Q16: If you invest the $10,000 you receive at graduation (age 22) in a mutual fund that averages a 12% annual return, how much will you have at retirement in 40 years?
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which one is correct answe please confirm?
a. |
$930,510
|
|
b. |
$510,285
|
|
c. |
$909,090
|
|
d. |
$783,879
|
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- If you invest the $10,000 you receive at graduation (age 22) in a mutual fund that averages a 12% annual return, how much will you have at retirement in 40 years? a. $930,510 b. $909,090 c. $510,285 d. $783,879You decide to contribute to a mutual fund that averages 3.6% return per year. If you contribute $600 quarterly. Round all answers to the nearest cent as needed. a) How much will be in the account after 20 years? $ b) How much of this money did you deposit? $ c) How much of this money is interest earned? $ Submit Question Question 3May I ask for an explanation and solution to the question for a better understanding. Thank you! 3. If you invest P5,000 in a mutual fund extending a total annual return of 8% and you re-invest the proceeds each year, what will be the value of your investment after five years? a. P3,402.92 b. P7,346.64 c. P4,629.63 d. P5,400.00
- Now consider your financial objective is to save $500,000 for preparing your retirement, assuming 30 years from now. If you invest your RRSP savings in a mutual fund which can realize an average return of 10% per year. To achieve your goal, how much do you need to save at the end of each year over the 30-year period? a. 4,039.26 b. 3,039.62 c. 2,985.54 d. 10,988.32 What is the FV of $100 deposited today into an account with an APR 12.6%, compounded semiannually for 10 years? a. 1478.96 b. 3460.06 c. 327.63 d. 339.36 A car dealer offers payment of $525.32 per months for 60 months on a $30,000 car after making a $5000 down payment. What's the loan's APR? a. 10.4798% b. 9.5224% c. 1.9609% d. 0.7935%K Sarah Wiggum would like to make a single investment and have $2.4 million at the time of her retirement in 30 years. She has found a mutual fund that will earn 3 percent annually How much will Sarah have to invest today? Sarah invests that amount and could eam a 13 percent annual return, how soon could she retire, assuming she is still going to retire when she has $2.4 million? Click on the table icon to view the PVIF table 4 To have $2.4 million at retirement, the amount Sarah must invest today is 5 (Round to the nearest cent) If Sarah invests that same amount and earn a 13% annual return, she could retire in approximately years (Round to one decimal place)#17 You deposit the following at the end of each year into a growth mutual fund that earns 11 percent per year: How much should the fund be worth at the end of 5 years? How much interest have you earned in total? Year Deposit ($) 1 4,000 2 3,500 3 2,500 4 2,000 5 1,700 $13,700
- Consider an amount of 25,000 in a fund today, October 25, 2022. Determine its value On Mar. 5, 2023 at 3 1/8% simple interest rate p.a. using banker's ruleYou are 22 years old and you want to have $1 million in your retirement account at age 50. How much money do you need to invest each year (to the nearest $100), if you can get an 8% annual rate of return on mutual funds that invest in S&P 500 stocks? OA $35,700 OB.$10,500 OC. $15,600 O D. $20,600 Reset SelectionPlease answer part A-D and give a short explanation of how you arrived at you answer. A) You want to go to Europe 5 years from now, and you can save $3,300 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 9.1 percent per year. Under these conditions how much would you have just after you make the 5th deposit 5 years from now? B) Your uncle has $300,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $53,750 at the end of each year, starting at the end of this year. For how many years can he make the $53,750 withdrawals and have nothing left at the end? Round to the nearest integer. C) What’s the future value of $1,200 after 5 years if the appropriate interest rate is 10.8 percent, compounded monthly? Round to the nearest integer. D) Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 31.2 percent with…
- A.You just inherited some money, and a broker offers to sell you an annuity that pays $16,800 at the end of each year for 20 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity? a. $209,365.13 b. $180,054.02 c. $255,425.46 d. $244,957.21 e. $236,582.60 B. New Business is just being formed by 10 investors, each of whom will own 10% of the business. The firm is expected to earn $1,000,000 before taxes each year. The corporate tax rate is 34% and the personal tax rate for the firm's investors is 35%. The firm does not need to retain any earnings, so all of its after-tax income will be paid out as dividends to its investors. The investors will have to pay personal taxes on whatever they receive. How much additional spendable income will each investor have if the business is organized as a partnership rather than as a corporation? a. $20,332 b. $19,006 c. $22,763…Suppose you deposited $39,000 in a bank account that pays 5.25% with daily compounding based on a 360-day year. How much would be in the account after 8 months, assuming each month has 30 days? Select the correct answer. O a. $40,389.07 O b. $40,375.67 O c. $40,402.47 d. $40,368.97 Oe. $40,382.37How much would you be willing to spend for an annuity that pays $2,500 at the end of each year for three years, assuming you could earn 5.5% on other LIET similar investments? Select one: O a. $5,494 O b. $4,783 O c. $6,087 O d. $6,408 O e. $6,745 ہے