A man wishes to set aside money for his retirement at the age 60 in a fund which will have an amount equivalent to P50k with today’s purchasing power. The estimated inflation rate is 6.5%. If the fund will earn 9% compounded annually what amount should he invest now on his forty- fifth birthday?

In wisely planning for your retirement, you invest $35,000 per year for 20 years into a 401k tax-deferred account. Assume you make a real return of 10% per year when the inflation rate averages 3.4% per year. How many future dollars will you have in the account immediately after your last deposit? You will have $ 3788484. future dollars in your account immediately after your last deposit.

Your grandparents would like to establish a trust fund that will pay you and your heirs $175,000 per year forever with the first payment one year from today. If the trust fund earns an annual return of 3.4 percent, how much must your grandparents deposit today?

To accumulate $100,000 for your child's 18th birthday, you need to invest a certain amount annually, excluding the 5th birthday deposit. The first deposit is made the day your child is born. To find this amount (X), considering a 8% annual rate of return:

Allen is planning for his retirement pension fund. He expects to receive £20,000 a year for 30 years during his retirement. If the interest rate remains constant at 2%, how much should be in his pension fund by the time he retires? O £571,428 O £630,000 £456,888 O £1,000,000

Your uncle is about to retire, and he wants to buy an annuity that will provide him with $97,000 of income a year for 20 years, with the first payment coming immediately. The going rate on such annuities is 5.45%. How much would it cost him to buy the annuity today?   a. $1,192,059.14     b. $1,164,011.03     c. $1,195,837.87     d. $1,261,011.03     e. $1,227,449.63

Your grandparents would ilke to establish a trust fund that will pay you and your heirs $125,000 per year forever with the first payment 10 years from today. If the trust fund earns an annual return of 2.4 percent, how much must your grandparents deposit today?

Your father has promised to give you Rs 2,00,000 in cash on your 30th birthday, today is your 21st birthday. He wants to know the following things: If he decides to make annual payments into a fund after one year, how much will each have to be if the fund pays 8 %? If he decides to invest a lump sum in the account after one year and let it compound annually, how much will the lump sum be? If he decides to invest a lump sum in the account now and let it compound annually, how much will the lump sum be? Assume 8% rate of interest in each case.

For planning purposes, an individual wants to be able to spend $90,000 per year, at the end of each year, for an anticipated 30 years in retirement. In order to fund this retirement account, he plan to make annual deposits for 20 years at the end of his each working year. What is the amount he need deposit each year to fund his desired retirement spending? Use 10% as an annual simple rate for all calculations.

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