문제 8 Duane and Thad plan on retiring 27 years from to day and plan to have the same amount saved at t hat time. In preparation for this, Duane is depositi ng $15,000 today at an annual interest rate of 5.2 percent. How will Thad's deposit amount vary fro m Duane's if Thad also makes a deposit today bu t earns an annual interest rate of 6.2 percent? 하나를 선택하세요. a. $4,333.33 less b. $3,417.09 more c. $4,274.12 less d. $3,381.39 less dlgkswn557 e. $4,118.42 more Swn557

문제 8 Duane and Thad plan on retiring 27 years from to day and plan to have the same amount saved at t hat time. In preparation for this, Duane is depositi ng $15,000 today at an annual interest rate of 5.2 percent. How will Thad's deposit amount vary fro m Duane's if Thad also makes a deposit today bu t earns an annual interest rate of 6.2 percent? 하나를 선택하세요. a. $4,333.33 less b. $3,417.09 more c. $4,274.12 less d. $3,381.39 less dlgkswn557 e. $4,118.42 more Swn557

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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8
Dick Eckel recently set up a TDA to save for his retirement. He arranged to have $135 taken out of each of his biweekly checks; it will earn 9 7/8% interest. He just had his twenty-ninth birthday, and his ordinary annuity comes to term when he is 65. Find the following. (a) The future value of the account$ (b) Dick's total contribution to the account$ (c) The total interest$
22 Marvin plans to retire at the end of this year (2022). His expected life expectancy is 25 years after retirement. Marvin ut of has come to you, his financial advisor to learn how much he uestion should deposit on December 31, 2022 to be able to withdraw $4,000 at the end of each month for the next 25 years. Assuming the amount on deposit will earn annual interest of 2% compounded monthly, how much should Marvin deposit on December 31, 2022 in order to achieve his retirement plan? O a. $1,555,284.50 O b. S865,405.73 Oc $943,720.43 O d. $790,696,14
Q3) Mr. Clifton Chen, aged 39, recently purchased an endowment plan from an insurer that requires him to set aside $25,000 per year for the next 23 years till he retires at age 62. The first premium payment occurs at the beginning of the period. Assuming an inflation rate of 2% and an estimated rate of return of 3.2% from the endowment plan, what is the estimated future value of Clifton’s regular savings at age 62?
Sergio plans to retire in 15 years. He would like to have $250,000 in his retirement account. If he invests in a plan that pays 4.69% interest compounded monthly, how much should he contribute monthly? a. $138.89 b. $277.88 c. $959.77 d. $560.23
Note: Dont "t Post Image with answer Jim Fortunate received a large insurance settlement of $ 200,000. When Jim retires in 25 years, he would like to have at least $80,000 yearly income for 10 years. A local bank pays 6% interest compounded semiannually on a certificate of deposit. How much of the settlement Must Jim place in the bank to meet his retirement goal?
Question 3: 1 Salem wishes to withdraw AED 30,000 at the end of each year of the next 6 years from his bank account that pays 10% interest compounded annually. Required: a. How much does Salem need to invest today to meet this goal? b. Which annuity (ordinary annuity or annuity due) is better for Salem's situation
1. Today, the maximum amount of money that Ramesh is willing to pay for a certain perpetuity is $2,000. Assuming the interest rate and the annual payments remain the same, what is the maximum amount of money that Ramesh should be willing to pay for the same perpetuity exactly two years from today? a. Any amount greater than $2000.00 but less than $2332.80, if the discount rate is more than 8% p.a. \ b. Any amount greater than $1714.68 but less than $2000.00 if the discount rate is less than 8% p.a. c. Any amount less than $1714.68 if the discount rate is less than 8% p.a. d. Any amount greater than $2332.80 if the interest rate is more than 8% p.a. e. None of the answers listed above is correct.
10) Vanessa wants to withdraw $8,000 each year from July 1, 2025 through July 1, 2029. The investment fund earns interest at a rate of 5%. In order to make these withdrawals, Vanessa will invest an annuity on July 1, 2021 through July 1, 2024. Calculate the annuity Vanessa needs to invest each year. Yellow Company purchases a truck on January 1, 2021. According to the contract Yellow will not make any payments in 2021, 2022 and 2023. Yellow is to make an annuity payment of $5,000 starting December 31, 2024 through December 31, 2028. Calculate the cost of the truck. 11) Stella has $3,000,000 in her investment fund. She wishes to withdraw $338,868 12) at the end of each of the next 13 years. What interest rate must she earn in order to accomplish her goal. A note receivable that is due in 15 months from now is always classified as a 13) long-term asset. (True/False) 14) A long-term note receivable should be disclosed in Other Assets in a classified balance sheet. (True/False)
6.
Deline inherits Goo coo. She decides to have it pond to her in two payments: one payment four years from now and the Second Payment twice the size of the payment light years from now, if money is worth 12,6% Compounded Quarterly, then the amount of money that Delive expects to receive eight years from now is? A. R888 783,67 B 888 317,96 C 444 391,83 D. 442 658198
9

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