The value of a retirement savings account with an annual contribution of $600 (contributions made at the end of each year, including the last year), and an APR of 5.4% after 40 years is $79,960.27.Find the value of this retirement savings account after 52 years. Round your answer to the nearest cent.OA. $151,304.82OB. $165,660.72OC. $160,075.29OD. $154,695.52OE. $169,319.35

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Answered: The value of a retirement savings…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Find the value of a retirement savings account with an annual contribution of $1700(contributions made at the end of each year, including the last year), and an APR of 5.5% after the given number of years. When the annual contribution is $1700, the value of a retirement savings account paying an APR of 5.5% after 40 years is:(a) 40 years (b) 50 years (c) 54 years
Find the final amount (rounded to the nearest dollar) in this retirement account, in which the rate of return on the account and the regular contribution change over time. $2,000 per quarter invested at 5.2%, compounded quarterly, for 15 years; then $2,500 per quarter invested at 8.6%, compounded quarterly, for 20 years. OA. About $2,468,780 B. About $701,437 OC. About $1,508,863 D. About $1,651,469
Find the valuo of a retiroment savings account paying an APR of 5.8% aftor 30 yoars (contributions made at the end of each year, including the last year) when the annual contribution is shown (a) $1300 (b) S740 (c) $1900 (a) When the annual contribution is $1300, the value of a retirement savings account paying an APR of 5 8% after 30 years is $ (Do not round until the final answer Then round to the nearest cent as needed) (b) When the annual contribution is $740, the value of a retirement savings account paying an APR of 5 8% after 30 yoars is $ (Do not round until the final answer Then round to the nearest cent as needed) (e) When the annual contribution is $1900, the value of a retroment savings account paying an APR of 5 8% after 30 years is $ (Do not round until the final answer. Then round to the nearest cent as noeded)
If $875 000 is saved for retirement, what rate of interest, compounded semi-annually, will provide payments of $20 000 at the end of every 6 months for the next 25 years? Select one: O a. 1073568% O b. 4.396189% O c. 2.147135% O d. 1.113415%
Every year you deposit $3,500 into an account that earns 19% interest per year, What will be the balance of your account immediately after the 40th deposit? Click the icon to view the interest and annuity table for discrete compounding when / 1% per year. Choose the correct answer below. O A. $165,837 O B. $123,795 OC. $171,102 OD. $172,813 OE. $140,000
If $650 000 is saved for retirement, what rate of interest, compounded monthly, will provide payments of $3750 every month for the next 25 years? Select one: O a. 14.606797% O b. 0.811327% O c. 4.888702% O d. 4.867963%
A perpetuity pays $85 per year and costs $3,580. What is the rate of return? Select the correct answer. O a. 4.17% Ob. 3.27% O c.0.57% d. 2.37% O e. 1.47%
find the final amount in this retirement account, in which the rate of return on the account and the regular contribution change over time 1500$ per quarter invested at 7.9% compound quarterly , for 20 years, then 1000$ per quarter invested at 6.8% compund quarterly for 10 years. answer is about 620,187$
Calculate the present value of a retirement fund if you put $1,750 in your savings account at the end of each of each quarter for the next 35 years? Assume that your savings account pays 8% compounded quarterly. O $20,277.13 O$82,030.04 O $83,670.64 O None of the answers are correct
Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $200 is deposited monthly for 10 years at 6% per year in an account containing $9,000 at the start FV = $ 49150 Need Help? Read It Watch It Submit Answer
Find the value of a retirement savings account with monthly contributions of $50 contributions made at the end of each month including the last month and an APR of 4.8% compounded monthly after 52 1 over 2 years round your answer to the nearest cent

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