Q: Assume that A contributes $2 000 every end of the year into a retirement account paying 8%. If A…
A: Given: Payment = $2,000 Interest rate = 8% Years = 30
Q: Matthew, age 37, currently makes $90,000. His wage replacement ratio is determined to be 85 percent.…
A: The amount of capital needed to be accumulated today for the retirement age of 70 will be calculated…
Q: After 25 years of service, Mr. Aman retired on 1st May 2021. He received a gratuity of Rs 20,00,000.…
A: Lets understand the basics. Gratuity is payable to employee for rendering particular time period…
Q: wishes to provide herself, or her estate, with an income of $10,000 at the end of each year for 10…
A: Deposit A Amount = 10,000 End of year deposits N = 10 years Deposit B Amount = 10,000 End of year…
Q: Mai Lee has contributed $250 at the end of each month into her company's employee retirement account…
A: answer and calculations are given below
Q: At two years of age, Deja was given $700,000. The amount is put into a trust earning 5% monthly. If…
A: It is being given that when the withdrawals of certain amounts being made over the period of time…
Q: A worker age 40 wishes to accumulate a fund for retirement by depositing $3000 at the beginning of…
A: Series of payments, made at the beginning of the periods is known as annuity due. Future value of an…
Q: how much will John have in his retirement account at age 60?
A: Present age is 25 Rate of return = 8% Retirement age = 60
Q: Pedro Cruz started working for the ABC Corporation on his 25th Birthday. Each month P30 was withheld…
A: Total Monthly Savings = 30*2 = 60 Annual Investment in retirement fund Annual Saving = Monthly…
Q: Maureen has just had here 55th birthday and plans to retire at age 6o. Her financial adviser…
A: Computation:
Q: A person would like to receive Rs.30000 monthly as pension after his retirement (60 years). To…
A: The present value of the pension amount equated the future value of all the deposits made in the…
Q: Starting on his 25th birthday, Jason makes 20 semi-annual payments of P15,000 each in a savings…
A: Compound interest refers to the interest that is calculated on a deposit or loan on the basis of an…
Q: Martin has $4,200 in doctor bills for the year. His deductible is $300. His policy pays 80% once he…
A: Martin pay including his deductible=$4,200-$300×80100+$300=$3,420
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: Thomas's retirement fund has an accumulated amount of $55,000. If it has been earning interest at…
A: Accumulated Value in retirement Account "FV" is $55,000 Interest rate is 2.44% Compounded monthly…
Q: Mr. Smith is 35 years old. He has the following 2 goals: First goal: To retire when he is 60 years…
A: Inflation is the decline in the purchasing power of a given currency overtime.
Q: Connie deposits $2000 at the end of each year into her Individual Retirement Account IRA. It earns…
A: Annuity: a contract that provides income for a specified period of years, or for life. Future value…
Q: Nana's mother forgot that her Php 25,000 13th-month pay 10 years ago was invested to an instrument…
A: Future value of any investment is the sum of compounded values of all the investments made at a…
Q: At the age of 35 John began contributing 10,500 Php every month to a retirement fund. If his money…
A: Using excel nper function
Q: A woman, with her employer's matching program, contribute $700 at the end of each month to her…
A: Monthly withdrawal refers to the amount that is withdrawn from the bank on the respective date of…
Q: Connie deposits $2,000 at the end of each year into her Individual Retirement Account (IRA). It…
A: Annual deposit (P) = $ 2000 Interest rate (r) = 8% Number of annual deposits (n) = 20
Q: Mr. Bilal owes Mr. Asad Rs. 70,000 due in 7 years and Rs. 35,000 in 10 ½ years. How much should Mr.…
A: Calculating future value of 70,000 at time 9 Future Value = Present Value * (1+r)^n Where, r = rate…
Q: Caleb's annual salary is $50,000 per year. His employer matches 75% of his 401k contributions up to…
A: A number of biweekly per year = 26 Biweekly. Her employer will be paid a 401K contribution up to…
Q: Naruto deposits P5,000 at the end of every earning 7.50% compounded continuously. Determine the…
A: The future value of an annuity with continuous compounding is the formula that measures the future…
Q: A man inherited regular endowment of P103,000 every end of 2 months for 10 years. However, he may…
A: There are 6 bi-monthly period in a year N = 6*10, FV = 0, PMT = 103,000, rate = 14%/6 use PV…
Q: A man turns 35 today and wishes to provide supplemental retirement income of 3000 at the beginning…
A: Future Value: Future value is the value of a current asset at some time in the future based on an…
Q: J'Mal wishes to retire at age 65. At the age of 21, he begins depositing $35 per month into an…
A: A deposit of $35 is made each month for 44 years (65 years – 21 years) at a rate of 8.5%…
Q: Mary plans to make the following contributions to her retirement account: $10,000 for each of the…
A: In order to find how much money she will have one has to calculate the future value after 20 years.
Q: On Juan’s 26th birthday, he deposited $7,500 in a retirement account. Each year thereafter he…
A: formula for future value of annuity growth: FVAG=Pr-g×1+rn-1+gnwhere,p=first paymentr=rate of…
Q: Dr Kapoor has contributed $10,000 yearly into an RRSP from age 25 to 50 (25 deposits). At age 50, he…
A: in this first we have to calculate retirement amount and from that we can get pension.
