If Edward wants to earn 215,000 within the next 20 years and the salaries grow at 4.15% per year, what salary should he start at to reach his goal.
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Q: If Edward wants to earn $215,000 within the next 20 years and the salaries grow at 4.15% per year,…
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If Edward wants to earn 215,000 within the next 20 years and the salaries grow at 4.15% per year, what salary should he start at to reach his goal.
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- If edward want to earn 215,000 within the next 20 years and the salaries grows at 4.15% per year what salary should he start at to reach his goalJane wants to have $200,000 in an account in 20 years. If her account earns 11 percent per annum over the accumulation period, how much must she save per year (end of year) to have the $200,000?Kethy currently brings in an annual salary of $60,000 and anticipates a raise of 9% every year. What will her salary be in 17 years?
- Beth currently brings in an annual salary of $48,000 and anticipates a raise of 6% every year. What will her salary be in 16 years?Starting next month, I plan to invest $500 per month for 10 years to reach my goal of $100,000. What annual rate must I earn to achieve this goal?When he started work on his twenty-first birthday, D. B. Cooper decided to invest money each month with the objective of becoming a millionaire by the time he reaches age 60. If he expects his investments to yield 9% per annum, compounded monthly, how much should he invest each month?
- Kelvin has 45 years left until retirement and wants to retire with RM4 million. Assuming that his monthly salary is RM50,000, and he can earn an annual return of 9 percent on the money he invests monthly. If he saves a constant percentage of his salary, what percentage of his salary must he save each month?As an engineer, you plan to put aside 20% of your yearly income. You expect to make Php1 million in the first year, and then you expect your income to increase by 10,000 each year for the next 6 years. At the interest rate 10% per year, what is the accumulated amount after 6 years?You have 30 years left until retirement and want to retire with $1.5 million. Your salary is paid annually, and will receive $70,000 at the end of the current year. Your salary will increase at 3 percent per year, and you can earn an 10 percent return on the money you invest. If you save a constant percentage of your salary, what percentage of your salary must you save each year?
- Patrick makes payments of $250 per month at the end of each month. At the end of 10 years, he wants to have $50,000. What annual interest rate would he need in order to make that happen?Josh has an investment account with $50,000. If Josh earns 6% per year and contributes $400 each month, how much will his investments be worth in 10 years?Mr. Fish wants to build a house in 10 years. He estimates that the total cost will be $170,000. How much should be put aside each year assuming his account earns 10% per annum?
