You have just won the lottery and will receive a lump sum payment of $23.49 million after taxes. Instead of immediately spending your money, you plan to deposit all of the money into an account that will earn 5.53 percent. If you make equal annual withdrawals for the next 35 years, how much can you withdraw each year starting exactly one year from now? Multiple Choice $1.582.896.36 $1,451,56371 $1531835.19 $671342.86 $1,608,426.94

Suppose you have $1,000,000 in savings account when you retire. Your plan is to withdraw $6,000 a month as retirement income from this account.  You expect to earn annual interest of 5%, compounded monthly, on your money during your retirement.  How many months can you be retired until you run out of money? A-210.83 B-262.59 C-220.27 D-285.14

You would like to give your son $70,000 towards his college education 12 years from now. How much money must you set aside today for this purpose if you can earn 8% on your investments? B. $176.271.91 C. $27.797.96 A. $12.250.00 interest rate, you will triple your money in ately D. $3,688.65 E. $14.211.11

Suppose you invest $25 per week into an account that earns 2% compounded weekly.  You make the deposits at the beginning of each week.  If you continue to make these deposits for 40 years, how much will you save? Group of answer choices $73,443.56 $79,668.54 $53,040.00 $79,637.91

YOU ARE SAVING FOR A NEW HOUSE AND YOU PUT $1,000 PER YEAR IN AN ACCOUNT PAYING 25% COMPOUNDED ANNUALLY. THE FIRST PAYMENT IS MADE TODAY. HOW MUCH WILL YOU HAVE AT THE END OF 3 YEARS? Select one: a. 4761.625 b. 4766.625 c. 3025 d. 4765.63

Your bank is offering to finance your new car purchase for 7 years at 14.95%. If you were to borrow $27,000 for the car, what would your payment be?   $489   $520   $425   $460   $469

You have $81,455,75 in a brokerage account, plan to deposit on additional $21,000 and you Dat the end of each future your year until account reaches $500,000, You expect to earn. D9% annually on the account. How long will it take to reach your goal? ΑΑΑΑΑΑΑΑΑΑΑΔΔΑΔ ΔΔΔΔ Δ Δ ΔΔΔΔΔΔΔΔΑ You just received an inheritance worth $200,000. You want to retive in 30 years and you don't plan to make any additional contributions. If you feed $1,000,000 in order to retire, what interest rate must you earn in order to reach your goal? $300 at the end of each of the An investment will раз next 3 years, $150 at the end of Year 4, $500 at the end of Year 5, $100 at the end of Year 6, and 1. require a $400 payment at the end of Year 7. If other investment of equal risk earn 7% annually, what is the present value of the cash flow stream 1 Using the same information from question 5, what is the future value of the cash flow stream?

Calculate the present value of a retirement fund if you put $1,750 in your savings account at the end of each of each quarter for the next 35 years? Assume that your savings account pays 8% compounded quarterly. O $20,277.13 O$82,030.04 O $83,670.64 O None of the answers are correct

To pay for your​ education, you've taken out ​$24 comma 00024,000 in student loans. If you make monthly payments over 1212 years at 66 percent compounded​ monthly, how much are your monthly student loan​ payments?         Question content area bottom Part 1 Your monthly student loan payments are ​$enter your response here. ​(Round to the nearest​ cent.)