Suppose you inherited $175,000 and invested it at 8.55% per year. How much could you withdraw at the end of each of the next 20 years? a. $3,597.30 b. $18,949.32 c. $17.097.93 d. $18,559.80 e. $14,962.50
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Suppose you inherited $175,000 and invested it at 8.55% per year. How much could you withdraw at the end of each of the next 20 years? a. $3,597.30 b. $18,949.32 c. $17.097.93 d. $18,559.80 e. $14,962.50
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- Suppose you inherited $1,135,000 and invested it at 8.25% per year. How much could you withdraw at the beginning of each of the next 20 years? a. $117,761.21 b. $108,786.34 c. $111,148.74 d. $22,285.19 e. $93,637.50Suppose you inherited $935,000 and invested it at 8.25% per year. How much could you withdraw at the beginning of each of the next 20 years? Select the correct answer. a. $89,592.14 b. $89,616.94 c. $89,641.74 d. $89,629.34 e. $89,604.54Suppose you earned a $445,000 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? Select the correct answer. a. $46,164.70 b. $46,170.70 c. $46,161.70 d. $46,167.70 e. $46,173.70
- Suppose you inherited $1,000,000 and invested it at 12.00% per year. How much could you withdraw at the end of each of the next 20 years? You are not required to show calculations but you must list the inputs used such as N, PV, FV, etc. O $133,878.78 O $50,000 O $119,534.63Mike Gordon wishes to have $80,000 in five years. If he can earn annual interest of 2%, how much must he invest today? a. $42,170 b. $72,480 c. $76,080 d. $88,320You’ve invested your savings at 8% and been able to accumulate $500,000. If you withdraw $50,000 at the end of every year, how long until the balance has been reduced to zero? a. 20.91 years b. 10.00 years c. 18.49 years d. 13.91 years e. 7.63 years
- Joshua now has $500. How much would he have after 11 years if he leaves it invested at 4.5% with annual compounding? a. $815.76 b. $811.43 c. $522.50 d. $776.48 e. $829.72Assume your goal in life is to retire with four million dollars. How much would you need to save at the end of each year if interest rates average 6% and you have a 20−year work life? A. $1,247,219 B. $108,737 C. $400,000 D. $12,000If you invest $5,000 three years from now, how much will be in h 15 f if 10% d d ll ? the account 15 years from now if i = 10% compounded annually? a. $8,053 b. $15,692 c. $20,886 d. $27,800.
- How much would $1, growing at 13.7% per year, be worth after 75 years? Select one: a. $18,248.03 b. $15,206.70 c. $18,704.24 d. $13,533.96 e. $15,358.76If you invest $1,127 at the end of each year for 6 years and you earn 14% interest compounded annually, how much will you have accumulated to the nearest dollar? Group of answer choices $10,581 $8,802 $9,860 $9,620 ......How much would $1, growing at 6.8% per year, be worth after 75 years? Select the correct answer. O a. $138.95 b. $140.95 C. $136.95 d. $134.95 e. $132.95