16. Your employer contributes $100 a week to your retirement plan. Assume that you work for...
16. Your employer contributes $100 a week to your retirement plan. Assume that you work for this employer for another 14 years and the applicable discount rate is 7.25%. Given these assumptions, what is this benefit worth to you today?
Homework Answers
A benefit worth to you today is:-
=PV(rate,nper,pmt)
=PV(7.25%/52,14*52,-100)
=45712.75
Add Answer to:
16. Your employer contributes $100 a week to your retirement
plan. Assume that you work for...
Your employer contributes $100 a week to your retirement plan. Assume that you work for this...
Your employer contributes $100 a week to your retirement plan. Assume that you work for this employer for another 14 years and the applicable discount rate is 7.25%. Given these assumptions, what is this benefit worth to you today? 17. You anticipate being able to put away $1,800 at the end of each year into your 401(k) for each of the next 25 years (NOT $1,800 once but $1,800 in each year) and anticipate earning 8.5% per year on your...
Pls show work: Assume you work for an employer who will contribute $60 a week for...
Pls show work: Assume you work for an employer who will contribute $60 a week for the next 20 years into a retirement plan for your benefit. At a discount rate of 9 percent, what is the value of this benefit today?
Your employer contributes $55 at the end of each week to your retirement account. The account...
Your employer contributes $55 at the end of each week to your retirement account. The account will earn a weekly interest rate of .17 percent. How much will the account be worth when you retire in 25 years?
1 points Save Answer Your employer contributes $100 at the end of each week to your...
1 points Save Answer Your employer contributes $100 at the end of each week to your retirement account. The account will earn a weekly interest rate of .17 percent. How much will the account be worth when you retire in 35 years? $1,153,340.58 O $182.000.00 $1,235,722.05 $1,081.819.46 $1,181.995.01
HELP! You have just been hired by your new employer and must choose between two retirement plan options... You have just...
HELP! You have just been hired by your new employer and must choose between two retirement plan options... You have just been hired by your new employer and must choose between two retirement plan options: (1) the state’s defined benefit plan and (2) a defined contribution plan under which the employer will contribute each year an amount equal to 8 % of your salary. The defined benefit plan will provide annual retirement benefits determined by the following formula: 1.5% x...
Assume that you contribute $100 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $200 per month for another 20 years. Given a 6 percent interest rate, what is the value of your retirement plan after 40 years?
Assume that you contribute $100 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $200 per month for another 20 years. Given a 6 percent interest rate, what is the value of your retirement plan after 40 years?
The retirement benefit program from your employer will send you 240 monthly checks of $5,000 after...
The retirement benefit program from your employer will send you 240 monthly checks of $5,000 after you retire. The first check will be a month from your retirement. The interest and discount rates are 0.2%/month, compounded monthly. If you retire today, then what is the present value of this benefit program?
Assume that you contribute $370 per month to a retirement plan for 25 years. Then you...
Assume that you contribute $370 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $740 per month for another 25 years. Given a 9.0 percent interest rate, what is the value of your retirement plan after the 50 years?
Assume that you contribute $300 per month to a retirement plan for 10 years. Then you...
Assume that you contribute $300 per month to a retirement plan for 10 years. Then you are able to increase the contribution to $500 per month for another 10 years. Given an 10.0 percent interest rate, what is the value of your retirement plan after the 20 years? B) $312,018 C) $746,231 D) $158,365 E) $268,780
Assume that you contribute $380 per month to a retirement plan for 20 years. Then you...
Assume that you contribute $380 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $760 per month for another 30 years. Given a 7.2 percent interest rate, what is the value of your retirement plan after the 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
1 points Save Answer Your employer contributes $100 at the end of each week to your retirement account. The account will earn a weekly interest rate of .17 percent. How much will the account be worth when you retire in 35 years? $1,153,340.58 O $182.000.00 $1,235,722.05 $1,081.819.46 $1,181.995.01
Assume that you contribute $300 per month to a retirement plan for 10 years. Then you are able to increase the contribution to $500 per month for another 10 years. Given an 10.0 percent interest rate, what is the value of your retirement plan after the 20 years? B) $312,018 C) $746,231 D) $158,365 E) $268,780
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