Problem 5-19 Future Value of Multiple Annuities (LG5-2) Assume that you contribute $250 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $500 per month for another 25 years. Given a 9.0 percent interest rate, what is the value of your retirement plan after the 50 years? (Do now round intermediate calculations and round your final answer to 2 decimal places.) Future value of multiple annuities

QUESTION 31 After he retires, Dewey would like to be able to withdraw $1,250 every week for a total of 30 years after he retires. If the account earns 5% interest, how much will Dewey need in his retirement account when he retires? Give your answer to the nearest dollar. Summarize the information provided, stating the interest rate in a decimal form. d = r = k = N = Identify the formula you will use to solve by writing the letter of the formula here: A. A = Po(1 + rt) B. PN = Po(1 + /k) Nk C. PN = d((1 + /k)Nk – 1) ("/k) %3D D. Po = d(1 - (1 +/k¬Nk) + ("/k) Solve the problem and give your answer here:

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Chapter 10 Discussion Q2 A perpetuity will pay $900 per year, starting five years after the perpetuity is purchased. What is the present value (PV) at time 0, given that the interest rate is 11%? Show your steps. A) $2695 B) $4312 C) $5390 D) $3234

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QUESTION 14 What’s the interest rate of a 8-year, annual $3,500 annuity with present value of $20,000? (Use a time value of money calculator or a spreadsheet. Round your answer to 2 decimal places.) ANNUITY INTEREST RATE                %