Gail decided that in six years she would leave her job in publishing and retire to Arizona. What amount should Gail invest today, so that she will be able to withdraw $50,000 at the end of each year for 30 years after she retires? Assume she can invest money at 5%, compounded annually.

Q: Carla Lopez deposits $3,000 a year into her retirement account. If these funds have an average…

A: Annual deposit = $3,000Interest rate = 5%Number of years = 50Value of the retirement account is the…

Q: Phil Nelson’s uncle has decided to retire to Arizona in 12 years. What amount should he invest today…

A: first calculate the amount needed when he retires FV = 0 PMT = 32000 N = 17 rate = 7% use PV…

Q: Julie has just retired. Her company's retirement program has two options as to how retirement…

A: Solution 1a: Present value of first option = Lump sum immediate payment = $158,000 Present value of…

Q: A civil engineer planning her retirement will deposit 10% of her salary each year into a…

A: Using formulae, Future Value =Present Value * (1+rate)^n Where n = no. of years till end

Q: Despite his relative youth, Samuel Hunter has started planning for his retirement. At present, he…

A: Given:  Annual investment = $3,000  Period, n = 40 years  Interest rate, r = 4%    a.  The…

Q: Marilyn wishes to retire at age 65 with $2,000,000 in the bank. At the age 21, she decides to begin…

A: Calculate the monthly payments as follows:MS-Excel --> Formulas --> Financials -->PMT

Q: Abigail wishes to establish a trust fund from which her daughter can withdraw $6,000 every six…

A: Present value is the current date value of the future expected cash flows of the annuity fund.…

Q: Sherry has a goal of retiring with $332,418 by making weekly deposits into an investment account…

A: Future value = $ 332,418Annual rate = 1.4%Number of years= 23Number of weeks = 23*52 = 1196

Q: expects to retire in 30 years. She has decided that she would like to retire with enough money in…

A: The present value of money to be received in the future would give the amount of retirement money…

Q: Destiny invests $20,000 today into a retirement account. She expects to earn 7 percent, compounded…

A: The FV of an investment refers to the value of the cash flows of the investment at a future date…

Q: Sherry has a goal of retiring with $375,394 by making weekly deposits into an investment account…

A: Present value =Future amount/(1+r)n n=29 years  r=rate of interest =1.4%

Q: Jane is planning a wedding anniversary gift of a trip to Hawaii for her husband at the end of 3…

A: Compounding refers to the factor that allowed investors to generate higher returns on the investment…

Q: Bill O’Brien would like to take his wife, Mary, on a trip three years from now to Europe to…

A: Future value:

Q: Lynn estimates that when she retires at age 60, she will have $165,766.18 in her retirement account.…

A: Amount at the time of retirement = $ 165766.18 Expected Life as per Lynn = (85-60) + 3 = 28 Years…

Q: Bernie Long wants to retire to California when she is 60 years of age. Bernie is now 40. She…

A: The present value means the value of the investment from a future date. It is the amount that is…

Q: Sousan wants to save money for her retirement.  She plans on putting $200 into an Annuity each…

A: Formula:

Q: Your grandfather is retiring at the end of next year. He would like to ensure that his heirs receive…

A: Present value= Annual cash flows / Discounting rate= 96666.666666666666667= 96666.67 Approx

Q: Ms. Ieda Silva plans to retire in 28 years and expects to live for 25 years after retirement. She is…

A: we can use discounting techniques to value the monthly deposits.

Q: John and Denise are partners at a law firm. They have decided to set aside a fund for their loyal…

A: Compound = Monthly = 12Time = t = 10 * 12 = 120John Payment = jp = $100Interest Rate = r = 10 / 12 %

Q: ang Daiyu expects to retire in 30 years. She has decided that she would like to retire with enough…

A:

Q: As soon as she graduated from college, Kay began planning for her retirement. Her plans were to…

A: Retirement fund refers to the portion of the income which is saved by an individual for the purpose…

Q: vill retire in 40 years. They plan to spend $50,000 of their sav ithdraw coming at the end of the…

A: Present value refers to the worth of the amount in current times that is expected to be received in…

Q: A 40-year-old woman decides to put funds into a retirement plan. She can save $1,000 a year and earn…

A: We need to calculate the persent value of annuity  by using this formula.    PV of annuity =CF*…

Q: Six years ago, Gladys opened a retirement account with an initial deposit of $14,000. Each year…

A: The present value refers to the current worth of a sum of money to be received in the future,…

Q: re in 20 years. She opens up a retirement account with an APR of 5.25% compounded monthly. She will…

A: There is need of proper planning for the retirement and if there is proper planning on time better…

Q: After retiring, Valeria wants to be able to withdraw $36,500.00 every year from her account for 27…

A: Amount to withdraw every year "PMT"  is $36,500 Time period "N" is 27 years Interest rate "I/Y" is…

Q: Kate is 28 years old today and is beginning to plan for her retirement . She wants to set aside an…

A: Computation:

Q: Sherry has a goal of retiring with $427,480 by making weekly deposits into an investment account…

A: Given :- future value = $427,480Annual interest rate= 1.1% compounded weeklyExplanation:We know that…

Q: Janet Woo decided to retire to Florida in 6 years. What amount should Janet invest today so she can…

A: The financial assistance and cash that people get throughout their retirement years are referred to…

Q: Andrea, a self-employed individual, wishes to accumulate a retirement fund of $250,000. How much…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: After retiring, Rachael wants to be able to withdraw $30,000.00 every year from her account for 29…

A: Annuity means no. of finite payments of equal value or amount made in equal time period. Person…

Q: Joanne is retiring this year. When she started saving 40 years ago, she planned to invest $1,000 per…

A: The FV of an investment refers to the cumulative worth of the investment's cash flows at a future…

Q: travelling. Her bank account pays 4.99% compound inter How much interest will Sandra receive from th…

A: interest can be calculated from future value and present value =Difference between future value and…

Q: Amina needs$________ in her account when she retires. How much total money will Amina pull out of…

A: Present Value of Annuity: It represents the present worth of the future stream of annuity cash…

Q: A woman is planning for retirement in 30 years and decides she can deposit $6,000 each year on…

A: An Annuity Due is a stream of regular periodic payments made at a beginning of period for a…