(Solution) 1a. If You Invested $45,000 In A Security At A 7% Rate Of Return, How Much Would You Have In 25 Years? | Snapessays.com

(Solution) 1a. If you invested $45,000 in a security at a 7% rate of return, how much would you have in 25 years?

1a. If you invested $45,000 in a security at a 7% rate of return, how much would you have in 25 years?


b. The average home costs $275,000 today. How much will it cost in 10 years if the price increases by 5% each year?


c. You think in 15 years it will cost $214,000 for a college education. Will you have enough if you take $75,000 today and invest for next 15 years at 4%?


d. If you can earn 4%, how much will you have to save each year if you want to retire in 35 years with $1 million?


e. John wishes to have $800,000 in a retirement fund 20 years from now. He can do it by making a single lump-sum payment today. If upon retirement in 20 years he plans to invest $800,000 in a fund that earns 4%, what is the max annual withdrawal he can make over following 15 years?


f. How much would John need to have on deposit at retirement to withdraw $35,000 annually over 15 years if retirement fund earns 4%?


g. To achieve annual withdrawal goal of $35,000 calculated in part f, how much more than the amount calculated in part e, must John deposit today in an investment earning 4% annual interest?


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This question was answered on: May 23, 2022

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May 23, 2022





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