ach year. At the end of each year for the next 20 years, Chelsea plans to deposit 10% of her nnual salary in a retirement account is paying 6% interest compounded monthly. etermine the amount Chelsea will have in the account at the end of the 20 years.

Sally has decided to invest $70 at the end of each mouth into a retirement plan that has an annual rate of 5.6%, compounded monthly. If Sally continues her investments for a period of 9 years, how much money will she have in the plan?

Shelly deposits the $2000 she got as a birthday gift from her grandmother into an account earning 3.6% interest compounded monthly. She decides to also deposit $200 at the end of each month into the same account. How much will be in the account in 10 years?

Cena deposits a certain amount of money into his family’s savings account at the beginning of each quarter for the next 4 years. He wishes to have $100,000.00 after 4 years. The interest rate is 8% compounded quarterly. How much does he need to deposit at the beginning of each quarter? Create an amortization table.

At the end of each year a self employed person deposits 1500 in a retirement account that earns 10 percent annually. How much will be in the account when the individual retires at age 65 if the savings program starts when the person was age 45?

When Angela retires in 14 years, he wants to receive $750.00 payments at the start of every month for 27 years from his RIF that earns 3.00% compounded semi-annually. a. What must the balance be in Angela's RIF in order to sustain the $750.00 payments? Round to the nearest cent 8 b. What beginning of quarter deposits does Angela have to make into his RRSP that earns 2.40% compounded quarterly for the 14 years until he retires? Round to the nearest cent

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

Anna decides to save Php 2 750 at the end of every 6 months, which is the amount paid into her retirement plan by the company where she works. If she chooses an investment fund that guarantees 8% per year compounded semiannually, how much will she have in 10 years

4. Amy Johnson wants to retire on $75,000 per year for her life expectancy of 20 years after she retires. She estimates that she will be able to earn an interest rate of 10.1%, compounded annually, throughout her lifetime. To reach her retirement goal, Amy will make annual contributions to her account for the next 30 years. One year after making her last deposit, she will receive her first retirement check. How large must her yearly contribution be?

Seanna O'Brien receives pension payments of $3, 100 at the end of every six months from a retirement fund of $ 47,000. The fund earns 8% compounded semi - annually. (a) How many payments will Seanna receive? (b) What is the size of the final pension payment?