Question
In: Finance
You would like to have $73,629 each year of your retirement. Your retirement will last for...
You would like to have $73,629 each year of your retirement. Your retirement will last for 41 years and start 29 years from today.
How much would you have to invest, each year, starting next year, for 17 years to exactly pay for the down payment if your investments earn 4.25% APR compounded annually?
Solutions
jeff jeffy answered 1 year agoRelated Solutions
1. You would like to have $92,181 each year of your retirement. Your retirement will last...
1. You would like to
have $92,181 each year of your retirement. Your retirement will
last for 35 years and start 23 years from today.
How much would you
have to invest, each year, starting next year, for 11 years to
exactly pay for the down payment if your investments earn 4.84% APR
compounded annually?
2. An investment
company offers to sell you an annuity that pays $4,531 per month,
starting next month, for 13 years. If your investments earn...
1. You have decided to retire. You would like to receive equal retirement payments each year...
1. You have decided to retire. You would like to receive equal
retirement payments each year for the next 10 years. You want to
receive your first retirement payment in one year. You currently
have $1,000,000 of savings. You expect to receive another
$1,000,000 in 5 years. You can earn 10 percent interest compounded
annually on your savings. How large will your annual retirement
payment be?
2. What is the Annual Percentage Rate (APR) if the Effective
Annual Rate (EAR)...
You deposit X in an account today in order to fund your retirement. You would like...
You deposit X in an account today in order to fund your
retirement. You would like to receive payments of 50 per year, in
real terms, at the end of each year for a total of 12 years, with
the first payment occurring seven years from now. The inflation
rate will be 0.0% for the next 6 years and 1.2% per annum
thereafter. The annual effective rate of return is 6.3%. Calculate
X to the nearest dollar.
You would like to start saving for your retirement and are trying to figure out how...
You would like to start saving for your retirement and are
trying to figure out how much to save. You estimate
that you will need $350,000 per year for the 30 years you’ll be
retired. In addition, you’d like to have an additional $85,000 in
your fifth year of retirement to buy a boat (This money should be
in addition to the $300k you are withdrawing). Assume that you plan
to save an equal amount of money every year, starting...
You begin investing in your retirement and would like to know how many years it will...
You begin investing in your retirement and would like to know
how many years it will take to have 1,000,000 saved in inflation
adjusted dollars. Your retirement savings currently are: $0
Assume all investments grow tax-deferred and at the same overall
rate.
4,000 Invested annually
0.1000 Annual compounded gross rate of return (blended for stocks,
bonds, etc.)
How many FEWER years will it take to save $1,000,000 for retirement
if you adjust the following:
50000 Initial retirement savings/assets (add these...
You plan to retire in year 20 Your retirement will last 25 years starting in year...
You plan to retire in year 20
Your retirement will last 25 years starting in year 21
You want to have $50,000 each year of your retirement.
How much would you have to invest each year, starting in one year,
for 15 years , to exactly pay for your retirement ,if your
investments earn 6.00% APR (compounded annually)?
You plan to retire in year 20 Your retirement will last 25 years starting in year...
You plan to retire in year 20
Your retirement will last 25 years starting in year 21
You want to have $50,000 each year of your retirement.
How much would you have to invest each year, starting in one year,
for 15 years , to exactly pay for your retirement ,if your
investments earn 6.00% APR (compounded annually)?
Answers:
$21,349
$21,546
$20,930
$20,520
You plan to retire in year 20 Your retirement will last 25 years starting in year...
You plan to retire in year 20 Your retirement will last 25 years
starting in year 21 You want to have $50,000 each year of your
retirement. How much would you have to invest each year, starting
in one year, for 15 years , to exactly pay for your retirement ,if
your investments earn 6.00% APR (compounded annually)? a. 21.,349
b. 21, 546 c. 20,520 d. 20,930
When you reach retirement age, you would like to have enough money saved to be able...
When you reach retirement age, you would like to have enough
money saved to be able to “pay yourself” an annual salary of
$70,000
per year for 20 years. To put this another way, your plan is to
start your retirement with a large amount of money saved, and you
will withdraw
$70,000
from these savings once a year for the next 20 years until all
of your savings are depleted.
In the meantime, you are a 25-year-old new UIC...
When you reach retirement age, you would like to have enough money saved to be able...
When you reach retirement age, you would like to have enough
money saved to be able to “pay yourself” an annual salary of
$74,000
per year for 20 years. To put this another way, your plan is
to start your retirement with a large amount of money saved, and
you will withdraw $74,000
from these savings once a year for the next 20 years until all
of your savings are depleted.
In the meantime, you are a 25-year-old new UIC...
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