Q: A man deposits P5,000 at the end of every year earning 7.50% compounded continuously. Determine the…
A: Annual deposit (P) = P5000 Interest rate = 7.50% e = 2.7182818284590452353602874713527 Annual…
Q: Levi plans to retire at age 66, and estimates that $61,200 a year in retirement for 20 years will be…
A: The amount needed at retirement will be equal to the present value of all the payments needed after…
Q: Mr Santos wants to get a lump sum of money when he retires at the end of 30 years. He then deposits…
A: The concept of the time value of money states that the current worth of money is more than its value…
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: To prepare for his retirement in 13 years, Tekla deposited 10,000 in an account paying 9%. Nine…
A: We have certain age for retirement, and for that, we add an amount after some interval of time to be…
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: 13. Caleb's annual salary is $45,000 per year. His employer matches 75% of his 401k contributions up…
A: Many employers give their workers a 401(k) package, which is a tax-advantaged, defined-contribution…
Q: Mr COVID is 25 years old and is planning to accumulate 10 million pesos on the day of his retirement…
A: Accumulation at retirement = 10,000,000 N = Number of withdrawals = 29 years and 6 months i.e. 354…
Q: Mr. Arman has decided to start saving for his retirement. Beginning on his twenty-sixth birthday,…
A: It is required to find the future value in the accounts of Mr. A and Mr. J to know who will be…
Q: An engineer wishes to have $3 million by the time he retires in 35 years. Assuming 8% nominal…
A: Retirement planning is the process of determining retirement income goals, and the actions and…
Q: Find the current after-tax value of Noah's account if it was set-up as (i) a Traditional…
A: Retirement account may be defined as the account which is provided by the United States to provide…
Q: Gerein wishes to have P35,000 when he retires 15 years from now. If he can expect to receive 4%…
A: The future value of annuity due is the total future value of each cash flow which is made at the…
Q: Mr. Maillet has contributed $170.00 at the end of each month into an RRSP paying 4% per annum…
A: Future value of annuity is the value of stream of recurring regular interval cash flow compounded…
Q: On his 21st birthday, Silver put P300,000 into a retirement fund account that pays 10% interest per…
A: we need to use compound interest formula to calculate value of retainment fund at the age of 65…
Q: Professor Sandra Laneway received a payment of $500,000 from her grandmother’s estate on what is…
A: Prof. Sandra will receives $7000 per month for 20 years during retirement. Let us determine the…
Q: Sam started working for the LED company on his 25th Birthday. Each month P30 was withheld from his…
A: Cash Flow Diagram is any important aspect of visual accounting . This visually presents the income…
Q: Mr. King is retired and wishes to set up a 10-year annuity with quarterly payments of $8000 for the…
A: Given Information Time Period =10 years *4=40 periods(As periods are quarterly here) Quarterly…
John who is 28 years old, plans to retire at the age of 60 with an accumulated lump sum of
Rs2.5M. Calculate his monthly contribution assuming an Annualised percentage rate of 8%.
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- Gerein wishes to have P35,000 when he retires 15 years from now. If he can expect to receive 4% annual interest, how much he set aside in each of 15 equal annual beginning of year deposits?To prepare his retirement for 20 years, a self-employed engineer deposits P6,000 every end of 3 months in a fund that earns 10% compounded quarterly. How much could he get after his retirement?A widower currently has RM107,500 yielding 8% annually. calculate the return she must earn in order to withdraw annually for the next 10 years.
- At the age of 35 John began contributing 10,500 Php every month to a retirement fund. If his money earns interest at a nominal annual rate of12%, compounded monthly, how long does he have to make these payments if he wants his retirement fund to be 450,000 Php in the end?At age 60, a man established a trust fund of R20 000 which will pay his family a regular amount at the end of each month for 12 years after his death. If he dies at age 65, what monthly sum will the family receive if the fund earns 3% p.a. compounded monthly and if the first payment will be made 1 month after his death?A 55-year-old executive will retire at age 65 and expects to live to age 75. Assuming a 10 percent rate of return, calculate the amount he must have available at age 65 in order to receive P10,000 annually from retirement until death.
- Mr.perera's son kumar has just completed 15 years of age. In order to provide sum of Rs.25000 on kumar's 21st birthday, Mr. Perera has decided to invest a fixed sum of money. Calculate the amount of money that should be invested assuming the account earns interest at a rate of 7% compunded semiannuallyCarla Lopez deposits $5, 200 a year into her retirement account. If these funds have an average eaning of 6 percent over the 40 years until her retirement, what will be the value of her retirement account?On his 21st birthday, Silver put P300,000 into a retirement fund account that pays 10% interest per year, compounded annually. Now on his 65th birthday he is planning to retire, how much money does he have on his retirement fund?
- Jack is 23 years old. He earns $1,800 fortnightly after tax from his full-time job. He estimates that he will need to have $4.5 million by the time he retires at 65 years old in order to live comfortably. So, he starts planning for his retirement by saving a third of his income and investing it fortnightly in a pension plan that yields a return of 7.5% per year. Assuming his fortnightly income and the pension plan’s return stay the same until he retires, can he reach his retirement goal? (Note: there are 52 weeks in a year). You must show your calculations or your inputs to Excel or financial calculator.Julian used $90,000 of his savings to purchase a single premium annuity, which pays him $600 per month. If his life expectancy was 25 years at the time he purchased the annuity, how much of each payment is subject to tax? A) $500 at his current age. B) $200 C) $350 D) $300To prepare for his retirement in 13 years, Tekla deposited 10,000 in an account paying 9%. Nine years after, he deposited another 10,000. How much will be available at his retirement? *