Question
In: Finance
You deposit $10,000 annually into a life insurance fund for the next 10 years, at which...
You deposit $10,000 annually into a life insurance fund for the next 10 years, at which time you plan to retire. Instead of a lump sum, you wish to receive annuities for the next 25 years. What is the annual payment you expect to receive beginning in year 15 if you assume an interest rate of 4 percent for the whole time period?
Solutions
jeff jeffy answered 2 years agoRelated Solutions
You deposit $10,000 annually into a life insurance fund for the next 10 years, at which...
You deposit $10,000 annually into a life insurance fund for the
next 10 years, at which time you plan to retire. Instead of a lump
sum, you wish to receive annuities for the next 25 years. What is
the annual payment you expect to receive beginning in year 15 if
you assume an interest rate of 4 percent for the whole time period?
(Show you work and calculations)
You deposit $10,000 annually into a life insurance fund for the next 12 years, after which...
You deposit $10,000 annually into a life insurance fund for the
next 12 years, after which time you plan to retire.
a. If the deposits are made at the beginning of the year and
earn an interest rate of 8 percent, what will be the amount in the
retirement fund at the end of year 12? (Do not round intermediate
calculations. Round your answer to 2 decimal places. (e.g., 32.16))
Future value $ ?
b. Instead of a lump sum,...
You deposit $11,200 annually into a life insurance fund for the next 10 years, at which...
You deposit $11,200 annually into a life insurance fund for the
next 10 years, at which time you plan to retire. Instead of a lump
sum, you wish to receive annuities for the next 20 years. What is
the annual payment you expect to receive beginning in year 11 if
you assume an interest rate of 6 percent for the whole time period?
(Do not round intermediate calculations. Round your answer
to 2 decimal places. (e.g., 32.16))
Annuities per year...
You deposit $13,000 annually into a life insurance fund for the next 10 years, after which...
You deposit $13,000 annually into a life insurance fund for the
next 10 years, after which time you plan to retire.
a. If the deposits are made at the beginning of
the year and earn an interest rate of 6 percent, what will be the
amount in the retirement fund at the end of year 10?
b. Instead of a lump sum, you wish to receive
annuities for the next 20 years (years 11 through 30). What is the
constant...
ou deposit $10,900 annually into a life insurance fund for thenext 10 years, at which...
ou deposit $10,900 annually into a life insurance fund for the
next 10 years, at which time you plan to retire. Instead of a lump
sum, you wish to receive annuities for the next 20 years. What is
the annual payment you expect to receive beginning in year 11 if
you assume an interest rate of 5 percent for the whole time
period?
You deposit $12,000 annually into a life insurance fund for the next 30 year, after which...
You deposit $12,000 annually into a life insurance fund for the
next 30 year, after which time you plan to retire. (6 points in
total)
If the deposits are made at the beginning of the year and earn
an interest rate of 6.5 percent. What will be the value
of the retirement fund at the end of year 30?
Instead of a lump sum, you wish to receive annuities for the
next 20 years (years 31 to 50). What is the constant...
You are 20 years old now and you will save $10,000 annually for the next 30...
You are 20 years old now and you will save $10,000 annually for
the next 30 years and the interest rate is 9%. How much money you
will have when you are 50 years old?
A.
$1,363,075.39
B.
$899,937.73
C.
$1,112,577.83
D.
$998,181.47
What is the PV of $2,000 to be received in 10 years at an
interest rate of 8%?
A.
$980.25
B.
$926.39
C.
$783.12
D.
$1,000
You will deposit $10,000 today. It will grow for 10 years at 10% interest compounded monthly....
You will deposit $10,000 today. It will grow for 10 years at 10%
interest compounded monthly. You will then withdraw the funds
quarterly over the next 4 years. The annual interest rate over
those 4 years is 8%. Your quarterly withdrawal will be
A. $1691.90.
B. $1993.74.
C. $1789.37.
D. $660.87.
16. If you deposit $1000 at the end of each of the next 10 years, how...
16. If you deposit $1000 at the end of each of the next 10
years, how much will you have in 20 years if you earn 10% APR
compounded annually?A. $41,338B. $40,187C. $42,492D. $43,937E.
$42,531
Show Process Please
You will deposit $10,000 today. It will grow for 8 years at 10% interest compounded semiannually....
You will deposit $10,000 today. It will grow for 8 years at 10%
interest compounded semiannually. You will then withdraw the funds
annually over the next 6 years. The annual interest rate is 8%.
Your annual withdrawal will be: Use Appendix A and Appendix D to
calculate the answer.
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Which of the following is not a router component? Group of answer choices RAM NVRAM Flash...
- A risk-free investment of $5000 will return 3%. A risky $5000 investment has a 23% chance...
- Assume that attributes with the same name in different relations represent the same domain and that...
- JAVA: Use existing Java Stack class to solve the "Balancing Symbols" problem. The symbols are (),...
- K-NN and Perceptron theory question If we don’t care about the size of the TRAINING SET...
- Make a C program that simulates time-sharing in the operating system. Please follow the instructions provided:...
- What are some current challenges faced by food companies in reducing food waste?
ADVERTISEMENT