Suppose you earned a $595,000 bonus this year and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20 years?
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Suppose you earned a $595,000 bonus this year and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20 years?
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- How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one year and the rate is 10%?You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuitySuppose you invest $180 a month for 6 years into an account earning 10% compounded monthly. After 6 years, you leave the money, without making additional deposits, in the account for another 22 years. How much will you have in the end? $
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- Suppose you invest $385 at the end of each of the next eight years. (a) If your opportunity cost rate is 7 % compounded annually, how much will your investment be worth after the last $385 payment is made? (b) What will be the ending amount if the payments are made at the beginning of each year?Suppose that you invest $20 000 in an account paying 8% interest. You plan to withdraw $2000 at the end of each year for 15 years. How much money will be left in the account after 15 years?Suppose that you earn $45,600 per year. What is your monthly salary? $ Assume that you deposit 10% of your monthly salary into an investment account with an APR of 4.8% every month for 30 years. We will assume for simplicity that your salary never changes, so you are depositing the same amount every month for 30 years. What will the balance of your investment account be after 30 years? Round your answer to the nearest cent. The balance of the account is $ How much of the investment account balance is interest? The amount of interest in the account is $
- Suppose you plan to invest $20000 in an account paying 8% interest per annum. How much will you have in the account in 15years? Suppose that you invest $20000 in an account paying 8% interest per annum. You plan to withdraw $2000 at the end of each year for 15 years. How much money will be left in the account after 15years?Suppose you invest $200 a month for 6 years into an account earning 8% compounded monthly. After 6 years, you leave the money, without making additional deposits, in the account for another 25 years. How much will you have in the end?Suppose instead you didn't invest anything for the first 6 years, then deposited $200 a month for 25 years into an account earning 8% compounded monthly. How much will you have in the end?What is your annual rate of return if you deposit $2,700 today and withdraw $3,500 in a lump sum in 8 years?
