Your father just retired with an age of 65, and he is going to start receiving his monthly salary next month, the salary amount is JD 1,100, a broker made an offer to buy that salary for cash lump sum, assume the interest rates prevailing in the market will remain at 6% for the next 6 years and then will change to 7% for the next 4 years, then to change to 8% for the next 5 years, and then to change to 9% for the next 5 years, what is the fair market value for the salary assuming the pension fund will continue to pay until age 85?

A person borrows an amount for a new house and s/he is going to make monthly payments of 8,000 $ for the next 10 years. The nominal annual interest rate is quoted as 12%. (Assume the first instalment is going to be paid 1 month after s/he borrows.) a. Find the amount borrowed by this person. o. How much does this credit worth at the end of the last payment date? c.lf this person decides on closing his/her loan after paying the 34th instalment, how much should s/he pay? It is given that the closing fee of this credit is 1,453 $.

A person borrows an amount for a new house and s/he is going to make monthly payments of 8,000 $ for the next 10 years. The nominal annual interest rate is quoted as 12%. (Assume the first instalment is going to be paid 1 month after s/he borrows.) a. Find the amount borrowed by this person. b. How much does this credit worth at the end of the last payment date? c.lf this person decides on closing his/her loan after paying the 34th instalment, how much should s/he pay? It is given that the closing fee of this credit is 1,453 $.

Say that you plan to retire one quarter after making quarterly contributions to a retirement account for 10 years. You plan to make quarterly contributions of $1007 to an investment account that will earn 10.0% interest annually. If your first contribution occurs today, then what is the account balance when you retire? (Round to the nearest dollar)

Your uncle has said that if you agree to finish college he will give you equal payments of $3,500 at the end of each year for the next six years. If the annual interest rate stays constant at 4%, what is the value of these payments in today’s dollars? Round your answer to the nearest whole dollar.     $15,595    $22,934    $18,347    $19,081You found out that now you are going to receive payments of $9,500 for the next 13 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 12%. What is the present value of these payments? Round your answer to the nearest whole dollar.     $68,347    $92,268    $61,024    $54,678

Gage is suppose to receive a payment of $480.00 today from Mark. One month from today, Gage should receive a $625.00 payment from Sarza. With Mark not in a position to pay today and Sarza having difficulty coming up with the payment one month from today, they both negotiated with Mark and they will both make their payments 6 months from today. If Gage can get interest rate of 2.95%, what is the total payment that Gage will receive 6 months from today?

You plan to retire in 3 years with $911,880. You plan to withdraw $X per year for 18 years. The expected return is 18.56 percent per year and the first regular withdrawal is expected in 3 years. What is X? Input instructions: Round your answer to the nearest dollar. $ 59

Jeanette took out a loan from the bank today for X. She plans to repay this loan by making payments of $100.00 per month for a certain amount of time. If the interest rate on the loan is 0.66 percent per month, she makes her first $100.00 payment later today, and she makes her final monthly payment of $100.00 in 12 months, then what is X, the amount of the loan? A O An amount less than $1,153.00 or an anmount greater than $1,324.00 O An amount equal to or greater than $1,153.00 but less than $1,199.00 O An amount equal to or greater than $1,199.00 but less than $1,245.00 O An amount equal to or greater than $1,245.00 but less than $1,275.00 O An amount equal to or greater than $1,275.00 but less than $1,324.00

Your employer offers a 401(k) plan with a 32% match, and you set a goal of retiring in 26 years with an amount of money which has the same buying power that 1.7 million dollars has today. If the account earns an annual interest rate of 2% and the expected annual rate of inflation is 1.2%, how much should you contribute each month to the 401(k)? Round your answer to the nearest dollar.

Check My Work еВook Starting next year, you will need $20,000 annually for 4 years to complete your education. (One year from today you will withdraw the first $20,000.) Your uncle deposits an amount today in a bank paying 7% annual interest, which will provide the needed $20,000 payments. a. How large must the deposit be? Do not round intermediate calculations. Round your answer to the nearest cent. $ b. How much will be in the account immediately after you make the first withdrawal? Do not round intermediate calculations. Round your answer to the nearest cent. $