Question 2 You plan to retire 33 years from now. You expect that you will live 27 years after retiring. You want to have enough money upon reaching retirement age to withdraw $180,000 from the account at the beginning of each year you expect to live, and yet still have $2,500,000 left in the account at the time of your expected death (60 years from now). You plan to accumulate the retirement fund by making equal annual deposits at the end of each year for the next 33 years. You expect that you will be able to earn 12% per year on your deposits. However, you only expect to earn 6% per year on your investment after you retire since you will choose to place the money in less risky investments. Required: Calculate the equal annual deposits you must make each year to reach your retirement goal.

PART 1  Rajesh and Priya plan to retire at age 60 with a retirement income of $48,000 a year from their savings.  Rather than pay themselves the whole amount at the beginning of each year, they have decided that withdrawing payments of $12,000 at the beginning of each quarter of gives them the right balance of liquidity and maximized interest earnings.  They feel they can safely earn an interest rate of 5.75%, compounded quarterly, on their money and they are budgeting based on the prediction that they will live until they are 90 years old.    How much money will they have to have saved by the time they are 60 and ready to begin their retirement, in order fulfill this plan? If the same total calculated above was to be saved, but no interest earned whatsoever, how much would be available to live on each quarter? If the full 30 years are lived and quarterly budget spent, how much money in total will have been utilized in retirement? How much will have been earned in interest? PART 2…

Please show every step please and thankyou

Question 1  Your salary for the coming year is $100,000 (payable one year from now) and you expect to work for another 30 years. You expect your annual base salary to grow at a 4% annual rate during the remainder of your career. Your company's pension plan calls for you to receive a yearly pension payment after you retire equal to 25% of your final year's base salary. The first payment will be made one year after your retirement, and you expect to live for twenty years after your retirement. The interest rate is 8% per year.  a) What is the amount of the yearly pension payment that you can expect to receive under this plan (assume that you will receive your $100,000 base salary payment one year from now)?  b) Now suppose you are contemplating a switch to a new employer. The new employer will match your annual base salary, and you can expect this to grow at a 4% annual rate until your retirement. However, the new employer offers no pension plan. The new employer offers to pay you a flat…

QUESTION 5 Carl plans to retire in 4 years with $519,000.00 in his account. If he receives payments of $114,705.29 per year and he receives his first $114,705.29 payment in 4 years and his last $114,705.29 payment in 8 years, then what is the expected annual return for his account? O 12.91% (plus or minus 1 bps) O 3.43% (plus or minus 1 bps) O 5.26% (plus or minus 1 bps) O 8.71% (plus or minus 1 bps) O none of the answers are within 1 bps of the correct answer

Creating a retirement fund Personal Finance Problem To supplement your retirement, you estimate that you need to accumulate $220,000 exactly 45 years from today. You plan to make equal, end-of-year deposits into an account paying 8% annual interest. a. How large must the annual deposits be to create the $220,000 fund by the end of 45 years? b. If you can afford to deposit only $440 per year into the account, how much will you have accumulated in 45 years? (---) a. The annual deposits to create the $220,000 fund by the end of 45 years should be $. (Round to the nearest cent.)

Question 20 Ashley turned 30 today, and she is planning to save $3,000 per year for retirement, with the fest deposit to be made one year from today. She will invest in a mutual fund, which she expects to provide a return of 1.30% per year throughout her lifetime. She plans to retire 35 years from today, when she turns 65, and she expects to live for 30 years after retirement, to age 95. Under these assumptions, how much can she spend in each year after she retires? Her first withdrawal will be made at the end of her first retirement year, and she plans on leaving no money to her hers Your answer should be between 28,000.00 and 95,225.00, rounded to 2 decimal places, with no special characters.

QUESTION 1 Mr Abdul Wahid, an engineer, plans to retire in 25 years. Thus, he decides to make an investment for his retirement. He has the choice of either contributing RM2,400 at the end of every year for 25 years at 6% compounded annually or contributing RM200 at the end of every month at 6% compounded monthly. Determine a) c) b) b) c) the accumulated amount that Mr Abdul Wahid will have in 25 years if he makes annual contributions. QUESTION 2 (4 marks) the amount that Mr Abdul Wahid will have in 25 years if he makes monthly contributions. (3 marks) (3 marks) which investment that would earn a greater amount of interest. Kumar decides to buy Proton X70 which costs RM128,800. He makes a down payment of RM20,000 and the balance will be financed through a bank at 4.5% compounded monthly Kumar agrees to pay back the loan by making equal monthly payments for 9 years. a) Calculate the monthly payments and the interest charged. (4 marks If Kumar fails to pay the first 2 monthly payments,…

Finance • You plan to retire in 30 years. • In 50 years, you want to give your daughter a $500,000 gift. • You will receive an inheritance of $200,000 in 25 years. • You think you will want $50,000 per year for 30 years when you retire (the first withdrawal will come one year after retirement). • You will begin saving an amount to meet your retirement goals one year from today, and your last contribution will be in 30 years. Required: • If you think you can make 9% on your investments, how much will you need to save each year for the next 30 years to meet your retirement goals?

Retirement planning 10. Your sister turned 35 today, and she is planning to save $5,000 per year for retirement, with the first deposit made one year from today and the last deposit made on her 65th birthday. She currently has no retirement savings. She will invest in a mutual fund, which she expects to provide a return of 10% per year throughout her lifetime. She plans to retire 30 years from today when she turns 65. She will make a total of 20 annual withdrawals with her first withdrawal made on her 66th birthday, and the last withdrawal made when she is 85. After the last withdrawal there will be $500,000 left in the account. Under these assumptions, how much can she spend in each year after she retires? a. $71,880.34 b. $79,888.38 C. $83,882.80 d. $87,877.22 e. $98,125.22