You have signed up for your 401k and will deposit $1,200 into your 401k when you are paid at the end of each month. If you earn a compound annual rate of return of 11%, how much will you have in 25 years?   Question 1 options:   $1,962,778   $1,600,091   $1,866,772   $1,902,330   $1,891,360

Q: only typing answer with explanation and conclusion To supplement your​ retirement, you estimate that…

A: Future value of deposits grow over the period of time due to compounding of interest and much larger…

Q: Through your career, you have saved-up $1,150,000. You are now ready to retire. You discuss your…

A: Present Value = pv = $1,150,000Annuity = pmt = $68,000Time = nper = 25 Years

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A: This pertains to time value of money. The monthly amount that you will deposit will grow in future…

Q: f you were to put $1,000 in the bank each year for the next 10 years at 6% interest, which table…

A: Future value of $ 1: This table is used to calculate the future value of a single amount invested…

Q: After retirement, you expect to live for 25 years. You would like to have $91,000 in income each…

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Q: You have signed up for your 401k and will deposit $750 into your 401k when you are paid at the end…

A: Monthly deposit = p = $750 Interest rate = 6 / 12 = 0.5% Time = t = 15 * 12 = 180 months

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A:

Q: What is the future value of $4,500 that you put into an account at 5% interest for 15 years?…

A: Future value = it the Part of Time value of money.  Future value is the value of asets as on the…

Q: You want to have $46,000 in your savings account 6 years from now, and you're prepared to make equal…

A: Annuity is a series of payments being made in order to receive more value in future. Under ordinary…

Q: A) How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: A.  Compound interest is the interest that the amount will be calculated on both principle and…

Q: You plan to invest $19,000 per year into a retirement account. If you earn a compound annual rate of…

A: Future value (FV) is the value of an investment or cash flow at a specific point in the future,…

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Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 9% interest. How…

A: Compound = monthly = 12 Future value = fv = $500,000 Time = t = 30 *  12 = 360 months Interest rate…

Q: You want to have $67,000 in your savings account 10 years from now, and you're prepared to make…

A: Payment per period is the regular payments made or received of an investment, while future value is…

Q: Your investment advisor wants you to purchase an annuity that will pay you $25,000 per year for 10…

A: Period (n) = 10 Years Annual cash flow (C) = $25,000 Required return (r) = 0.07 Present value = ?…

Q: You want to have $51,000 in your savings account 9 years from now, and you're prepared to make equal…

A: Payment per period is the regular payments made or received of an investment, while future value is…

Q: You purchase an annuity that will pay you $100 every three months for five years. The first $100…

A: FORMULA FOR PRESENT VALUE OF ANNUITY (FVA): PVA=A×1-1+rmm×nrm×1+rm where, A=annuity r=rate…

Q: You're looking forward to retiring in a few years, and you hope that you will have enough in your…

A: The concept of the time value of money states that the current worth of money is more than its value…

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A: We need to use future value of ordinary annuity formula to calculate value of of your retirement…

Q: Acme Insurance is offering you a perpetuity that will pay you and your heirs $150,000 per year. If…

A: A perpetuity is a type of financial instrument or investment that provides a fixed stream of cash…

Q: Suppose you plan to retire in 40 years.  If you make annual contributions of $12,000 into your…

A: FV of annuity=Pmt*((1+r)n-1) /rFV of a single amount= Present value*(1+r)n

Q: You plan to invest $12,000 per year into a retirement account. If you earn a compound annual rate of…

A: Annual payment = p = $12,000 Rate of return = r = 11% Future value = fv = $1,500,000   Time = t = ?

Q: You have a chance to buy an annuity that pays $550 at the beginning of each year for 3 years. You…

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Q: A new investment opportunity for you is an annuity that pays $560 at the beginning of each year for…

A: The question gives the following information:

Q: You plan to deposit $3,600 each year for the next 12 years. The interest rate is 9 percent. If you…

A: Deposit = d = $3600 Time = t = 12 years Interest rate = r = 9% Present value = pv = $10,000

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Q: You plan to invest $5,000 into an account.  If you would like to have $10,000 in 15 years,  what…

A: Solution: When an amount is deposited somewhere, it earns interest on it. The amount initially…

Q: After retirement, you expect to live for 25 years. You would like to have $90,000 in income each…

A: The time value of money is a concept that follows the principle that states that the worth of money…

Q: You estimate you'll need $100, 000 per year for 25 years starting on your 65th birthday to live on…

A: Here, Annual Payment required after Retirement $ 100,000.00Time Period after Retirement25Interest…