What amount would you have at age 65 if you contributed $260 a month starting today at age 25 and you can earn 6 percent APR compounded monthly on your investment? If you were to delay this savings for 10 years when you're 35, how much would you then have at 65? (Do not round intermediate calculations. Round your final answer to 2 decimal places. Omit the "$" sign in your response.) Annual paynent at the end of 65 years, starting at 25 years Annual paynent at the end of 65 years, starting at 35 years

What amount would you have at age 65 if you contributed $260 a month starting today at age 25 and you can earn 6 percent APR compounded monthly on your investment? If you were to delay this savings for 10 years when you're 35, how much would you then have at 65? (Do not round intermediate calculations. Round your final answer to 2 decimal places. Omit the "$" sign in your response.) Annual paynent at the end of 65 years, starting at 25 years Annual paynent at the end of 65 years, starting at 35 years

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Assume you put $400 per month into a retirement account for 14 years, and the account has an APR of 3.01% compounded monthly. What is the account balance at the end of the 14 years? Round your answer to the nearest cent. How much of the money in the account at the end of the 14 years is your personal investment, meaning that the money came directly from you? How much of the money in the account at the end of the 14 years is interest? What percentage of the account balance after 14 years is interest? Hint: The percentage of interest in the account is equal to the amount of the account ballance that is interest divided by the base account balance. Multiply that result by 100 to get a percentage. Round your percentage to one decimal place.
You are planning to make monthly deposits of $340 into a retirement account that pays 9 percent annual interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 35 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value
Assume you contribute $210 per month to a retirement plan for 15 years. If contribute nothing else, and assuming a 6.4% interest rate, what is the value of the retirement plan 40 years from today? (Keep 2 decimals. For example, 1,008.51)
Suppose you plan to retire in 40 years. If you make annual contributions of $12,000 into your retirement account for the first 8 years, and no more contributions to the account for the remaining 32 years. If the retirement account earns a fixed 6% annual interest, how much will you have at your retirement? Question 10 options: $739,166 $766,466 $793,766 $811,766 $829,766 $851,966
How much will you need to invest annually to reach a savings goal of $300,000 at the end of 25 years, if you invest in an annuity that pays 5% interest, compounded annually? Enter your answer rounded to the nearest hundred dollars. Omit dollar sign and comma. ( 4,320.00 should be input as 4300).
In this exercise, we consider the effects of starting early or late to save for retirement. Assume that the account considered has an APR of 7.2% compounded monthly. Against expert advice, you begin your retirement program at age 40. You plan to retire at age 60. What monthly contributions do you need to make to reach a nest egg of $137,799.63 at retirement? (round to your nearest cent)
Catherine Dohanyos plans to retire in 20 years. She will make 20 years of monthly contributions to her retirement account. One month after her last contribution, she will begin the first of 10 years of withdrawals. She wants to withdraw $2400 per month. How large must her monthly contributions be in order to accomplish her goal if the account earns interest of 7.3% compounded monthly for the duration of her contributions and the 120 months of withdrawals? Question content area bottom Part 1 The amount of her monthly contributions must be Senter your response here. (Round to the nearest cent as needed.)
You deposit $11,700 annually into a life insurance fund for the next 10 years, at which time you plan to retire. Instead of a lump sum, you wish to receive annuities for the next 20 years. What is the annual payment you expect to receive beginning in year 11 if you assume an interest rate of 7 percent for the whole time period? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Annuities per year over the next twenty years Help
You make $10,000 deposit 1 year from now, $15,000 deposit 3 years from now and $20,000 deposit 5 years from now. You plan to retire 30 years from now. What monthly income you will receive due to these deposits over five years after the retirement? The first payment would be received at the end of the first month after the retirement and the last payment on the month ending the fifth year. The rate of return is 7.14%. Choices: $3,956.71 $9,221.89 $3,235.26 $4,267.06 $5,614.60
How to set this up in Excel?
Suppose you plan on saving money at the end of each month in an account that earns 6.6 percent compounded monthly. How much do you need to deposit each month to have a balance of $60,235 at the end of 9 years? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)
If you invest your retirement (any amount) yielding 8.53% per year, how many years will it take to triple (please enter your response with two significant decimal places - for instance 15.75 for 15.75 years)?

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