How much money will you have on the date of your retirement 45 years from today?

Q: Suppose a recent college graduate's first job allows her to deposit $150 at the end of each month in…

A: Future value of annuity =  P * [ (1+r)^n  - 1 ] /r  Where, r =rate of return per period i.e. 6%/12 =…

Q: You decide to open a retirement account at your local bank that pays 8%/year/month (8% per year…

A: Annuity is the sum total of all the periodic payments or investments made over the period of time at…

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: suppose you want to be able to withdraw $4,800 at the end of each month for the next 20 years. How…

A: The present value of the annuity factor is used when there is an equal series of cash flows and the…

Q: Your first job out of college will pay you $81,000 in year 1 (exactly one year from today). You…

A: C1 =  $81,000 in year 1Salary growth rate, g = 7% per yearC2 = C1 x (1 + g)C3 = C2 x (1 + g) = C1 x…

Q: You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end…

A: The future value of annuity helps an investor or an individual to know the future value of their…

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: You deposit $23,000.00 in an account that pays 4% compounded annually and immediately start making…

A: In this question future value would also be find out so that payment per year can be find out.

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: * Shara Jane Mariano buys a 137,000 laundry business by paying 26,000 at the end of each year. At…

A: The amortization table means a table showing the schedule of payments in each period including the…

Q: Assume you put $400 per month into a retirement account for 14 years, and the account has an APR of…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with…

A: Time value of money is the concept that says the monthly savings will increase portfolio value at…

Q: You plan to deposit $200 at the end of every six months for 8 years starting at the end of month 6.…

A: Answer: Calculation of the amount that will be available to withdraw at the end of year 15: The…

Q: Assume that today is the first day of the month and that it is also your first day of retirement.…

A: The question is based on the concept of periodic payment as annuity payment Formula as,…

Q: $200 a week at your job and would like to invest half your earnings. What is the difference between…

A: Given information : Weekly earnings  $200 Lower interest rate  8% Higher interest rate 12%…

Q: You have just deposited $9,500 into an account that promises to pay you an annual interest rate of…

A: GOAL (FV) 27940 INTEREST RATE 6.20% YEARS 8+12=20 PMT 0 PV 9500

Q: You are saving money for a down payment on a new house. You intend to place $5,000 at the end of…

A: The amount at the end of the fifth year is the future value of the payments. The future value is the…

Q: Your client just received a large bonus of $100,000. He wants to set it aside for retirement but…

A: Compound interest: It is the interest on interest calculated on the principal amount of a loan or a…

Q: naline wants to have 5000 dollars after 6 years in the account that draw a nominal interest of 7…

A: The future value of goes on increasing as there is more compounding over the period of time.

Q: Today is your 22nd birthday and you have just started your first job out of college. You decide that…

A: The compounded value of each payment made over common interval of time is called an annuity and its…

Q: Sam's family has decided that they will start depositing $100 at the end of every month into a…

A: Monthly Deposit = 100 End of month deposits Time Period =  3 years or 36 months Interest Rate = 4.6%…

Q: You have €42,180.53 in a brokerage account, and you plan to deposit an additional €5,000 at the end…

A: Working note:

Q: ) Suppose a recent college graduate's first job allows her to deposit $200 at the end of each month…

A: Future Value:-It is the value which the company's estimate for a project's future income so that it…

Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…

A: Ordinary Annuity According to given information woman deposits the amount at the end of each month…

Q: You will be in graduate school for the next two years. You borrowed some money from the bank for…

A: Monthly Payment  $   950.00 Monthly payment increase by 2% Time period  5 Beginning of payment…

Q: You begin working at age 25, and your employer deposits $310 each month into a retirement account…

A: The future value of an annuity is the future worth of a series of cash flows at a certain rate of…

Q: Assume that you will have a 10-year, $10,000 loan to repay to your parents when you graduatefrom…

A: The loan is to be paid in 10 annual installments of $1,490. It includes both the payment of interest…

Q: You deposit $27,000.00 in an account that pays 4% compounded annually and immediately start making…

A: Given:

Q: A group of employees decided to invest a portion of their 13th-month pay. After 3 months from today,…

A: Here, Withdrawal Amount is P5,000 Time Period  is 12 months Interest Rate (r) is 5% Compounding…

Q: Your firm has a retirement plan that matches all employee contributions with employer contributions…

A: The value of current payment or upcoming flow of payments at any future date when flow of payment…

Q: The president of a growing engineering firm wishes to give each of 50 employees a holiday bonus. How…

A: Since the contribution would be monthly, we need to find the monthly compounding rate which is given…

Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…

A: We have a question that involves the application of time value of money concept, sequentially. We…

Q: Assume you put $400 per month into a retirement account for 14 years, and the account has an APR of…

A: (Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Q: The president of a growing engineering firm wishes to give each of 20 employees a holiday bonus. How…

A: Given information: Number of employees 20 Nominal rate is 12% Future value is $2,500

Q: When you retire at 65, you wish to be able to have $3,000 each month for 25 years. How much would…

A: Firstly calculate the present value of annuity with $3000 as PMT and 25 years, use this present…

Q: How much money has accrued in the account at the end of the 14 years? (Round your answer to the…

A: Case i. Money accrued in the account at the end of the 14 years: Future value of annuity formula =…

Q: You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two…

A: Given, Interest rate = 9% per annum compounded monthly = 0.75% per month   Option 1 = 66000 each…

Q: You plan to buy the house of your dreams in 18 years. You have estimated that the price of the house…

A: Monthly payment refers to the periodic payments made towards the acquisition of an asset or security…

Q: You want to supplement your retirement income through a retirement account. You have 15 years left…

A: First withdrawl amount is $15,000 Growth rate is 5% Starting year of Withdrawal is 16th Ending Year…

Q: You are offered a job that pays $37,000 during the first year with an annual increase of 9% per year…

A: Solution:- When an amount increases by same rate of growth, the amount at nth year can be computed…

Q: You have $33,556.25 in a brokerage account, and you plan to deposit an additional $5,000 at the end…

A: given, FV = $220000 r= 12% time line

Q: The president of a growing engineering firm wishes to give each of 50 employees a holiday bonus. How…

A: Here, No. of Employees is 50 Bonus of Each Employee is $1,200 Total Bonus Required is:…

Q: You are planning to retire in 25 years time. Immediately after your retirement, you wish to go for a…

A: Hi, there, Thanks for posting the question. As per our Q&A honour code, we must answer the first…

Q: Your employer has agreed to place year-end deposits of $1,000, $2,000 and $3,000 into your…

A: The cash flows that are started immediately after the investment and go on for an infinite time…

Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…

A: Money in the account after 28 years is future value of monthly deposits

Q: The manager has 5 employees whose combined salaries through the end of this year are $300,000. If he…

A: The current worth of funds to be received in the future with one or more payments, discounted at a…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.