You are planning to invest $ 9,000 in an account earning 8 % per year for retirement. a. If you put the $ 9,000 in an account at age 23, and withdraw it 44 years later, how much will you have? b. If you wait 10 years before making the deposit, so that it stays in the account for only 34 years, how much will you have at the end? a. If you put the $9,000 in an account at age 23, and withdraw it 44 years later, how much will you have? In 44 years you would have $ (Round to the nearest cent.)

You are planning to invest $ 9,000 in an account earning 8 % per year for retirement. a. If you put the $ 9,000 in an account at age 23, and withdraw it 44 years later, how much will you have? b. If you wait 10 years before making the deposit, so that it stays in the account for only 34 years, how much will you have at the end? a. If you put the $9,000 in an account at age 23, and withdraw it 44 years later, how much will you have? In 44 years you would have $ (Round to the nearest cent.)

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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You would like to save a million dollars by depositing $25,000 at the end of year into an account that pays 8% interest annually. How long will it take you to achieve your savings goal? Group of answer choices 18.65 years 12.35 years 20.0 years 40.00 years 37.04 years
You just deposited $6,300 in a retirement account and expect to earn an average return of 6.3 percent on this money until you retire in 30 years. How much additional income would you have earned if you had made the deposit 8 years ago? Answer to 2 decimals. FV after 30 years = FV if you invested earlier = Difference =
(Future value) If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 35 years (assuming no further deposits)? In 40 years? a. If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 35 years? What would your account be worth in 40 years?
Suppose you invest $200 a month for 6 years into an account earning 9% compounded monthly. After 6 years, you leave the money, without making additional deposits, in the account for another 20 years. How much will you have in the end? $ Suppose instead you didn't invest anything for the first 6 years, then deposited $200 a month for 20 years into an account earning 9% compounded monthly. How much will you have in the end?
SETAL has an unlevered cost of equity equal to 11.5% and a tax rate of 16%. In years one, two, and three, the expected interest expenses are $142, $255, and $312, respectively. After Year 3, the interest expenses are forecasted to increase at a constant 4.5% each year. What is the horizon value of the interest tax shield?
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c) Retirement Investment: Savings at Retirement = Saving Periods = Interest Rate = Savings Deposit / month= monthly deposits / month
You plan to retire when you are 67 years old. You plan to start saving money for retirement, via RRSP when you are 25 years old. Your RRSP will pay an average of 7% per year After you retire when you are 68 years old you plan to withdraw $31,000/year for 32 years. How much money would you need to have saved in your bank account by the time you turn 67 so you can receive payments of $31,000/year? Choose the range which is most accurate. O a. $403,000 - $406,000 O b. $406,000 - $409,000 O c. $412,000 - $415,000 d. NONE of the RANGES are CORRECT e. $400,000-$403,000
You plan to invest $12,000 per year into a retirement account. If you earn a compound annual rate of return of 11%, how many years will it take you to reach a balance of $1,500,000? Question 2 options: 22.83 25.79 24.24 21.09 26.76
You are trying to calculate how much money you should have at retirement. On your 60th birthday you will retire and immediately make your first withdrawal of $4,482.06. You plan to make 24 such withdrawals each year. You plan to continue withdrawing at that level and frequency until you are 90 years old. (Assume beginning of period withdrawals with the first withdrawal on your retirement date and no withdrawal on your final birthday.) During retirement your savings will earn only 3.5% per annum. How much do you have to have saved at retirement to fund these planned withdrawals?
4. If you deposit $4,500 at the end of each of the next 30 years into an account paying 7.9 percent interest, how much money will you have in the account in 30 years? How much will you have if you make deposits for 40 years?
You want to open a savings plan for your future retirement. You are considering two options as follows: Option 1: You deposit Php 1,000 at the end of each quarter for the first 10 years. At the end of 10 years, you make no further deposits, but you leave the amount accumulated at the end of 10 years for the next 15 years. Option 2: You do nothing for the first 10 years. Then you deposit Php 6,000 at the end of each year for the next 15 years. Compare the amount accumulated in Option 1 and Option 2. If your deposits or investments earn on interest rate of 6% compounded quarterly, and you chose Option 2 over Option 1, At the end of 25 years from now, I will accumulate what amount of money?

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