. Lisa would like to have $60K available at the beginning of each year of her retirement. How much would Lisa need to deposit at the end of each of the next 12 years in order for her to reach her retirement objective? The deposits will be made into an account that earns 10% interest.Mary plans to retire in 20 years. She opens up a retirement account with an APR of 5.25% compounded monthly. She will invest $1,163 per month. Round the answer to two decimal places. a. How much money will be in Mary’s retirement account if she continues to make the same monthly investment for 20 years? b. By the time she retires Mary will have contributed how much of her own money overall? c. What percent of the final balance in Mary’s retirement account will be interest?
- Abby has decided to invest $60 at the end of each month into a retirement plan that has an annual rate of 4.6%, compounded monthly. If Abby continues her investments for a period of 8 years, how much money will she have in the plan?Louise plans to save $3,000 a year every year for 10 years, beginning next year, and then stop. This amount that she has accumulated at the end of 10 years will then continue to grow for 30 more years. If the interest rate that she thinks she will be able to earn is 6% per year for all these years, how much should Louis have in her account at the end of this 40 year period? (Assume this is an ordinary annuity and round to the nearest dollar.) $390,542 $259,281 $406,717 O $227,111Sousan wants to save money for her retirement. She plans on putting $200 into an Annuity each month. She found an annuity that earns 3.5% compounded monthly. How much will she have in 25 years? How much will she have deposited? How much interest will she have earned?
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