2. Kratos is now 55 years old now and he is willing to invest a lump sum amount today at 4% compounded annually interest so that he can receive a pension amount of Php 3,000 every month for 10 years by the time he retires at 60 years old. If the interest rate at the time he receives the monthly payout changes to 3.5% compounded annually, how much does he need to invest today to receive such monthly pension?

Q: Ramanujan has been awarded a bonus for his outstanding work, His employer offers him a choice…

A: Annuity = RM 1250 Time =5 years Rate =9% So, the cashflow looks like -  year 0 1 2 3 4 5…

Q: ane will retire in 30 years. This year he wants to deposit an amount of €150,000 to become available…

A: The future value of today amount depends on the interest rate and period of deposit. The future…

Q: 1. Manda Bamkeng deposits Php 50,000 every beginning of the month for 4 years with 2% compounded…

A: Note: As per the rules of Bartleby,in case of multiple unspecified questions only the first question…

Q: ade a 20-year retirement plan and according to his plan, he aimed to withdraw 6000 TL at the end of…

A: Annuity grow by some constant amount of gradient and due to this growth amount grow much amount.

Q: Assume that you are 30 years old today, and that you are planning on retirement at age 65. Your…

A: First contribution amount = Current Salary * Contribution % = 41000 * 8% = $3280

Q: A person joins a pension plan at age 35. How much will she have to pay into the pension fund each…

A: The question is based on the concept of Annuity in Financial Management.

Q: e). In which account will he have more money and by how much?

A: Regular annuity: Number of periods = 32 * 4 = 128 Quarterly rate = 7.3% / 4 = 1.825% Future value =…

Q: Assume that you are 30 years old today and that you are planning on retirement at age 65. Your…

A: Given: Particulars Amount Years 30 Retirement age 65 Current salary $45,000 Growth rate…

Q: A man has just taken retirement at age 50. He will receive 5,000 monthly in retirement benefits…

A: Time value tells that money received today has more value than that of receiving the exact value…

Q: A man wishes to have P350,000.00 when he retires 15 years from now. If he can expect to receive 4%…

A: The future value of an annuity due is the total future value of each cash flow which is made at the…

Q: Your employer automatically puts 5 percent of your salary into a 401(k) retirement account each…

A: FV is the future worth of cash flows that have occurred in the past or present.

Q: On his 40th birthday, Mr. Ramos decided to buy a pension plan for himself. This plan will allow him…

A: Quaterly payout(pension) is 10,000 Interest rate is 8% comppounded quaterly Time period of Pension…

Q: Your friend's father just turned 55 and is thinking of joining CPF LIFE. He tells you that if he…

A: Time value of money is the concept that is widely used by companies and individuals to determine the…

Q: 2.Selyn Cohen is 63 years old and recently retired. He wishes to provide retirement income for…

A: Present Value of annuity refers to the present value of all the future payments of and series of…

Q: 4. On retirement, Gilbert finds that his share of a pension fund is P1 500 000. If the fund is…

A: Standard Disclaimers“Since you have asked multiple question, we will solve the first question for…

Q: On his 40th birthday, Mr. Ramos decided to buy a pension plan for himself. This plan will allow him…

A: Payment = P10,000 Rate = 8%  Compounding = 4 times as payment is due in 3 months  The annuity is…

Q: r. Lopez is planning for her retired life. She has 10 more years of service. He would like to…

A: Here we will use the concept of time value of money. The concept of time value of money states that…

Q: Luis has $150,000 in his retirement account at his present company. Because he is assuming a…

A: Annuity means finite no. of payments which are same in size and made in equal intervals for a fixed…

Q: EZ Leifer plans to retire at the age of 65 and believes he will live to be 90.  EZ wants to receive…

A: Present value of annuity due = P + [P * {1-[1/(1+r)^n]/r}] Where, n = 90 years - 65 years =25years P…

Q: Leon would like to have a retirement income of $3,000 per month (beginning of month payments). How…

A: An annuity due is a sequence of equivalent periodic cash flows that starts at the beginning of the…

