what will be the amount in the account upon your retirement?

Q: If you deposit $250 each month into an individual retirment account that earns 4.8% interest…

A:

Q: You deposit $10,000 in a retirement account today at 5.8% interest with annual compounding. How much…

A: Future value = Present Value×[1+Periodic interest rate]^n Where,  n = number of periods = 28…

Q: a) How much is in your account on retirement? b) Suppose you set up your account as a perpetuity on…

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

Q: You are offered the opportunity to put some money away for retirement. You will receive 6 annual…

A: Computation:

Q: Aylene is preparing for an income fund for her retirement. She wants to receive 15,000 pesos…

A: The present value is the value of the sum received at time 0. It is the current value of the sum…

Q: You currently have $250,000 in your retirement account. What equal annual amount must you deposit…

A: Equal annual deposits into an account for a fixed number of times is called annuity. The future…

Q: You want to be able to withdraw $50,000 from your account each year for 20 years after you retire.…

A: Here we will first have to find the present value of annual withdrawals of $50,000 for 20 years.

Q: Assume you decide to make weekly deposits of $100 into a savings account over the next 30 years.…

A: given, A = $100 q ( payment frequency) = 52  m ( compounding frequency) = 365 t ( number of periods)…

Q: As part of your retirement plan, you have decided to deposit $9,000 at the beginning of each year…

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

Q: If Luis Jimenez makes annual deposits of $1,000 into a savings account for 30 years, how much will…

A: Interest charged on the principal amount and the interest accrued is known as Compound Interest. It…

Q: You want to have $50,000 in your savings account 12 years from now, and you’re prepared to make…

A: The annuity refers to the regular payment or receipt that lasts over a period of time. The annuity…

Q: After retirement, you expect to live for 25 years. You would like to have a $95,000 income each…

A: Here,

Q: You want to have $2,000,000 in your savings account seven years from now, and you're prepared to…

A: Given: Future Value of investment "FV" = $2000000 Number of payments "n" = 7 Interest rate "r" =…

Q: You deposit $13,000 annually into a life insurance fund for the next 10 years, after which time you…

A: The future value is the value of the amount in future that has to be paid or received at future.

Q: Find the amount needed to deposit into an account today that will yield pension payments of $25,000…

A: Calculate the amount to be invested today as follows:

Q: Starting at age 25, you deposit $2,000 a year into an IRA account. Treat the yearly deposits into…

A:

Q: You plan to prepare for retirement by making monthly contributions $1,500 to a savings account that…

A: Accumulated savings is defined as the savings, which amount for putting the back or investment each…

Q: what is the present value of this stipen

A: Present Value:  The present value is the present sum of a series of fixed payments. The series of…

Q: If I would like to have $250,000 in my savings account after making contributions for 30 years, what…

A: Present Value = Monthly Contributions * PVAF ( Monthly Rate, number of Months )

Q: A retirement plan investment guarantees to pay you, or your estate, a fixed amount each year for 20…

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

Q: You decide to provide yourself with a retirement account by depositing X into an account at the…

A: An immediate annuity is an ordinary annuity where the payments start immediately after being…

Q: You estimate you need to supplement your social security payments with monthly withdrawals of…

A: Given: Monthly withdrawal = $3,420 Interest rate = 6.9% So, monthly interest rate = 0.069/12 = 0.58%…

Q: You want to begin saving for your retirement. You plan to contribute $12,000 to the account at the…

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

Q: You deposit $825 today in a savings account that pays 3.5% interest, compounded annually. How much…

A: Future value is the value of current value at a specified interest rate for given period. The…

Q: Suppose that you are to make annual deposit of $3,000 into a retirement account that pays 11%…

A: Future value of the amount is the worth of the current amount in some future specified date at given…

Q: You deposit $5000 each year into your retirement account, starting in one year. If these funds earn…

A: Annual deposit = $ 5000 Annual interest rate = 5% Number of annual deposits = 27

Q: You estimate you need to supplement your social security payments with monthly withdrawals of…

A: The question is based on the concept present value of annuity payment Formula as, Pv=pmt*1-(1+r)-nr

Q: You are going to receive a payment at the end of each year for the next 12 years. If you invest each…

A: The future Value of an investment is an estimation of receiving some amount after some period of…

Q: You plan to deposit $250 each month into an IRA earning 0.25% interest monthly. How much will you…

A: Answer:   Following information are given:   Monthly deposit = $250 Time = 10 years No of periods =…

Q: To prepare for retirement, you are going to deposit money into a pension plan account every month…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: How much will you have in accumulated savings 20 years from now if you deposit $2,000 at the end of…

A: Period = 20 Years Year end deposit = $ 2000 Growth rate = 2% Interest rate = 5%

Q: You plan to place $1,200 per year into a Roth IRA. You expect to earn 6% APR and you will place this…

A: Given, The yearly deposit is $1,200 Rate is 6% Term of investment is 35

Q: You are going to receive a payment of $80 at the end of each year for the next 12 years. If you…

A: Given details are : Periodic payment = $80 Time period = 12 years Future value = $1930.65 From above…

Q: You deposit $5000 each year into your retirement account, starting in one year. If these funds earn…

A: Answer:   Following information are given:   Annual deposit = $5000 Rate = 5% Time ( no of periods)…

Q: Determine the size of your investment account 23 years from now (when you plan to retire) if you…

A: Future value: It is the value of the current asset, depending on the assumed rate of the growth, at…

Q: If you deposit $250 each month into an individual retirement account (IRA) that earns 4.8% interest…

A: We can use advance calculators or Excel to find the future value asked in the question.

Q: You are planning to make monthly deposits of $460 into a retirement account that pays 10 percent…

A: Given information: Monthly deposit amount is $460 Number of years is 30, Interest rate is 10%

Q: You now know the power of compound starting to save for your retirement as early as possible. You…

A: In arithmetic growing annuity amount each year increase by fixed amount but this amount grow much…

Q: You plan to invest $2, 000 each year in a retirement account for the next 20 years. Calculate the…

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

Q: A retirement plan guarantees to pay to you or your estate a fixed amount for 20 years. At the time…

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

Q: You are offered the opportunity to put some money away for retirement. You will receive 10 annual…

A: Here, Annual Payments Received is $5000 Interest Rate is 12% Monthly Interest Rate is 12% / 12 = 1%…

Q: a. You plan to invest $5,000 in an individual retirement arrangement today at a nominal annual…

A: Future value is the value of current asset or investment at a future date. Future value is…

Q: You will deposit $5000 into a retirement account that earns 3% interest compounded annually. You…

A: Future value of the deposit = Future value of the single deposit i.e. $5000 + future value of the…