How much must she invest today to achieve this goal?

Carol wants to have $13,000 when she turns 30. Right now, she's 23 (7 years difference). She has $5,500 that she can invest in a mutual fund. If she leaves the money in this account for the full 7 years and it earns 12.5%, compounding quarterly, how much will be in the account? Group of answer choices $13,134.24 $13,018.28 $10,312.50 $2,323.66 Please answer using an excel formula.

Sheldon Cooper and Amy Fowler are married and live in Pasadena, California. They have as a new investment goal to create a college fund for their newborn daughter. They estimate that they will need $195,000 in 18 years. Assuming that the Cooper-Fowler family could obtain a return of 5 percent, how much would they need to invest annually to reach their goal? Use Appendix A-3 or the Garman/Forgue companion website. Round your answer to the nearest dollar. Round Future Value of a Series of Equal Amounts in intermediate calculations to four decimal places.

Assume you are working with the foundation to fund a scholarship in your name. Currently, the foundation can earn a 5 percent return on any donations. A. How much money would you need to donate to fund a scholarship that pays $25,000 every year forever, starting one year from now? B. How much money would you need to donate if the foundation could increase their return to 7 percent on any donations?

Don't answer by pen paper and don't use chatgpt otherwise we will give dounvote

Michelle wants to set aside funds to take an around the world cruise in 7 years. Michelle expects that she will need $26500 for her dream vacation. If she is able to earn 8% per annum on an investment, how much will she have to set aside today so that she will have sufficient funds available? O $15462. O $14316. O $2970. O $45414.

(Click on the into a spreadsheet.) Annuity B C Premium paid today $24.098.32 $22,274.30 $31,240.13 $30,150.95 Annual benefit $3,200 $4100 $4,000 $4,200 Life (years) 20 10 15

16 Mary Alice just won the lottery and is trying to decide between the options of receiving the annual cash flow payment option of $390,000 per year for 25 years beginning today, or receiving one lump-sum amount today. Mary Alice can earn 6% investing this money. At what lump-sum payment amount would she be indifferent between the two alternatives? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1,PVA of $1, FVAD of $1 and PVAD of $1)

Emily Amarrada of Sioux City, South Dakota has accepted a new job and is thinking about cashing out the $36,000 she has built up in her employer's 401(k) plan to buy a new car. If, instead, she left the funds in the plan and they are projected to earn 3 percent annually for the next 30 years, how much would Emily have in her plan? Round Future Value of a Single Amount in intermediate calculations to four decimal places

BE6.5 (LO 3) Sally Medavoy will invest $8,000 a year for 20 years in a fund that will earn 6% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end, what amount will be in the fund in 20 years? BE6.6 (LO 3) Steve Madison needs $250,000 in 10 years. How much must he invest at the end of each year, at 5% interest, to meet his needs? BE6.7 (LO 2) John Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. He estimates that the boat he wants will cost $300,000 when he retires in 5 years. How much must he invest at an annual rate of 8% (compounded annually) to buy the boat at retirement? BE6.8 (LO 2) Refer to the data in BE6.7. Assuming quarterly compounding of amounts invested at 8%, how much must be invested to have enough at retirement to buy the boat? BE6.9 (LO 3) Morgan Freeman is investing $9,069 at the end of each year in a fund that earns 5% interest. In how…