Your sister turned 35 today, and she is planning to save $85,000 per year for retirement, with the first deposit to be made one year from today. She will invest in a mutual fund that's expected to provide a return of 7.5% per year. She plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. Under these assumptions, how much can she spend each year after she retires? Her first withdrawal will be made at the end of her first retirement year.
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- Your sister turned 35 today, and she is planning to save $60,000 per year for retirement, with the first deposit to be made one year from today. She will invest in a mutual fund that's expected to provide a return of 7.5% per year. She plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. Under these assumptions, how much can she spend each year after she retires? Her first withdrawal will be made at the end of her first retirement year. a. $266,770.46 b. $556,561.79 c. $598,303.93 d. $517,731.90 e. $248,158.57Your older brother turned 35 today, and he is planning to save $7,000 per year for retirement, with the first deposit to be made one year from today. He will invest in a mutual fund that's expected to provide a return of 7.5% per year. He plans to retire 30 years from today, when he turns 65, and he expects to live for 25 years after retirement, to age 90. Under these assumptions, how much can he spend each year after he retires? His first withdrawal will be made at the end of his first retirement year.Your brother turns 35 today, and he is planning to save $7,000 per year for retirement, with the first deposit to be made one year from today. He will invest in a mutual fund that's expected to provide a return of 7.5% per year. He plans to retire 30 years from today, when he turns 65, and he expects to live for 25 years after retirement, to age 90. Assuming annual rate of return remains at 7.5% for his investment account during the retirement stage, how much can he spend each month after he retires? His first withdrawal will be made at the end of his first retirement month. a. $5,880.15 b. $7,135.48 c. $5,348.79 d. $6,166.25
- Your brother turned 30 today, and she is planning to save $8,000 per year for retirement, with the first deposit to be made one year from today. He will invest in a fund that's expected to provide a return of 7% per year. He plans to retire 30 years from today, when she turns 60, and she expects to live for 25 years after retirement, to age 85. The fund is expected to provide a return of 7% even after he retires. Under these assumptions, how much can he spend each year after he retires? His first withdrawal will be made at the end of his first retirement year. Must use excelYour brother turned 30 today, and she is planning to save $8,000 per year for retirement, with the first deposit to be made one year from today. He will invest in a fund that's expected to provide a return of 7% per year. He plans to retire 30 years from today, when she turns 60, and she expects to live for 25 years after retirement, to age 85. The fund is expected to provide a return of 7% even after he retires. Under these assumptions, how much can he spend each year after he retires? His first withdrawal will be made at the end of his first retirement year. Must use excel to find solutionSarah Wiggum would like to make a single investment and have $1.7 million at the time of her retirement in 40 years. She has found a mutual fund that will earn 6 percent annually. How much will Sarah have to invest today? If Sarah invests that amount and could earn a 13 percent annual return, how soon could she retire, assuming she is still going to retire when she has $1.7 million? To have $1.7 million at retirement, the amount Sarah must invest today is $_________(Round to the nearest cent.) see attachment for PVIF table
- Sarah Wiggum would like to make a single investment and have $2.3 million at the time of her retirement in 30 years. She has found a mutual fund that will earn 5 percent annually. How much will Sarah have to invest today? If Sarah invests that amount and could earn a 13 percent annual return, how soon could she retire, assuming she is still going to retire when she has $2.3 million?. Your sister turned 35 today, and she is planning to save Php7,000 per year for retirement, with the first deposit to be made one year from today. She will invest in a mutual fund that's expected to provide a return of 7.5% per year. She plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. Under these assumptions, how much can she spend each year after she retires? Her first withdrawal will be made at the end of her first retirement year. A. Php58,601 B. Php61,686 C. Php64,932 D. Php68,179Laura is planning for her retirement 34 years from now. She plans to invest $4,100 per year for the first 7 years, $8,600 per year for the next 11 years, and $13,700 per year for the remaining 16 years. All of the investments will be made at the end of the year. If Laura can earn 10% annual return on her investments, what will her retirement fund amount to at the end of 34 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, eg. 458,581.25.) Click here to view factor tables Amount of retirement fund $
- Sharon is planning for her retirement 34 years from now. She plans to invest $5,600 per year for the first 7 years, $7,800 per year for the next 11 years, and $14,000 per year for the remaining 16 years. All of the investments will be made at the end of the year. If Sharon can earn 10% annual return on her investments, what will her retirement fund amount to at the end of 34 years? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 2 decimal places, eg. 458,581.25) Click here to view factor tables Amount of retirement fund $ Save for Later A Attempts: 0 of 1 used Submit AnswerSarah Wiggum would like to make a single investment and have $2.0 million at the time of her retirement in 35 years. She has found a mutual fund that will earn 4 percent annually. How much will Sarah have to invest today? If Sarah earned an annual return of 14 percent, how soon could she then retire? If Sarah can earn an annual return of 14 percent, the number of years until she could retire is________years. (Round to one decimal place.)Suzette is receiving $10,000 today, $15,000 one year from today, and $25,000 four years from today. She will immediately invest these funds for retirement. If she earns 9.6 percent on her investments, how much will she have in savings 30 years from today?