Donovan retires. If Donovan earns 11% on his investments, ow large must an equal, end-of-year deposit must be to provide the cash needed to buy the home 21 years from now?

1. Armando retired when he was 58 years old and began receiving annuity. The annuity pays him $800 per month for life from a qualified retirement plan from his former employer. The annuity began in on January 1, 2020. His investment in the annuity contract was $90,000. What is the amount of Armando's taxable income from this annuity contract for 2023? Show your work. Taxable amount for 2023 2. If Armando dies in 2049, what would be his taxable income from this annuity in tax year 2048? Taxable amount for 2048

Four years ago, Leroy invested $12,600.00. Today, he has $20,700.00. If Leroy earns the same annual rate implied from the past and current values of his invsetment, then in how many years from today does he expect to have exactly $50,600.00 O 7.20 years (plus or minus 0.05 years) 7.57 years (plus or minus 0.05 years) O 6.25 years (plus or minus 0.05 years) 11.20 years (plus or minus 0.05 years) None of the above is within .05 percentage points of the correct answer

65. Starting at age 25, Markus invests $2000 at the end of each year in an IRA with an APR of 7.5% compounded annually. How much money is in Markus's retirement account when he retires at the age of 65? (Assume that his 40th and last deposit generates no interest.)

Ed Long promised to pay his son $320 semiannually for 12 years. Assume Ed can invest his money at 6% in an ordinary annuity. How much must Ed invest today to pay his son $320 semiannually for 12 years?