Waiting period. Susan Norman seeks your financial advice. She wants to know how long it will take her to become a millionaire. She tells you that she has $1,757 today and wants to invest it in an aggressive stock portfolio. The historical return on this type of investment is 18% per year. How long will she have to wait if the $1,757 is the only amount she invests and she never withdraws from the market until she reaches her $1 million? (Assume no taxes on the earnings.) What if the rate of return is only 13% annually? What if the rate of return is only 9% annually? (...) How long will Susan have to wait to become a millionaire if she invests $1,757 today at an annual rate of return of 18%? years (Round to two decimal places.)

Your client is 31 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save $14,000 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 11% in the future. If she follows your advice, how much money will she have at 65? Do not round intermediate calculations. Round your answer to the nearest cent. $   How much will she have at 70? Do not round intermediate calculations. Round your answer to the nearest cent. $   She expects to live for 20 years if she retires at 65 and for 15 years if she retires at 70. If her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement at each retirement age? Do not round intermediate calculations. Round your answers to the nearest cent. Annual withdrawals if she retires at 65: $  Annual withdrawals if she retires at 70: $

Jackie wants to retire with $ 2.1 million in savings by the time she turns 64. She is currently 23 years old. How much will she need to save each year, assuming she can get a 10% annual return on her investments? (show all inputs in your answer Training )M = N = I = PV = PMT = FV =

En Sahak wants to buy a new boat in 7 years. He expects the new boat will cost RM28,000. En Sahak has RM18,000 in an investment account today. What rate of return must En Sahak earn on his investments to be able to buy the boat on time?