hello i got the answer but not tye solutions so please dont try to bw funny. so can anyone explain how to solve this step by step?
Homework Answers
| Ampount to be accumulated considering inflation = 350000*1.02^3 = | $ 3,71,423 |
| Interest rate earned net of tax = 4%*(1-25%) = | 3.00% |
| Amount to be deposited today = 371423/1.03^3 = | $ 3,39,905 |
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hello i got the answer but not tye solutions so please
dont try to bw funny....
You would like to start saving for retirement and you have 40 years until the planned...
You would like to start saving for retirement and you have 40 years until the planned retirement date. Each year, during your retirement years (assume 30 years), you would like to spend an amount equivalent to the purchasing power of $50,000 today. You estimate that the expected rate of return on some recommended investment portfolio is 8%AER and you plan to select that portfolio during the working (savings) years. Assume 4%AER yield on your investments during retirement years. The annual...
help!! I know this is technically two problems but I ran out of question so please...
help!! I know this is
technically two problems but I ran out of question so please help
if you can. I don't have anymore questions left!
This problem is similar in spirit to Example 12 (in the chapter) and Problem 15 (at the end of the chapter). I'd strongly suggest that you master those two problems before attempting this problem Make sure that you draw a high quality, detailed timeline - similar in quality to those in Example 12 and...
Today is your 25th birthday (Happy Bday!). You plan on retiring 35 years from today. Every...
Today is your 25th birthday (Happy Bday!). You plan on retiring 35 years from today. Every month you work, starting today (t=0), you wish to put an equal amount of money into a savings account with your last deposit on the day you retire. After you retire, you will need to withdraw $10,000 a month with your last withdrawal on your 80th birthday (first withdrawal is one month after you retire). Also when you turn 80, you plan on giving...
Please, show simple process with explanations, so I can study it. Thank you 9. (10 marks)...
Please, show simple process
with explanations, so I can study it. Thank you
9. (10 marks) Jane Smith wants to retire 20 years from now. Money can be deposited in an account at an actual interest rate of 12% compounded monthly. The future general inflation rate is estimated to be 4% per year. What monthly deposits in actual dollars must be made by the woman until she retires so that she can withdraw an annual amount of $40,000 (in terms...
Please explain how they got 2.25% Suppose you are trying to save money for a vacation in two years. Bank A is offering s...
Please explain how they got
2.25%
Suppose you are trying to save money for a vacation in two years. Bank A is offering savings account with annual interest rate 2%. You are pretty sure interest rates will go up and next year savings account will pay 2.5%. Bank B is offering a two-year time deposit (CD). That is, if you deposit money now you can't withdraw for 2 years. How much annual interest on time-deposit accounts should Bank B offer...
please solve in word format instead of excel Answer the question. $100,000 was deposited in a...
please solve in word format instead of excel
Answer the question. $100,000 was deposited in a savings account 8 years ago, and the account earned interest at the rate of 10% per year. Assuming the end-of-the-year convention, what is the amount of equal annual withdrawals that can be made to completely deplete the fund 15 years from now if the first withdrawal will be made one year from today? I B Fi Initial Deposit $100,000,00 (P)
I need to find the solutions using a BA 2 Plus financial calculator NOT through excel....
I need to find the solutions using a BA 2 Plus financial
calculator NOT through excel. 5 and 6 are not
needed But 9 and 10 are very important.
Question 5 5 pts You are taking out a car loan and will make payments of $315 each month (beginning one month from today). for a total of 60 monthly payments. If the interest rate on the loan is 0.83% (the effective monthly rate on this loan), how much are you...
Please help by providing explanation/step by step processes for solutions. Thank you! A young adult expects to receive...
Please help by providing explanation/step by step processes for solutions. Thank you! A young adult expects to receive a cash gift of $9,402 from his trust fund in 9 years. At an interest rate of 10% compounded annually, the present value of the gift is closest to: _______ You expect to buy a house in 9 years. At that time, you will need a down payment of $45,524. A local bank offers a savings account that pays 5% per year,...
**PLEASE USE yn=(b/1-a)+(yo-b/1-a)(a^n) a. Sharon wants to retire in 30 years time, and so decides to...
**PLEASE USE yn=(b/1-a)+(yo-b/1-a)(a^n) a. Sharon wants to retire in 30 years time, and so decides to start a new retirement savings account. She wants to accumulate 250000 dollars by the time she retires. Initially, Sharon deposits 2000 dollars into the account. She will make further deposits at the end of each month. The account will earn interest at annual rate 8 percent, compounded monthly. How much will she have to deposit into the account each month in order to reach...
Please answer this clearly and do it step by step. I need to know the forumula...
Please answer this clearly and do it step by step.
I need to know the forumula a and b too.
Thanks!
You have decided to save for your retirement and would like to put the geometric series to work. You would like to have $1,000,000 when you retire, 30 years from now. If the annual increase in your savings is 5% and the annual interest rate you can earn on your savings is 8%; a) Determine the amount of the...
You would like to start saving for retirement and you have 40 years until the planned retirement date. Each year, during your retirement years (assume 30 years), you would like to spend an amount equivalent to the purchasing power of $50,000 today. You estimate that the expected rate of return on some recommended investment portfolio is 8%AER and you plan to select that portfolio during the working (savings) years. Assume 4%AER yield on your investments during retirement years. The annual...
help!! I know this is
technically two problems but I ran out of question so please help
if you can. I don't have anymore questions left!
This problem is similar in spirit to Example 12 (in the chapter) and Problem 15 (at the end of the chapter). I'd strongly suggest that you master those two problems before attempting this problem Make sure that you draw a high quality, detailed timeline - similar in quality to those in Example 12 and...
Please, show simple process
with explanations, so I can study it. Thank you
9. (10 marks) Jane Smith wants to retire 20 years from now. Money can be deposited in an account at an actual interest rate of 12% compounded monthly. The future general inflation rate is estimated to be 4% per year. What monthly deposits in actual dollars must be made by the woman until she retires so that she can withdraw an annual amount of $40,000 (in terms...
Please explain how they got
2.25%
Suppose you are trying to save money for a vacation in two years. Bank A is offering savings account with annual interest rate 2%. You are pretty sure interest rates will go up and next year savings account will pay 2.5%. Bank B is offering a two-year time deposit (CD). That is, if you deposit money now you can't withdraw for 2 years. How much annual interest on time-deposit accounts should Bank B offer...
please solve in word format instead of excel
Answer the question. $100,000 was deposited in a savings account 8 years ago, and the account earned interest at the rate of 10% per year. Assuming the end-of-the-year convention, what is the amount of equal annual withdrawals that can be made to completely deplete the fund 15 years from now if the first withdrawal will be made one year from today? I B Fi Initial Deposit $100,000,00 (P)
I need to find the solutions using a BA 2 Plus financial
calculator NOT through excel. 5 and 6 are not
needed But 9 and 10 are very important.
Question 5 5 pts You are taking out a car loan and will make payments of $315 each month (beginning one month from today). for a total of 60 monthly payments. If the interest rate on the loan is 0.83% (the effective monthly rate on this loan), how much are you...
Please answer this clearly and do it step by step.
I need to know the forumula a and b too.
Thanks!
You have decided to save for your retirement and would like to put the geometric series to work. You would like to have $1,000,000 when you retire, 30 years from now. If the annual increase in your savings is 5% and the annual interest rate you can earn on your savings is 8%; a) Determine the amount of the...
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