Eddie has $60,000 saved for retirement. This is currently invested in a conservative Balanced Fund paying 5% annually. He recently discovered an extra $300 in his budget each month. To prepare for his retirement in 20 years, he decided to invest in 2 additional stock mutual funds ($150 in each) to ensure he didn't put all his eggs in one basket. He expects his International Equity Fund to return 8% annually over his time horizon. He expects his Aggressive Growth Stock Fund to return 10% annually over the same time. When he is ready to retire, determine what his TOTAL portfolio will be worth.

Dear Financial Adviser, My spouse and I are each 62 and hope to retire in three years. After retirement we will receive $9,100 per month after taxes from our employers' pension plans and $3,100 per month after taxes from Social Security. Unfortunately our monthly living expenses are $16,600. Our social obligations preclude further economies. We have $820,000 invested in a high-grade, tax-free municipal-bond mutual fund. The return on the fund is 5.0% per year. We plan to make annual withdrawals from the mutual fund to cover the difference between our pension and Social Security Income and our living expenses. Sincerely, Luxury Challenged Marblehead, MA You can assume that the withdrawals (one per year) will sit in a checking account (no interest) until spent. The couple will use the account to cover the monthly shortfalls. How many years before Luxury Challenged runs out of money? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Number of years

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.

Louis is 29 years old today. He is a conservative person, and is thinking about his retirement when he reaches the age of 72. He decides to invest $8,000 at regular annual intervals for 20 years, starting from today. The fund that he is investing in will give him a return of 7.7% per annum. He will then leave the money in the account to grow further until he retires when he is 72 years old. How much will Louis have in the fund when he turns 72? a. $2,262,482 b. $2,100,726 c. $ 2,325,007 d. $2,150.79 No excel please