Tyler Winkle's employer in Pittsburgh makes a matching contribution of $2,000 a year to his 401(k) retirement account at work. If the dollar amount of the employer's contribution increases 6 percent annually, how much will the employer contribute to the plan in the twentieth year from now? Round Future Value of a Single Amount in intermediate calculations to four decimal places

How do I solve the following: An employee that has 35 years until retirement has a current salary of $30,000 per year. The employee's wages are expected to increase by 5% annually over the next 35 years. The employer has a defined benefit pension plan in which a worker’s annual pension benefit is equal to 2% of the employee's final year’s wage for each year of employment, multiplied by the number of years of employment. The employee's expected annual pension benefit is calculated as $115,836.32. The cmpany contributes to the pension plan each year for the next 35 years. Assume 10% actuarial rate of return, and 30 years of retirement life. At the employee's time of retirement, what does the accumulated amount in the employee's pension plan have to be in order to meet the employee's annual pension benefit each year in 30 years?

Linda's salary is $49000 a year. As a part of it's incentive program the company decides to give her a raise of $1000 every year. What is the discounted value of her income for the next 11 years at j₁ = 6.2%? To keep things simple, assume Linda is paid her entire salary at the end of each year. Answer: $

Your company’s pension plan earns 4.3 % interest per year, compounded quarterly.      a)  You would like to receive payments of $40,000 quarterly while retired.  If you would like these payments paid out over 25 years, what amount of money will you need in your pension fund at the beginning of your retirement years?     Give the answer correctly to 2 decimal places, and do not use the $ sign in the answer box. The money you will need at the beginning of your retirement years is  Blank 1. Calculate the answer by read surrounding text. dollars.        b)  Use your answer from part a to help you to determine how much you should put into your pension fund quarterly during your working years to reach your retirement goals.  Assume you are planning to work for 30 years.     Give the answer correctly to 2 decimal places, and do not use the $ sign in the answer box.     The amount you should deposit quarterly during your working years is  Blank 2. Calculate the answer by read surrounding text.…

A couple is planning to finance its three-year-old son's university education. Money can be deposited at 10% compounded quarterly. What quarterly deposit must be made from the son's 3rd birthday to his 18th birthday to provide $8000 on each birthday from the 18th to the 21st? (Note that the first deposit is made three months after the 3rd birthday and the last deposit is made on the date of the first withdrawal.) Answer:

OHaganBooks.com has just introduced a retirement package for its employees. Under the annuity plan operated by Sleepy Hollow, the monthly contribution by the company on behalf of each employee is $700. Each employee can then supplement that amount through payroll deductions. The current rate of return of Sleepy Hollow's retirement fund is 7.1%. Jane Callahan, the website developer at OHaganBooks.com, plans to retire in 10 years. She contributes $1,000 per month to the plan (in addition to the company contribution of $700). Currently, there is $40,000 in her retirement annuity. How much (to the nearest dollar) will it be worth when she retires? (Assume interest is compounded monthly.) $

One month from​ now, Kelly will make her first monthly contribution of ​$250250 to a​ Tax-Free Savings Account​ (TFSA). She expects to earn 88​% compounded annually. How long will it take for the contributions and accrued earnings to reach ​$65 comma 00065,000​?

Paul intends to retire in 15 years and would like to receive $1,500 every month for 20 years, starting at the end of the first month in which he retires. How much must he have at the beginning of retirement if interest is 5% compounded annually? Select one: a. $191,834.03 b. $229,415.16 c. $228,235.00 d. $227,287.97 e. $230,349.83

Your employer contributes $500 per month, at the beginning of each month, to a retirement fund on your behalf. The contributions earn interest at a rate of 6% per year, compounded monthly. At the end of twenty years, what will be the balance of the fund? Group of answer choices $69,790 $232,175 $70,139 $220,713 $231,020

A couple is planning to finance its three-year-old son's university education. Money can be deposited at 9% compounded quarterly. What quarterly deposit must be made from the son's 3rd birthday to his 18th birthday to provide $10000 on each birthday from the 18th to the 21st? (Note that the first deposit is made three months after the 3rd birthday and the last deposit is made on the date of the first withdrawal.) (keep 2 decimal places) Answer: