How much would you have to invest when you are 20 years old at 9% compounded monthly to end up with a million dollars by age 48? Round your answer to the nearest thousand.

Q: If you are offered 300,000 in 14 years and you can earn 16% on your money what is the present value…

A: To calculate the present value we will use the below formula   Present value = FV/(1+r)n Where FV -…

Q: You always dream to be a millionaire in your entire life and you have only $5,000 to invest  now.…

A: Solution:- We know when an amount is invested, it earns interest. The amount initially deposited is…

Q: If you invest $10,000 today at 8% how much money will you have in five years?

A: Details given in the question are  : Present value (invest today) = $10000 Interest rate = 8% Time…

Q: d) You want to retire in 45 years with $1 million in the bank. You think you can get an average of…

A: Time value of money (TVM) is used to measure the value of money at different point of time in the…

Q: You need 85,000 in 10 years. If you can earn .78 percent per month, how much will you have to…

A: Future value is 85,000 Time period is 10years or 10×12 = 120months Interest rate is 0.78%   To Find:…

Q: You wish to have an investment that will bring about $50 000 in ten years, and the rate of return is…

A: Value of investments after 10 years=$50,000Rate of return(r)=8%Time(n)=10 years

Q: Based on the number of years until your retirement, calculate the monthly savings required to build…

A: You are 32 years old and considering the retirement age of 60 years the no. of years left till…

Q: You expect to receive $30,000 at graduation in two years. You plan on investing it at 9 percent…

A: We have to calculate period required and add two years to that .

Q: At age 30, a man makes an investment that will grow to 2.5 million dollars once he turns 53. How…

A: We have the value of investment in future (at age 53), time period and interest rate, we are asked…

Q: If you invest $20,467 today at an interest rate of 3.78 percent, compounded daily, how much money…

A: In the following question we require to calculate the future value from following details:…

Q: Assume you can earn 9.5% per year on your investments. a. If you invest $200,000 for retirement at…

A: Annual interest rate = 9.5%

Q: You need $32,000 at the end of 10 years. If you can earn 0.625% per month, how much would you need…

A: A concept through which it is studied that the current worth of money is higher than its future…

Q: How much should you invest each month in order to have $700,000 if your rate of return is 6.9%…

A: Periodic Amount that need to be invested is calculated using the formula future value of annuity.…

Q: If you invest $10,000 today at 4% how much money will you have in ten years?

A: We need to calculate the future value from the following details: Present value (invest today) =…

Q: how much should you invest now in a single investment if you expect to withdraw $45,000 in 9 years…

A: Step 1: Introduction Present Value: The value of the money identified today for the money/sum of…

Q: Assume you can earn 12% annually on your investment. How much money would you need to save each week…

A: Here, Interest Rate earned is 12% Future Value required is $1,000,000 Compounding Period is Weekly…

Q: how much must you invest today at 5 percent if you want to have $10,300 in 7 years?

A: The present value of future cash flows is reflective of the cash flow at present after discounting…

Q: If you invest $10,000 today at 4% how much money will you have in five years?

A: Details given are : Present value (invest today) = $10000 Interest rate = 4% Time period = 5 years…

Q: You wish to have $23,000 in 12 years and then find how much you should invest now (in $) at 6%…

A: Given: Compounding  value =$23000Time =12 yearsInterest rate =6%=6100=0.06Compounded quarterly i.e.…

Q: How much should you invest each month in order to have $800,000 if your rate of return is 7.5%…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: how much would you have to invest today at 4.5 percent in order to have $22,000 in 5 years?

A: The present value of future investment will be reflective of the value of future cash flows at…

Q: How much should you invest each month in order to have $400,000 if your rate of return is 6.5%…

A: Future value of investment is 400,000. The rate of interest is 6.5%

Q: if you invest $20,000 in a security today, how much will it be worth in six years? The security pays…

A: We need to use compound interest rate formula for calculation amount after 6 years. A=P(1+i)n Where…

Q: At age 20 when you graduate, you start saving for retirement. If your investment plan pays an APR of…

A: Annuity refers to the payment series of same nominal value which are paid or received at a same…

Q: An investment will generate $10,000 a year for 25 years. If you can earn 10percent on your funds and…

A: Calculation of net present value of the investment at 10%

Q: Assume you can earn 8.6% per year on your investments. a. If you invest $110,000 for retirement at…

A: Retirement savings is an important part for all the employees and for saving funds for retirement,…

Q: How much do you need to save each year for 30 years in order to have $775,000, assuming you are…

A: Given information: Future value amount is $775,000 Interest rate is 8% Number of years is 30

Q: You expect to receive $14,000 at graduation in two years. You plan on investing it at 8 percent…

A: Computation:

Q: If you pay $500 for an investment that returns $600 in 1 year, whatis your annual rate of return?…

A: Future value = Present Value * (1+r)^n Where, r = rate of interest  n = no. of years

Q: You would like to have $19,928 in 12 years. If the rate is 8.45%, how much do you have to invest…

A: Future value required (FV) = $19928 Interest rate (r) = 8.45% Number of annual deposits (n) = 12

Q: How many years must you wait for your $4,380 investment to grow to $7,700 if you invest at 5 percent…

A: Future Value: The future value is the value of annuity or the sum lump amount after a certain period…

Q: Suppose you deposit $100 today in an account paying 8 percent. In one year, you will deposit another…

A: Given information: Yearly deposit amount $100 Number of years is 1 Interest rate is 8%

Q: You wish to invest $30,000 today in order to save $60,000 for a deposit to buy a house in several…

A: The amount which a person targets to invest in an account is the future value which a person wants…

Q: How much should you invest each month in order to have $300,000 if your rate of return is 7.1%…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: You want to invest $27,000 today to accumulate $30,390 to buy a car. If you can invest at an…

A:

Q: a. You need $17,000 in five years but you only have $12,000 now. At what interest rate must you…

A: As per guidelines, I am supposed to answer 1 question at a time. As the question is not specifically…

Q: You are going to retire in 40 years and currently have $100,000. What average annual return would…

A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per periodn = no. of compounding…

Q: How much should you invest each month in order to have $800,000 if your rate of return is 3.6%…

A: future value=A×1+rmm×n-1rm A=annuity r=rate of interest m=frequency of compounding n-number of years

Q: How much would you have to invest today to receive a. $15,000 in 8 years at 10 percent? b. $20,000…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: You invest $150 each month in a savings plan for a period of 30 years. If you earn an interest rate…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: Assume you can earn 8.6% per year on your investments. a. If you invest $110,000 for retirement at…

A: The major decisions that an individual considers while setting up the retirement goals are the total…

Q: How long will it take for Michelle's investment to be worth $55,000 if she presently has $32,000 and…

A: In the given question we require to compute the time period from the following details: Present…

Q: You would like to have $29,753 in 7 years.. If the rate is 9.57%, how much do you have to invest…

A: Given Information :  Amount Required = $29,753 Number of years = 7 Annual interest rate = 9.57%

Q: How much would be in your savings account in 11 years after deposting $150 today if the bank pays 8…

A: Given: Present value (PV) = $150 Rate of interest (r) = 8% = 0.08 Number of years (n) = 11

Q: If you invest sh.100,000 at an interest rate of 15 percent, how much will you have at the end of…

A: Note: Hi! Thank you for the question, As per the Honor Code, we are allowed to answer one question…

Q: How much should you invest each month in order to have $500,000 if your rate of return is 3.9%…

A: Here we will use the concept of time value of money. As per this concept worth of money changes with…