Suppose a man is 30 years old and would like to retire at age 60. Furthermore, he would like to have a retirement fund from which he can draw an income of $75,000 per year—- forever. How can he do it? Assume a constant APR of 6%. He can have a retirement fund from which he can draw $75,000 per year by having $? in his savings account when he retires.

Q: Calculate the future value when P = P5,000, r = 11%  compounded monthly, and t = 8 years.…

A: Given: P=5000 r=11% T= 8 years The formula to calculate the total value compounded monthly is…

Q: After several years of working, Katy has saved $125,000. If she invest that $125,000 in savings fund…

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Q: You have an opportunity to invest in a fund that has a yearly interest rate of 6%. How much should…

A: From the given information, it is observed that FV = $15,000, r = 6%, that is, r =0.06 and t = 3.…

Q: Suppose that you had the opportunity of investing 5000$ in a business such that the value of the…

A: Given  that Investing 5000$ in a business increases the value to 6300$ after 5 years.

Q: what is the price of the stock?

A: Dividend growth model Dividend growth model is a valuation model, that calculates the fair value of…

Q: If a Bond has duration of 11 years with a bond price of 1000 and a yield to maturity of 4%. If the…

A: Bond duration = 11 years Bond price = 1000 Yield to Maturity(YTM) = 4% To find: What is the bond…

Q: A mutual fund has an average annual rate of return of 14.5 % . The investment company charges 3 %…

A: The formula for the compound interest is Pt=P0(1+r)t whereP0=initial value ($4000 i.e.…

Q: A continuous annuity with withdrawal rate N = $500 $ 500/year and interest rate r = 5% is funded by…

A: Given: Withdrawn is N=$500 Interest Rate (r)=5%=0.05 Initial deposit is P=$7000

Q: Suppose you wish to save $3,720. If you have $3,000 and invest it at 8% simple interest, how long…

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Q: If the present worth of a company is 3000$ with interest rate of 9% for 6 years, the EUAC of the…

A: Given: Present value = $ 3000 Interest rate = 9% Number of periods n = 6 years

Q: Assume that your father is now 50 years old, plan to retired in 10 years, and expects to live for 25…

A: Step 1: calculate the present value of all the retirement payments at the time of retirement. Step…

Q: How much interest will you owe if you borrow $1200 for 2 years at a simple interest rate of 10%…

A: Equation to be used:A = P(1 + rt) ;        P = Principal Amount = 1200  t = time in years = 2 years…

Q: Find the total value TV of the given income stream and also find its future value FV (at the end of…

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Q: Mauro has $500 to invest in one of two accounts for 3 years. Account 1 earns 1.2% interest…

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Q: You have set up an investment that pays 7% compounded quarterly but requires deposits of $600 at the…

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Q: 15. How long will it take an initial deposit of $1500.00 to increase in value to $2500.00 in a…

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Q: c. How big does the return have to be to put a domestic stock fund in the top 10% for the three-year…

A: It is given that the mean is 14.4% and the standard deviation is 4.4%.

Q: What is the simple interest on N450 for 4 years at 4'/,% C. N91 N71 B N81 D. N101 E. N111

A: In this question, the concept of Simple Interest is applied. Simple Interest In simple interest,…

Q: A​ woman, with her​ employer's matching​ program, contributes ​$800 at the end of each month to her…

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Q: For an investment of $100,000 at 6% interest for 7 years, find (a) the simple  interest, and (b) the…

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Q: How much will you need to invest each month over the next 30 years in order to meet your savings…

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Q: 4. What is the simple interest on N450 for 4 years at 4'/,% A. N71 B. N81 C. N91 D. N101 E. N111

A: Given information P=N450 R=412%=92% And T=4 years We have to find the simple interest. The formula…

Q: Suppose you obtain a $5000 Treasury Note with a 3% annual rate, paid quarterly, with a maturity in 2…

A: See the attachment

Q: If $10,000 is invested today in an account that earns interest at a rate of 9.5%, what is the value…

A: Solution:

Q: The Finance Club would like to endow an annual prize of $150 to the student who shows the most…

A: Given information Interest amount=$150 Interest rater=5% Let x be the amount of investment Then…

Q: Use technology to apply the future value (FV) function and to answer the following questions. a.…

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Q: Muzun Deposits OMR 18,000 in saving account which pays 8% interest compounded quarterly. How much…

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Q: A $1,000,000 lottery prize pays $50,000 per year for the next 20 years. If the current rate of…

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Q: Suppose you are 25 years old and would like to retire at age 60. Furthermore, you would like to have…

A: Given statement is, Suppose you are 25 years old and would like to retire at age 60.Furthermore, you…

Q: At the beginning of year 1, Chantelle deposited $25,000.00 in an investment account that pays 5.00%…

A: Option (c) 103200.46 is correct.

Q: A machine is valued at $10,000. If the depreciation at the end of each year is 20% of its value at…

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Q: A zero coupon bond is a bond that is sold now at a discount and will pay its face value at some time…

A: If the interest in compounded, then the formula used is FV=PV1+rnnt. Here FV is the future value, PV…

Q: If the modified internal rate of return (MIRR), the future value of all cash inflows (C) and the…

A: Given :  MIRR - modified internal rate of return C - the future value of all cash inflows PVout -…

Q: $30,000 is invested for 3 months at an annual simple interest rate of 2%.  how much interest will…

A: Given

Q: Parents agree to invest $600 (at 8%, compounded semiannually) for their son on the December 31 or…

A: Given:Principal amount =P=$600Rate of interest =r=8% semiannuallyTime=t= 4 yearsNumber of…

Q: Suppose a man retires at age 65, and in addition to Social Security, he needs $2000 per month in…

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Q: 1. Mr. Paul makes an initial invesiment of P6,000 for a period of 3 years. Find the value of the…

A: As per our guidelines, we are supposed to solve only first question. Kindly repost other question as…

Q: For an investment of $100,000 at 9% interest for 8 years, find (a) the simple interest, and (b) the…

A: Here, P=$100,000 r=9% t=8 years

Q: if changing market condition cause a company earning 8000000 in 2005 to project a loss of 2 percent…

A: Given that, the earning in 2005 is 80,00,000 and each of the next 5 year the loss is 2% of its…

Q: Use technology to apply the future value (FV) function and to answer the following questions. a.…

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Q: For the cash flows shown in the diagram, determine the value of x and 2x that will make the future…

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Q: An employee invests £1000 at the end of each month into her Pension Fund for 30 years. What is the…

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Q: Suppose you are 30 years old and would like to retire at age 65. Furthermore, you would like to have…

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Q: suppose you invest $6000. Which investment yields the greater return over 4 years 8.25% compounded…

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Q: Bank A pays 4% interest compounded annually on deposits, while Bank B pays 3.5% compounded daily.a.…

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Q: Parents agree to invest $700 (at 10%, compounded semiannually) for their son on December 31 or June…

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Q: The Estradas are planning to buy a house 4 years from now. Housing experts in their area have…

A: Given data: Initial cost=$200,000   Rate= 4%   Time Period = 4 years

Q: If you invest $1,000 at 10% interest compounded every year. a)  How long will it be until your…

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.