What would your investment account be worth in 34 years if you
currently have $1,000 saved...
What would your investment account be worth in 34 years if you
currently have $1,000 saved and plan to add $340 per month at the
end of the month for the 34 years if the account pays 5% interest
compounded monthly?
You plan to retire in 34 years and would like to have saved
$1,000,000 in your tax-deferred retirement account.
Currently, your balance in your account is zero. As a first pass
analysis, assume that you make an annual contribution at the end of
each year, starting with the current year. Also, assume that the
dollar amount of each contribution is the same. Your investment
options are such that you forecast a rate of return of 8% per year
over the...
10 years ago you invested $1,000. If your investment is worth $6,000 now, what was your rate of return?Multiple Choicea. 17.46% +/- 1.00%b. 10.74% +/- 1.00%c. 13.12% +/- 1.00%d. 19.62% +/- 1.00%
You currently have $2,500 in your savings account. You would
like to have $10,000 five years from today. How much must you
deposit in equal amounts at the end of each month for the next five
years in order to reach your goal at an interest rate of 9% per
year, compounded monthly?
Your parents will retire in 22 years. They currently have
$370,000 saved, and they think they will need $1,500,000 at
retirement. What annual interest rate must they earn to reach their
goal, assuming they don't save any additional funds? Round your
answer to two decimal places.
Your parents will retire in 15 years. They currently have
$250,000 saved, and they think they will need $1,550,000 at
retirement. What annual interest rate must they earn to reach their
goal, assuming they don't save any additional funds? Round your
answer to two decimal places.What is the present value of a security that will pay $26,000
in 20 years if securities of equal risk pay 6% annually? Do not
round intermediate calculations. Round your answer to the nearest
cent.If...
Your parents will retire in 19 years. They currently have
$290,000 saved, and they think they will need $1,300,000 at
retirement. What annual interest rate must they earn to reach their
goal, assuming they don't save any additional funds? Round your
answer to two decimal places.
%
Your parents will retire in 20 years. They currently have
$300,000 saved, and they think they will need $950,000 at
retirement. What annual interest rate must they earn to reach their
goal, assuming they don't save any additional funds? Round your
answer to two decimal places.
1. Your parents will retire in 26 years. They currently have
$340,000 saved, and they think they will need $2,100,000 at
retirement. What annual interest rate must they earn to reach their
goal, assuming they don't save any additional funds? Round your
answer to two decimal places.
2. What is the present value of a security that will pay $24,000
in 20 years if securities of equal risk pay 6% annually? Round your
answer to the nearest cent.
3. You...
You are planning your retirement in 10 years. You currently have
$164,000 in a bond account and $604,000 in a stock account. You
plan to add $7,600 per year at the end of each of the next 10 years
to your bond account. The stock account will earn a return of 10.5
percent and the bond account will earn a return of 7 percent. When
you retire, you plan to withdraw an equal amount for each of the
next 21...
You are planning your retirement in 10 years. You currently have
$120,000 in a bond account and $500,000 in a stock account. You
plan to add $5,000 per year at the end of each of the next 10 years
to your bond account. The stock account will earn a return of 10.5
percent and the bond account will earn a return of 7 percent. When
you retire, you plan to withdraw an equal amount for each of the
next 25...