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- You plan to invest $5,000 into an account. If you would like to have $10,000 in 15 years, what rate of return must you earn? Question 5 options: 6.02% 5.24% 4.73% 7.55% 7.11%Question 3 You are considering to invest in a savings plan. The plan offers a rate of return of 8 percent per year. The plan requires youto save RM1,500, RM1,250, and RM6,400 at the end of each year for the next three years, respectively, how much do you need to savetoday?Select one:A. RM11.623B. RM7 203C. RM8,449D. RM7.541JUST NEED SUBPARTS D AND E You are trying to decide how much to save for retirement. Assume you plan to save $4,000 per year with the first investment made one year from now. You think you can earn 7.0% per year on your investments and you plan to retire in 29 years, immediately after making your last $4,000 investment. a. How much will you have in your retirement account on the day you retire? b. If, instead of investing $4,000 per year, you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving, how much would that lump sum need to be? c. If you hope to live for 28 years in retirement, how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 28th withdrawal (assume your savings will continue to earn 7.0% in retirement)? d. If, instead, you decide to withdraw $70,000 per year in retirement (again with the first withdrawal one…
- What is the relationship between present value and future value? • Suppose you need $15,000 in 3 years. If you can earn 6% annually, how much do you need to invest today? • If you could invest the money at 8%, would you have to invest more or less than at 6%? How much?8 [Question text] You are considering to invest in a savings plan. The plan offers a rate of return of 8 percent per year. The plan requires you to save RM1,500, RM1,250, and RM6,400 at the end of each year for the next three years, respectively, how much do you need to save today? Select one: A. RM7,541 B. RM7,203 C. RM8,449 D. RM11,623How much should you invest each month in order to have $800,000 if your rate of return is 3.6% compounded monthly and you want to achieve your goal in 40 years? $ How much interest will you earn? $ How much should you invest each month in order to have $800,000 if you want to achieve your goal in 20 years? $ If you deposit the amount you need to achieve your goal in 20 years, how much will your savings be worth after 10 years?
- Question 4 > You want to buy a $199,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be if the interest rate is 6%? c) What will your monthly payments be if the interest rate is 7%? > Nevt OestionProblem 4 FUTURE VALUE OF AN ANNUITY. Your client is 40 years old; and she wants to begin saving for retirement, with the first payment to come one year from now. She can save $5,000 per year; and you advise her to invest it in the stock market, which you expect to provide an average return of 9% in the future. a. If she follows your advice, how much money will she have at 65? b. How much will she have at 70? c. She expects to live for20 years if she retires at 65 and for 15 years if she retires at 70. If her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement at each retirement age? Problem 5 FYALUATING LUMP SUMS AND ANNUITIES, Crissie just won the lottery, and she mus lumn sum today of $6How much should you invest each month in order to have $500,000 if your rate of return is 3.9% compounded monthly and you want to achieve your goal in 40 years?$How much interest will you earn?$How much should you invest each month in order to have $500,000 if you want to achieve your goal in 20 years?$If you deposit the amount you need to achieve your goal in 20 years, how much will your savings be worth after 10 years?$
- How much money must you invest today in order to withdraw P1000 per month for 10 years if the interest rate is 12%. Show solutionQuestion 2B It is given that you need to save aside $320,000 for your retirement plan 10 years from now. You have a saving of $120,000 and is consider to put exactly an equal amount of money into Sustainable Investment Fund at the end of each month for 10 years to get 200 000 you still short of now. The fund is offering a rate of return 10.5 % per year, compounding monthly. Required: Calculate the monthly payment you need to contribute into Sustainable Investment Fund to get $200,000 after 10 years? If you change to contribute $1,000/month to that fund at the beginning of each month, how much money you would have in your account after 10 years? You are offered an investment that will pay $24 000 for the first year and then it will increase 4% each year. What is present value of this investment if the rate of return 13.5% applies?A. If you invest $10,000 today at 4% how much money will you have in five years?