You want to start saving for retirement. If you deposit Php2000 each year at the end of the next 60 years and earn 11% on the investment, how much will you have when you retire? a. Php792,000 b. Php1,048,114 c. Php9,510,132 d.Php10,556,246

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A: Future value (FV) is a fundamental financial concept rooted in the time value of money, illustrating…

Q: upon graduation you get a new job and start an investment program. You invest 8000 per year starting…

A: Annual deposit=$8000Period=n=35yearsInterest rate=9%Inflation=3%

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A: “Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

Q: You would like to have $1,000,000 when you retire in 35 years. How much should you invest each…

A: Solution:When an equal amount is invested each periodat end of period, it is called ordinary…

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A: We need to use RATE function in excel to calculate annual rate of interest on deposit.The formula is…

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A: Future value is an estimate of future cash flows ​​that may be received at a future date, discounted…

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A: Annuity is the amount that can be withdrawn from amount saved over period of time for retirement.

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A: A retirement account is an account that compounds savings to be further utilized after retirement.…

Q: You would like to have $600,000 when you retire in 40 years. How much should you invest each quarter…

A: Here, To Find: Part a). Amount of deposit each quarter =? Part b). Total money deposited into the…

Q: You would like to have $800,000 when you retire in 30 years. How much should you invest each quarter…

A: Amount required (FV) = $800,000 Quarterly interest rate (r) = 0.005 (i.e. 0.02 / 4) Number of…

Q: re trying to decide how much to say for retirement assume you plan to save 10,000 per year and will…

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

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

A: Requirement is to save $1,000,000 in 35 years. Investor is going to deposit same amount at the end…

Q: Art wants to know how much he'll have to invest today to receive an annuity of $8,000 for three…

A: The computation of amount of investment is as follows:The investment needed today is the present…

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…

Q: You want to receive $8,000 per month in retirement.  If you can earn 0.6% return per month and you…

A: You want to receive $8,000 per month in retirement.  If you can earn 0.6% return per month and you…

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

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A: Time value of money :— According to this concept, value of money in present day is greater than the…

Q: How much do you need to invest today to receive $7,500 in 8 years, if you can earn 3% on your…

A: INFORMATION: RATE 3% YEARS 8 PMT (MONTHLY DEPOSIT) 0 FUTURE VALUE $7,500

Q: Assume you currently have $220,000 that you are ready to invest for retirement. In addition, you…

A: Compounding is a technique which is used to find the FV of present amount by using appropriate…

Q: Suppose you deposited $39,000 in a bank account that pays 5.25% WI daily compounding based on a…

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A: Maturity Value is that amount which will be received at the end of certain period of time. It…

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A: The NPER function can be used in the excel sheet to determine the number of years that needs to be…

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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: You would like to have $700,000 when you retire in 40 years. How much should you invest each quarter…

A: Required future Value "FV" is $700,000 Time period of retirement = 40 years Interest rate is 4%…

Q: Suppose you are 30 years old and would like to retire at age 65. Furthermore, you would like to have…

A:

Q: Willie would like to have $500,000 set aside at retirement. He would like to make annual deposits…

A: Time has been precious in all perspectives, however in terms of finance; the time has a monetary…

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

Q: Suppose you want to have $700,000 for retirement in 30 years. Your account earns 10% interest. a)…

A: Fresent value is an estimate of the future cash flows ​​that may be received at a future date,…

Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 9% interest. a)…

A: Compound = Monthly = 12Future Value = fv = $800,000Time = t = 25 * 12 = 300Interest Rate = r = 9 /…

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A: Since  Future value = Present value ×(1+Periodic Interest rate)^n Where, N= Number of periods = 1…

Q: Having trouble, please help! You would like to have $1,000,000 when you retire in 35 years. How…

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

Q: Suppose you want to have $500,000 for retirement in 25 years. Your account earns 9% interest. a) How…

A: An annuity is a series of equal payments made at regular intervals. It accumulates interest on a…

Q: You would like to have $550,000 when you retire in 40 years. How much should you invest each quarter…

A: Required Amount at retirement is $550,000 Time period is 40 years Interest rate is 6.4% Compounded…

Q: you want to have $15,000 at the end of 5 years. if you can earn a return of 3.2% annually, how much…

A: given, fv= $15000 r=3.2% n=5 years

Q: How much investment must be made if it is desired to have Php 550, 800 after five years with an…

A: According to the principle of present value, any amount of money in the now is worth more than the…

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A: compound = quarterly = 4 Future value = fv = $550,000 Time = 40 * 4 = 160 quarters Interest rate = r…

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A: To find the payment per quarter one can use “ pmt function “ in excel. To find the total money we…

Q: You just inherited some money, and a broker offers to sell you an annuity that pays Php5,000 at the…

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