Week 4 discussion post

Janet Woo decided to retire to Florida in 5 years. What amount should Janet invest today so she can withdraw $45,000 at the end of each year for 20 years after she retires? Assume Janet can invest money at 5% compounded annually. (Use the Table 13.2 and Table 12.3.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Present value

Claire Fitch is planning to begin an individual retirement program in which she will invest $2,200 at the end of each year. Fitch plans to retire after making 30 annual investments in the program earning a return of 10%. What is the value of the program on the date of the last payment (30 years from the present)? (PV of $1. FV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round your "FV of an Ordinary Annuity" to 4 decimal places and final answer to the nearest whole dollar.) Periodic Cash Flow f(FV of an Ordinary Annuity) Future Value

You hire Thomas to work for you for five years, and you agree to put away enough money as a lump sum now to fund an annuity for him. At the end of those five years, he will retire and may begin drawing out $ 20,000 per year for five years, starting on the last day of each year (in this case, the end of year 6, from when this arrangement began, through year 10). How much must you invest today if your guaranteed interest rate is 3% compounded annually for all 10 years?

You hire Thomas to work for you for five years, and you agree to put away enough money as a lump sum now to fund an annuity for him. At the end of those five years, he will retire and may begin drawing out $20,000 per year for five years, starting on the last day of each year (in this case, the end of year 6, from when this arrangement began, through year 10). How much must you invest today if your guaranteed interest rate is 3% compounded annually for all 10 years? (RESOURCE: Annuities) Note: Another two-stage present value problem, involving first finding a present value at a starting point (even though it occurs in our future!) that will generate a series of future payments and then calculating a single-amount present value today to achieve that future goal when payments (withdrawals) will begin. Please show how to solve for both steps, thank you!

John Atomic is retiring at the end of next year. He would like to ensure that his heirs receive pymts of $11,900 annually, starting when he retires. If he can earn 6.5% annually, how much does he need to invest to produce the desired cash flow? (Round 2 decimal places) Present value of investment $_______

Janet Woo decided to retire to Florida in 7 years. What amount should Janet invest today so she can withdraw $55,000 at the end of each year for 20 years after she retires? Assume Janet can invest money at 7% compounded annually. (Use the Table 13.2 and Table 12.3.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

Claire Fitch is planning to begin an individual retirement program in which she will invest $2.200 at the end of each year. Fitch plans to retire after making 30 annual investments in the program earning a return of 10%. What is the value of the program on the date of the last payment (30 years from the present)? (PV of $1. EV of $1, PVA of $1. and EVA of 5) (Use appropriate factor(s) from the tables provided. Round your "FV of an Ordinary Annuity" to 4 decimal places and final answer to the nearest whole dollar)

Aplesh

You have just made your first $5,000 contribution to your retirement account. Assume you earn a return of 10 percent per year and make no additional contributions. What will your account be worth when you retire in 45 years? What if you wait 35 years before contributing? (show answer using function feature in excel)

I. A house owner decided to renovate his property in 7 years where he will be paying  50,000 for the renovation. To prepare for this amount, he set four equal annual payments now. No further payments are made after 4 years. If money is worth 12% per annum, what annual payment is necessary? Show Cash Flow Diagram   II. As a member, Mr. Dela Cruz will deposit P300 with a savings and loan organization at the beginning of each 3 months for 12 years. If the organization pays interest at the rate of 1.4.% per 3 months. Find the sum to his credit just after the last deposit. Show Cash Flow Diagram

Need answer the accounting question not use ai

Claire Fitch is planning to begin an individual retirement program in which she will Invest $2,800 at the end of each year. Fitch plans to retire after making 30 annual Investments in the program earning a return of 8%. What is the value of the program on the date of the last payment (30 years from the present)? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "FV of an Ordinary Annulty" to 4 decimal places and final answer to the nearest whole dollar.) Periodic Cash Flow x f (FV of an Ordinary Annuity) Future Value

Gail Trevino expects to receive a $500,000 cash benefit when she retires five years from today. Ms. Trevino’s employer has offered an early retirement incentive by agreeing to pay her $325,000 today if she agrees to retire immediately. Ms. Trevino desires to earn a rate of return of 8 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)   Required Calculate the present value of the $500,000 future cash benefit. Assuming that the retirement benefit is the only consideration in making the retirement decision, should Ms. Trevino accept her employer’s offer? (Round your final answer to the nearest whole dollar value.)

Randy Hill wants to retire in 20 years with $1,000,000. If he can earn 8% per year on his investments, how much does he need to deposit each year to reach his goal? Round your answer to the nearest dollar. a) $50,000 Ob) $21,352 Oc) $21,852 d) $4,576

•Edith plans to retire in 25 years, and she wants to withdraw $200,000 per year for 35 years. Her account earns 6 percent compounded annually. How much must she save each year to meet her retirement objective?   answer is 52,851.09   if possible , please use BAII plus calculator

Sara met with a financial planner and has determined that she will need $1,250,000 when she retires in 30 years. She has found an annuity that pays 5.65%, compounded monthly. What will she need to save each month, if a) Sara waits 20 years to start saving?               N:                           P/Y:             I%:                         C/Y:             PMT:                              FV:     End or Begin   $645.10 $1,024.80 $9,021.75 $1,000,000

All computations must be done and shown manually.  Timothy is retiring from his job soon at which time his employer will make the following offer: A lump sum amount of $200,000 A sum of $15,000 at the beginning of each month for the next 25 years.  If the average interest rate is likely to be 5.5% p.a. for the next 25 years, which option should Timothy choose?   Question 2 You are contemplating investing some surplus funds and the following options are available: Invest $50,000 @ 4% p.a. compounded annually for 5 years. Invest $45,000 @ 3% p.a. compounded quarterly for 5 years. Invest $40,000 @ 4.5% p.a. compounded semi-annually for 5 years. Invest $50,000 @ 3% p.a. compounded semi-annually for 5 years. Invest $55,000 @ 0.5% p.a. compounded weekly for 5 years Which one of the above is the second-best option?   Question 3 You have 20 years left for your retirement. You wish to accumulate a sum large enough by that time which will allow you an annual withdrawal of $100,000 every year…

Your aunt has $270,000 invested at 5.5%, and she now wants to retire. She wants to withdraw $45,000 at the beginning of each year, beginning immediately. She also wants to have $50,000 left to give you when she ceases to withdraw funds from the account. For how many years can she make the $45,000 withdrawals and still have $50,000 left in the end?   a. 6.30 years     b. 4.89 years     c. 7.01 years     d. 5.97 years     e. 5.89 years

Please answer completely

Use a bankers year: 360 days To complete the sale of a house, the you accept a 240-day note for $9,000 at 7% simple interest. (Both interest and principal are repaid at the end of the 240 days.) Wishing to use the money sooner for the purchase of another house, the you sell the note to a third party for $9,108 after 80 days. What annual simple interest rate will the third party receive for the investment? Express your answer as a percentage.