You just had your 30th birthday and you are planning for your retirement at age 66. You currently have $20,000 in your investment portfolio, and you estimate that you will need at least $1.5 million in order to retire comfortably when you turn 66. What rate of return must be earned on your investment portfolio (assuming that you do not add any more money into the account) for your retirement plan to work? Show me all the calculation process

Q: You are 20 years old today. You want to retire at age 50 and have $4 million at that time. Assume…

A: The present value of money refers to the concept that money available in the future is worth less…

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

Q: If you will live for X years after retirement and the estimated return for your investment portfolio…

A: Note: The question provides a choice of two retirement plans: Fidelity. 401(k) plan” or “Hines…

Q: Suppose you are 30 years old and would like to retire at 60. Moreover, you would like to to have a…

A: Using the PMT function in excel

Q: Your client is 45 years old, and she wants to begin saving for retirement, with the first payment to…

A: Time = t = 65 - 45 = 20Payment = p = $6000Interest rate = r = 11%

Q: You are planning to invest $6,000 in an account earning 10% per year for retirement. a. If you put…

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

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A: Current Age is 23 years The retirement age is 58 years Therefore; the Time period of the deposit is…

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A: Present value is the value of investment of today in order to gain an amount at a future date.

Q: You would like to start saving for retirement. Assuming you are now 20 years old and you want to…

A: Future Value of Annuity = Amount * (((1 +Rate of Interest)N-1 )/Rate of Interest)Where,Amount =…

Q: 4. You want to have a retirement fund of $200,000 available when you retire. You invest in an IRA to…

A: The sum that remains after future cash amounts have been discounted to a later date is most likely…

Q: You would like to start saving for retirement. Assuming you are now 25 years old and want to retire…

A: Accumulated value at the end of any period of an investment is also called the future value of an…

Q: amount to the plan at the end of every year that you work. How much do you need to contribute each…

A: Step-1:Calculate the present value at the age of 65 of withdrawl of cash after retirement to 100th…

Q: If you wait until you're 45 to begin investing for retirement, you'll need to invest $2,153 per…

A: we will assume that retirement age is 60. to find the rate we will use the 'RATE' function in excel.…

Q: Your business finance course has motivated you to begin investing for retirement in your company's…

A: The FV of an investment refers to the cumulative worth of the investment's cash flows at a future…

Q: Your client is 32 years old. She wants to begin saving for retirement, with the first payment to…

A: Here,ParticularsIf the retirement age is 65If the retirement age is 70Annual deposits (PMT) $…

Q: ou would like to start saving for retirement. Assuming you are now 20 years old and you want to…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: You want to have $2million when you retire. You think you can earn 11% return on your retirement…

A: The question is based on the concept of present value calculation for future cash flow. Formula as,…

Q: In planning for your retirement, you would like to withdraw $40,000 per year for 16 years. T from…

A: Over the period of time money grow to much larger amounts due to compounding of interest that is…

Q: bjective is to save $500,000 for preparing your retirement, assuming 30 years from now. If you…

A: Future value=$500000Period=n=30 yearsInterest rate=r=10%

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A: There is need of planning for retirement and if done properly on time can have good retirement life.

Q: 8) Special Retirement PlanYou set up a retirement plan where you will invest $20,000 per year in an…

A: Annuity is the payment series which are made at equal time intervals.

Q: You have heard about the impending retirement crisis facing the global community and you want to…

A: Monthly Deposits (PMT) is $380Time Period (n) in years is 40Interest Rate (r) is 7.74%Compounding…

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A: Retirement planning is a method of investing to get returns over no income period. This is an…

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,…

Q: Use Excel to solve the following problem. Assume that you are 39 years old planning for your future…

A: Let's say we save an amount M every month. Interest rate = 6% per annumHere, a period is a monthR =…

Q: Solve e

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A: The following information has been provided,10 annual payments of $5,000 beginning in 26 years will…

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Q: How much do you need to contribute each year to fund your retirement?

A: Step-1:Calculate the present value at the age of 65 of withdrawl of cash after retirement to 100th…

Q: Baghiben

A: The objective of this question is to calculate the future value of an annuity due. An annuity due is…

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A: Definition: Future value: This is the amount of present value accumulated or compounded at a rate of…

Q: You are trying to decide how much to save for retirement. Assume you plan to save $6,000 per year…

A: The objective of the question is to calculate the retirement savings based on different scenarios.…

Q: 6. You decide you want to start investing for your retirement and you want to have $650,000. If you…

A: Time value of money is a concept that is used by companies to determine the present worth of money…

Q: wu would like to start saving for retirement. Assuming you are now 20 years old and want to retire…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: 1

A: The present value factor (PVF) is a financial treatment used for estimation of the current value of…

Q: How much would you have to deposit into your investment account today to reach the goal in 8 years?

A: Time value of money(TVM) means that the amount of money received will be worth more than…

Q: How much do you need to contribute each year to fund your retirement?

A: Step-1:Calculate the present value at the age of 65 of withdrawl of cash after retirement to 100th…

Q: 1. You have $35,000 you want to invest for the next 20 years to help with retirement. An investment…

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A: Given, The amount of monthly payments is $425 Effective annual rate is 9.9% Amount to be accumulated…

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A:

Q: You are planning to invest $2,000 in an account earning 12% per year for retirement. a. If you put…

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A: Future value of money is the amount today that is deposited and amount of interest accumulated over…

Q: What rate of return must you earn to achieve your goal?

A: To solve this question, we need to determine the interest rate in a future value of annuity due…