A client has $400,000 in an account that earns 10% per year, compounded monthly. The client's 35th birthday was yesterday, and she will retire when the account value is $1 million. At what age can she retire if she puts $300 per month into the account every month, beginning one month from today?

A young professional wishes to have $720000 in her retirement account. She invests $900 monthly in the account which earns 12% annually. Find the number of payments needed to reach her goal

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 $60,000 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 8 percent of your annual salary in an account that will earn 10 percent per year. Your salary will increase at 3 percent per year throughout your career. How much money will you have on the date of your retirement 40 years from today? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value

Annie would like a retirement income of $4,000 per month (beginning of month payments) for 23 years once she retires. How much must she have in her retirement account on the day she retires if the account can earn 4% compounded semi-annually? Your Answer: Answer