Consider that you are 45 years old and have just changed to a new job. You have $156,000 in the retirement plan from your former employer. You can roll that money into the retirement plan of the new employer. You will also contribute $7,800 each year into your new employer's plan. If the rolled-over money and the new contributions both earn a return of 8 percent, how much should you expect to have when you retire in 20 years? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Future value S 727,109.31

Consider that you are 45 years old and have just changed to a new job. You have $156,000 in the retirement plan from your former employer. You can roll that money into the retirement plan of the new employer. You will also contribute $7,800 each year into your new employer's plan. If the rolled-over money and the new contributions both earn a return of 8 percent, how much should you expect to have when you retire in 20 years? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Future value S 727,109.31

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 33P

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Consider that you are 30 years old and have just changed to a new job. You have $91,000 in the retirement olan from your former employer. You can roll that money into the retirement plan of the new employer. You vill also contribute $400 each month into your new employer's plan. If the rolled-over money and the new contributions both earn a 7 percent annual return, how much should you expect to have when you retire in 38 years? O $2,019,095.26 O $2,195,145.40 $2,298,025.12 $2,301,116.92
Use the information for the question(s) below. Assume that you are 30 years old today and that you are planning on retirement at age 65. Your current salary is $45,000 and you expect your salary to increase at a rate of 5% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 31st birthday and will be 8% of this year's salary. Likewise, you expect to deposit 8% of your salary each year until you reach age 65. Assume that the rate of interest is 7%. The present value (at age 30) of your retirement savings is closest to: O A. $87,000. OB. $46,600. OC. $75,230. O D. $108,000.
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Assume that you are 30 years old today, and that you are planning on retirement at age 65. Your current salary is $45,000 and you expect your salary to increase at a rate of 5% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 31st birthday and will be 8% of this year's salary. Likewise, you expect to deposit 8% of your salary each year until you reach age 65. Assume that the rate of interest is 7%. The future value at retirement (age 65) of your savings is:
Assume that you are 30 years old today, and that you are planning on retirement at age 65. Your current salary is $45,000 and you expect your salary to increase at a rate of 5% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 31st birthday and will be 8% of this year's salary. Likewise, you expect to deposit 8% of your salary each year until you reach age 65. Assume that the rate of interest is 7%, what is the present value of your retirement savings? please answer fast i give upvote
Your employer contributes $50 a week to your retirement plan. Assume that you work for your employer for another thirty years and that the applicable discount rate is 9 percent. Given these assumptions, what is this employee benefit worth to you in 30 years?
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