You will make equal deposits into your retirement account each year for 10 years starting now (i.e., years 0–9). If you expect to withdraw $50,000 per year forever beginning 30 years from now, and the funds will earn interest at 10% per year, the size of the 10 deposits is nearest: (a) $4239 (b) $4662 (c) $4974 (d) $5471

Q: suppose you put $1500 into your IRA this year. You do not make any additional contributions to the…

A: given, pv = $1500 r=10.5% n = 42 years

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Q: You will make equal deposits into your retirement account each year for 10 years starting now (i.e.,…

A:

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A: Equal annual deposits into an account for a fixed number of times is called annuity. The future…

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A: Amount deposit per year = $700 Time period = 5 Years Interest Rate = 3.76%

Q: What will be the value in your account at the end of Year 30?

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Q: 7. If you deposit $5,000 at the end of each of the next 20 years into an account paying 10.8 percent…

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A: We will have to use the concept of time value of money to solve this.

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A: APR = 8.5% Monthly Compounding Interest Rate = 8.5%/12 Monthly Contribution = 130 N = 11*12 = 132…

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