You plan to invest $2, 000 each year in a retirement account for the next 20 years. Calculate the future value of your retirement account at the end of the 20 years assuming a 10 % annual interest rate.

Q: When you retire, you plan to draw $50,000 per year from your retirement accounts, which will be…

A: Here, Annual payment = $50,000 Interest rate = 6% Number of periods = 10 years To Find: PV of…

Q: You deposit $500 today in a savings account that pays 6% interest, compounded annually. How much…

A: Deposit amount = $ 500 Annual interest rate = 6% Period = 40 Years

Q: You plan to retire in 40 years. To provide for your retirement, you initiate a savings program of…

A: Future value is the expected value of current sum in a future date at a given rate of return. Given:…

Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…

A: Future value of any deposits made is equivalent to the compounded value of deposits made for all the…

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

A: Computation:

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: 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: 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: You want to invest a lump sum at 5% interest so as to have $100,000 in 20 years. If you find an…

A: The Present Value of a lump sum: The Present Value of a lump sum can be computed with the formula:

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

A: Here,

Q: Assume you deposit $5,200 at the end of each year into an account paying 10 percent interest. a.…

A: deposit made at the end of each year = $5200                        interest rate annum     = 10%…

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: Calculate how much you will have to save each month between now and then to have $300,000 in your…

A: Calculate the monthly saved amount as follows:

Q: You plan to deposit $900 PER YEAR into an account earning 5.25% interest compounded annually. How…

A: Since you posted multiple questions ,we will solve the  second page last question for you. if u want…

Q: You want to be able to withdraw $30,000 from your account each year for 25 years after you retire.…

A: in this problem you have to calculate present value of retirement amount and that will be retirement…

Q: If you have $325,000 saved for retirement, how many years will it last if you earn an annual…

A: In the given question we need to compute the Number of years for which saving of $325000 will last…

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: As part of your retirement plan, you have decided to deposit $6,000 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: 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 deposit $4000 into a retirement account each year. The account pays 8℅ interest. How much will…

A: Annual deposit (A) = $4000 Interest rate (r) = 0.08 Period (p) = 25 years Amount in 25 years (P25) =…

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

A: We will have to use the concept of time value of money to solve this.

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 $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 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: If you deposit $2,000 into an account at the end of each of the next 40 years, at 4.5% interest, how…

A: It can be solved using  In excel FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate for the…

Q: You want to be able to withdraw $45,000 from your account each year for 20 years after you retire.…

A: After retirement: payment amount = $45000 number of year = 20 rate of interest = 7%   Before…

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 are planning to retire in 20 years, and your goal is to accumulate a sum of $1 million in your…

A: In this question we require to compute the money to be invested each year to have $1 million in 20…

Q: Determine the annual payment required to fund a future annual annuity of $12,000 per year. You will…

A: Present value =cash flow×1-(1+r)-nr r = rate n = number of periods

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

A: Future value of the retirement account is the total value that an individual will be able to…

Q: Suppose you make 1000 pbr monthly deposits to a retirement plan that pays interest at a rate of 30%…

A: Using Excel FV function

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: If you have $375,000 saved for retirement, how many years will it last if you earn an annual…

A: Perpetuity can be defined as the series of fixed cashflow in equal interval for an indefinite…

Q: Sally has decided to invest $70 at the end of each mouth into a retirement plan that has an annual…

A: Computation:

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: Assume that you contribute $200 per month to a retirement plan for 20 years. Then you are able to…

A: Computation:

Q: At an interest rate of 8% per year, the amount you must deposit in your retirement account for years…

A: The principle of present value indicates that a sum of money now is worth more than the same sum of…

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: Abby plans to deposit $100 at the end of every quarter for the next 10 years into an annuity that…

A: The computation of the value at maturity as follows:

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 want to invest 8000$ at an annual interest rate of 8% that compounds annually for 12 years.…

A: The future value of money concept is a fundamental concept of financial management. The future value…

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: Assume that you contribute $150 per month to a retirement plan for 15 years. Then you are able to…

A: This question provides that $ 150 per month for 15 years and increases the $ 350 per month for next…

Q: You decide to replace your income of $70,000 a year in retirement for 30 years. How much do you need…

A: Interest rate (r)= 3% Compounding (k)= annually Time period (n)= 30 years Retirement Income (d)=…

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

A: Since you have asked multiple questions, we will solve the first question for you. Please resubmit…