Question
In: Finance
Suppose that you just turned 25 years old and that you wish to receive an annual...
Suppose that you just turned 25 years old and that you wish to receive an annual annuity of $63,282 for 30 years (end of each year age 65-95). How much would you have to contribute annually at the end of each year ages 25-60 , if you then let the funds vest until age 65 with no further contributions? Your EAR is 8.7%.
Solutions
jeff jeffy answered 1 year agoRelated Solutions
Suppose that you just turned 25 years old and that you wish to receive a monthly...
Suppose that you just turned 25 years old and that you wish to
receive a monthly ordinary annuity of $9,302 for 30 years (ages
65-95, end of month payments). How much would your monthly
contributions also be at the end of each month until age 60, if you
let the funds vest until age 65 with no further contributions? Your
EAR is 6.0%?
Suppose that you just turned 25 years old and that you wish toreceive an annual...
Suppose that you just turned 25 years old and that you wish to
receive an annual annuity of $76,697 for 30 years (end of each year
age 65-95). How much would you have to contribute annually at the
end of each year ages 25-60 , if you then let the funds vest until
age 65 with no further contributions? Your EAR is 5.2%.
Suppose that you just turned 25 years old and decide to put $5,109 into investments at...
Suppose that you just turned 25 years old and decide to put
$5,109 into investments at the end of each year until age 60 (35
years from now). You have no savings. Your EAR is 6.2%. How much
will you have by age 60?
Suppose that you just turned 25 years old and decide to put $5,750 into investments at...
Suppose that you just turned 25 years old and decide to put
$5,750 into investments at the end of each year until age 60 (35
years from now). You have no savings. Your EAR is 4.7%. How much
will you have by age 60?
You have just turned 25 years old and decide to start saving for your retirement. You...
You have just turned 25 years old and decide to start saving for
your retirement. You plan to save $5,000 at the end of each year
(so the first deposit will be one year from now), and will make the
last deposit when you retire when you turn 65 (that is, 40 deposits
in total. Suppose your pension fund earns 8% per year on your
retirement savings.
a) How much will you have saved for retirement by the time you...
You have just turned 25 years old, and accepted a job offer. Now you must decide...
You have just turned 25 years old, and accepted a job offer. Now
you must decide how much money to put into your retirement plan.
The plan works as follows: Every dollar in the plan earns 8% per
year. You cannot make withdrawals until you retire on your 60 th
birthday. After that, you can make withdrawals as you see fit. You
estimate that to live comfortably in retirement, you will need
$80,000 per year, starting at the end of...
Suppose that you just turned 25, plan to retire at 65, and estimate that you will...
Suppose that you just turned 25, plan to retire at 65, and
estimate that you will need $10,141 per month at the end of each
month upon retirement for the next 30 years. How much do you need
to contribute at the end of each month until you reach age 60?
Assume your estimated return is 8.5% EAR, that you have $10,000
already invested, and the funds will continue to earn interest to
age 65, even though you will not...
Suppose that you just turned 25, plan to retire at 65, and estimate that you will...
Suppose that you just turned 25, plan to retire at 65, and
estimate that you will need $9,471 per month at the end of each
month upon retirement for the next 30 years. How much do you need
to contribute at the end of each month until you reach age 50?
Assume your estimated return is 6.2% EAR, that you have $10,000
already invested, and the funds will continue to earn interest to
age 65, even though you will not...
Suppose you are now 25 years old and just accepted a job offer. You would like...
Suppose you are now 25 years old and just accepted a job offer.
You would like to save for retirement, but not sure how much you
must set aside. Your new employer offers a retirement plan that
provides 5% return per year. The plan does not allow withdrawals
before the age of 62. You plan to retire at the age 62. You expect
that your life expectancy is 80 years. You believe that that you
will need $110,000 per year,...
You will receive annual payments of $15,000 for the next 25 years. You would like to...
You will receive annual payments of $15,000 for the next 25
years. You would like to have your money today instead of waiting
of waiting 25 years to receive it all. What is the equivalent value
of this future stream of payments if the appropriate discount rate
is 8%?
A. 148,421.91
B. 160,121.64
C. 183,926.48
D. 201,448.72
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