10.    Best Motors has hired Robert Trent as its new president. Terms included the company’s agreeing to pay retirement benefits of $17,900 at the end of each semiannual period for 12 years. This will begin in 4,015 days. If the money can be invested at 8% compounded semiannually, what must the company deposit today to fulfill its obligation to Robert?

1) Your job pays you only once a year, for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $75,000 and you plan to spend all of it. However, you want to start saving for retirement beginning next year. You have decided that one year from today you will begin depositing 10 percent of your annual salary in an account that will earn 9.5 percent per year. Your salary will increase at 3.4 % per year throughout your career. How much money will you have on the date of your retirement 35 years from today? Give typing answer with explanation and conclusion

1. Company has an plan to provide a pension plan for its one employee. They plan to start saving on 12/31/2020 and will save the same amount at the end of each year for 4 years ending at 12/31/2023. Once the money is accumulated on 12/31/2023. They will place in in an investment that will earn 9% annual interest. The company will pay $6,000 at the start of year year starting 1/1/2025 and continuing 4 more years to 1/1/2029 total of 5 payments. How much money will the company need to have collected at 1/1/2024 in order to start payming the annuity of $6,000 a year earning 9% annual interest rounded to the nearest full dollar? my answer was $30,000 or $66,6667. What am I doing wrong or how do I calculate this question? 2. If the amount of money the company sets aside is $25,000 at 12/31/2023 then if the amount the company needs to set aside every year is $5,887 starting 12/31/2020 then what interest does this account earn annually? my answer was 6% but I don't think that is correct how…

A self-employed internet security specialist deposits $2,000 at the end of every month into a simplified employee pension (SEP) account that earns 4.8% interest compounded monthly. What is the value (in dollars) of the SEP in 25 years? (Round your answer to the nearest cent.)

In January, you start a job with Acme manufacturing at salary of $66,000 per year paid in equal amounts over 12 months. You have negotiated for a guaranteed 3% raise each year while you work at Acme and you decide to save 10% of your monthly income for retirement. Assume interest equals 1%/month compounded monthly. What is the balance of your retirement account at the end of five years?

5. Determine the lump-sum amount needed to generate a retirement income of $30,000 per year for 20 years, assuming interest at 5% per year, compounded annually. 6. A furniture retailer offers a payment plan at 8.8% annual interest, compounded monthly. Customers can pay for a living room set by monthly payments of $288.15 for 2 years. a) Determine the total payments made by the customer to pay off the living room cot ))

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You work for a firm that is offering a new retirement for employees. The insurance fund estimates the fund requires $ 7,500,000 in 10 years. The company earns 7%. How much must the deposit today to cover the Balance due in 10 years?

22. Marcia Kincaid has just begun working for a company that offers a pension plan. This plan guarantees 5.4% per year compounded monthly. She wants to retire in 35 years and then collect $5400 per month for 20 years. How much must she and her company together deposit in the account at the end of each month?