An engineering student decides to accumulate $500,000 by her sixt pects to start by investing a certain amount, C, on her twenty-third bis the payment by 10 percent each year. She feels she can safely invest compounded. (a) How much should her initial investment, C, be? (b) n for this problem is
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please dont solve with excel . solve with p/a f/a.
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- Q)A civil engineer planning for her retirement places 11% of her salary each year into a high-technology stock fund. If her salary this year (end of year 1) is $200,000 and she expects her salary to increase by 4% each year, what will be th future worth of her retirement fund after 14 years provided it earns 8% per year? Explain it correctly typed or handwriting. Not solve in excel works.(b) A mechanical engineer who is planning for his daughter's college education plans to start depositing money now (year 0) and continue through year 17. If he deposits RM 5,000 each year, (i) Determine how much will his daughter be able to withdraw each year starting in year 18 and continuing through year 22? Assume the account earns interest at 10% per year.vnt.2 Debbie is 22. She wants to invest part of her monthly salary in order to have $760,000 when she retires at 66. Suppose that she invests the money in a fund paying interest at an annual rate of 5.4%, compounded continuously. Assume a continuous money flow, then Debbie needs to invest $ _______ per month. (Round the answer to an integer at the last step.)
- 21)Today is your 21st birthday, and you are opening up an investment account. Your plan is to contribute $2,000 per year on your birthday and the first contribution will be made today. Your 45th, and final, contribution will be made on your 65th birthday. If you earn 10 percent a year on your investments, how much money will you have in the account on your 65th birthday, immediately after making your final contribution? Do not use MS Excel for solution.Scarlett is considering investing $10,000 she will receive from a trust fund when she turns 25 years old. If she invested the money for three years at 4% per year, compounded annually, what would her investment be worth at the end of three years? Note: Assume this problem uses Compounding Interest (compounded annually), NOT Simple Interest. $10,400 $11,200 $11,249 O $10,8161) Suppose that you want to create a "college fund" for your newborn child and place $300 in a bank account at the end of each of the next 20 years. If that account earns an annual rate of return of 7%, how much will be in that account at the end of the twentieth year? A) $13,420.00 B) $12,977.53 C) $13,178.20 D) $11,828.32 E) $12,298.65
- 1. Abbigail wish to establish a trust fund from which her daughter can withdraw $6,000 every six months for 15 years, when she reach 16 years old. At the end of which time she will receive the remaining money in the trust, which you would like to be $25,000. The trust will be invested at 6% per annum compounded semi-annually. How large should the trust be? 2. Dennis McDonald has just started working with the NCB as a sales representative and is just trying to catch up on having money for retirement. NCB offers him a pension plan with an annuity that is guaranteed to earn 11% interest compounded annually. She plans to work for 12 years before retiring and would then like to be able to draw an income of $110,000 per annum for 16 years. How much must be deposited per annum into his retirement fund to accomplish this? DO NOT USE EXCEL TO ANSWER DO NOT USE EXCEL SHOW ALL WORKINGS1. A civil engineer planning for her retirement places 10% of her salary each year into a high-technology stock fund. If her salary this year (end of year 1) is $160,000 and she expects her salary to increase by 3% each year, what will be the future worth of her retirement fund after 15 years provided it earns 7% per year? 2. A company that manufactures purgable hydrogen sulfide monitors will make deposits such that each one is 7% larger than the preceding one. How large must the first deposit at the end of year I be if the deposits extend through year 10 and the fourth deposit is $5550? Use an interest rate of 10% per year.2. (a) A college student, Amy, decides to fund a retirement account with $2000 per year for 8 years, with the first deposit made one year from today. The rate of return will be 10%. How much will she have in her account when she retires in 40 years? (b) Amy’s friend, Dacio, decides he will start funding his retirement account 8 years from now (first payment in 9 years). He then will invest $2000 each year for 32 years. If his rate of return is 10%, how much will he have when he retires in 40 years?
- b) You would like to give your daughter $75,000 towards her college education 17 years from now. How much money must you set aside today for this purpose if you can earn 8 percent on your investments? What should be the annual equal payments to achieve the same objective?(d) Gabrielle needs $200,000 in eight years. She has set up a sinking fund that earns 5% compounded monthly in order to have the amount in eight years? (1) How much should she deposit each month? (ii) How much interest is earned over the period?Saleh is considering an investment that will pay $5,000 a year for 7 years, starting one year from today. How much should she pay for this investment if she wishes to earn a 12 percent rate of return? a. $17,899.08 b. $18,023.88 c.. $20,186.75 d. $22,818.78