Heather will receive $13,000 at the end of every year for the next 15 years as a payment for a new song she has written. If a 8 % return is applicable, should she be willing to sell out her future rights now for$120,000?
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- Heather will receive $13,000 at the end of every year for the next 15 years as a payment for a new song she has written. If a 8 % return is applicable, should she be willing to sell out her future rights now for$120,000?
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- Bill will receive a royalty payment of $18,000 per year for the next 25 years, beginning one year from now, as a result of a book he has written. If a discount rate of 10 percent is applied, should he be willing to sell out his future rights now for $160,000? How about $162,500? $165,000?Stephanie is going to contribute $160 on the first of each month, starting today, to her retirement account. Her employer will provide a match of 50 percent. In other words, her employer will add $80 to the amount Stephanie saves. If both Stephanie and her employer continue to do this and she can earn a monthly interest rate of .45 percent, how much will she have in her retirement account 35 years from now?Anna decides to save Php 2 750 at the end of every 6 months, which is the amount paid into her retirement plan by the company where she works. If she chooses an investment fund that guarantees 8% per year compounded semiannually, how much will she have in 10 years
- Gail decided that in six years she would leave her job in publishing and retire to Arizona. What amount should Gail invest today, so that she will be able to withdraw $50,000 at the end of each year for 30 years after she retires? Assume she can invest money at 5%, compounded annually.Two year from now a client will receive the first of three annual payments of $20,000 from a small business project. If she can earn 9% annually and plans to retire in six years, how much will the three project payments be worth at the time of her retirement?Elora must have RM120,000 in order to buy a piece of vacant land. She plans to save RM2,000 per year in her saving account with Amanah Bank that pays 12 percent interest rate compounded semi-annually. If Elora save for 15 years, determine if Elora would be able to buy the land.
- A civil engineer planning for her retirement places 11% of her salary each year into a high-technology stock fund. If her salary this year (end of year 1) is $160,000 and she expects her salary to increase by 2% each year, what will be the future worth of her retirement fund after 17 years provided it earns 11% per year?Janice is hoping to save $200,000 by the time she retires in 20 years. How much must Janice deposit annually at the end of each year to reach this retirement goal on December 31, Year 20, assuming she can earn a 4% annual rate of return on her retirement account?Una Day is planning to retire in 20 years, at which time she hopes to have accumulated enough money to receive an annuity of $35,000 a year for 25 years of retirement. During her pre-retirement period she expects to earn 9 percent annually, while during retirement she expect to earn 11 percent annually on her money. What amount will be needed in 20 years (at time of retirement). What amount of annual contributions to the retirement fund are required for to achieve her objective and sleep well at night? If she currently earns $35,000 a year will this amount be enough in retirement 20 years from now (briefly explain – no calculations are required).
- Skeng would like to receive equal instalment of $250,000 at the end of each year for the next 8 years. How much should she have in an investment account that pays 6.5% per annum in order to achieve this goal?Claire Fitch is planning to begin an individual retirement program in which she will invest $1,500 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)?Vv. Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book. What is the present value of her royalty income if the opportunity cost is 12 percent? Assume that payments come at the end of each year. O $235,855 O $75,939 O $210,585 O $67,803
