s. Use Table 11-2 to calculate how much she should invest now (in $) at 6% interest, compounded semiannually in order to reach goal
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Sonia wants to have $13,000 in 10 years. Use Table 11-2 to calculate how much she should invest now (in $) at 6% interest, compounded semiannually in order to reach goal
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- Inez wants to have $15000 in 2 years use the present value formula to calculate how much Inez should invest now at 6% interest compounded quarterly in order to reach her goalMichelle wants to set aside funds to take an around the world cruise in 7 years. Michelle expects that she will need $26500 for her dream vacation. If she is able to earn 8% per annum on an investment, how much will she have to set aside today so that she will have sufficient funds available? O $15462. O $14316. O $2970. O $45414.Sarah Wiggum would like to make a single investment and have $1.2 million at the time of her retirement in 30 years. She has found a mutual fund that will earn 4 percent annually. How much will Sarah have to invest today? If Sarah invests that amount and could earn a 14 percent annual return, how soon could she retire, assuming she is still going to retire when she has $1.2 million? Click on the table icon to view the PVIF table To have $1.2 million at retirement, the amount Sarah must invest today is $ (Round to the nearest cent.)
- Suppose you have estimated that you will need $2,500 per month in your retirement to meet your expenses and live comfortably, and that you have found or chosen a fund (account) which pays monthly interest 4% APR . What principal, or balance, will your account need to maintain in order to be able to pay you this amount each month? Round/take your answer to the nearest cent.Heather is planning to retire in 14 years. She will then need an income of $1516 at the end of every month for the subsequent 25 years. She is going to make one investment today to provide all of the money she will eventually collect. Her investments will earn 8.30% compounded monthly. How much should she invest today? Round your answer to two decimal places. Do not enter the $ sign. Sample input: 124, 340.34We are now in the middle of 2020 and Daisy Lewis is saving to buy an apartment in Jumeriah Village Circle in 6 years. The estimated price of the house at the time of purchase is $550,000 and Daisy plans to put down a 15% deposit. Suppose that Daisy can invest her savings in a local bank that pays a 9.25% interest rate per year. Calculate the amount that Daisy will need to invest today to reach her investment goal in the future. Determine the amount of money that Daisy will need to invest each year in order to reach her investment goal.
- Yolanda wants to have $16,000 in 12 years. Use Table 11-2 to create a new table factor, and then calculate how much she should invest now at 6% interest, compounded quarterly in order to reach this goal.You plan to start your own business and are investing today to grow some seed money. You have $15571 to invest and aim to have $29610 in 7 years. What interest rate must you earn to meet your goal? Include 2 decimal places. Answer:Calculate the Present Value given the following: Jill invests $5,000 at the end of year 1, and every year increases her investment amount by 4% for 5 years. Interest = 4%. N = 5
- It has been proposed that in order to retire with the same lifestyle you currently have, you will need to have at least 1.5 million dollars saved by retirement. How much would you have to invest right now in order to achieve your goal? Assume you can find an investment that pays 5.6% compounded monthly. You're current age is 30 and youwould like to retire in 35 years. 2. What interest rate would you need in order to reach this goal if you had $8000 to invest?William Jack and Sophia Rose are planning on their first child education. If they expect that college will cost RM150,000 per year in 18 years, calculate how much should the couple begin depositing annually at the end of each of the next 18 years to accumulate enough funds to pay one year of tuition 18 years from now. Assume they can earn a 6% annual rate of returm on their investment.