Q: Mr. X to retire at age 65 and believes that he can live comfortably with an annual pension of…

A:

Q: When Austin retires in 18 years, he wants to receive $250.00 payments at the start of every month…

A: given, till retirement: n = 18 years m = 2 r= 2.6% LET SEMI ANNUAL PAYMENT = A after retirement n =…

Q: Mr. Senior who is 55 years is employed by a firm that guarantees him a pension $100,000 per year at…

A: Present value (PV) is the current worth of a future amount of cash or stream of incomes given a…

Q: A father decides to invest k300 each month at 12% per year compounded monthly to pay for his 12 year…

A: Data given: pmt= k 300 r=12% (compounded monthly) n=17-12 =5 years

Q: On his 48th birthday, a man wants to set aside enough money to provide an income of $2500 at the end…

A: Present Value of Ordinary Annuity refers to a concept which determines the value of cash flows at…

Q: Kobe is retiring in 19 years, and wants to save some money. He will make bi-weekly deposits of…

A: Bi-weekly Deposit = $513.38 Time Period = 19 Years Interest Rate = 2.750% compounded semi-annually

Q: 4. Mr. Thomas will receive $8,500 a year for the next 15 years from her trust. If a 7 percent…

A: Introduction: The present value of annuity due refers to the current value of a series of future…

Q: nd thereafter he wishe

A: The concept of time value of money states that worth of money changes with passage of time. This is…

Q: Allen is planning for his retirement pension fund. He expects to receive £20,000 a year for 30 years…

A: Present Value can be calculated using PV function in excel   PV (rate, nper, pmt, [Fv], [type])…

Q: 3 Maude decides to invest in a 25-year private pension scheme, where she will have to deposit…

A: Future Value:- It is a method where an entity estimates the worth of present investment in the…

Q: An employee wants to retire and receive P 5 000 a month. She wants to pass this monthly payment to…

A: Here, Monthly payments = P 5,000  Interest rate = 8% compounded annually To Find: Present value of…

Q: John is currently 25 years old. He has $10,000 saved up and wishes to deposit this into a savings…

A:

Q: John is 20 years old now (t=0). He wants to retire on his 50th birthday (t=30) with $1 million on…

A: The Future Value of annuity: The one million dollars that John wants when he retires is the Future…

Q: Mr. Hopper expects to retire in 30 years, and he wishes to accumulate $1,000,000 in his retirement…

A: Given: Retire in : 30 years Amount : $1000,000 Interest rate : 12%

Q: How much should chuck invest semiannually in his ira to have $250,000 in it when he retires in 25…

A: Semi-annual compound interest is the interest which is added to the principal amount twice in a…

Q: s to retire in 5 years. To supplement his pension he would like to receive $150 every months for 20…

A: There is need of proper planning for retirement and if you do proper planning for retirement than…

Q: A 35-year old man is considering a lavish personal pension plan paying 50,000 monthly annuities for…

A: Since you have asked a question with multiple sub-parts, we will solve the first three questions for…

Q: EZ Leifer plans to retire at the age of 65 and believes he will live to be90. EZ wants to receive an…

A: Given a certain rate of return, present value (PV) is the current worth of a future sum of money or…

Q: 4. Amy Johnson wants to retire on $75,000 per year for her life expectancy of 20 years after she…

A: First step is to calculate the amount she will have at the time of retirement and second step will…

Q: Aji who is now 25 years old, wants to buy a retirement plan starting at the age of 55 year with an…

A: In the given question, the future value of annuity is $ 3,000,000.   Annual Payments will be paid…

Q: Jennifer's pension plan is an annuity with a guaranteed return of 5% per year (compounded monthly).…

A: The future value of the annuity is computed so that the amount that going to be received in the…

Q: Marcia Kincaid has just begun working for a company that offers a pension plan. This plan guarantees…

A: Total amount she got = 5400*20*12 = 1296000

Q: Ozzy is working a tire factory that offers a pension in the form of an annuity that pays 5.5%…

A: Retirement corpus will be calculated by present value of perpetuity. Retirement corpus = Present…