You save $10,000 per year for the 35 years you are working (years 1 - 35). How much can you withdraw in equal amounts for the 40 years you are retired (years 36 - 75) if the interest rate is 7% ? Group of answer choices $8,750.00 $103, 690.29 $34, 559.22 $2,531.89

You plan to deposit $3,600 each year for the next 12 years. The interest rate is 9 percent. If you currently have $10,000 in your account, how much would you have in the account at the end of the 12th year? Group of answer choices $98,216 $43,136 $93,499 $53,200 $100,633

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

4) Retirement: You have just retired from your company after working for twenty years. Your company provides a retirement package and gives you the option of i) receiving $250,000 today, or ii) receiving $350,000 in five years (T=5). What option would you select if the interest rate is R=5%? What option would you select if the interest rate is R=10%? What interest rate would make the present value of both options equal? (Hint: use Excel’s Data-What If - Goal Seek to solve for the interest rate T).

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

Find the future value of a continuous stream Question A 30-year-old places a continuous stream of $6, 000 per year into a retirement account which has a continuously compounding interest rate of 1.2%. What will be the value of this continuous stream when this person retires at age 65? Round your answer to the nearest integer. Do not include a dollar sign or commas in your answer. Provide your answer below: FEEDBACK MORE INSTRUCTION SUBMIT

Check My Work eBook Your parents will retire in 28 years. They currently have $300,000 saved, and they think they will need $2,500,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places. %

How much would you need to deposit in an account each month in order to have $30,000 in the account in 8 years? Assume the account earns 7% interest. S Submit Question Search hp

Suppose you earned a $273,000 bonus this year and invested it at 8.20% per year. How much could you withdraw at the end of each of the next 20 years? Group of answer choices $29,648 $32,703 $31,146 $34,370 $28,221

You want to have​ $1,000,000 in your retirement account by the time you turn 65. You are currently 25 years old and have not yet started saving for your retirement. If your 401K from work claims the average annual growth is​ 6%, how much do you need to save each month to have​ $1,000,000 when you​ retire? A. ​$1,442.01 each month B. ​$502.14 each month C. ​$2,083.33 each month D. ​$104.33 each month