(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?

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: May 23, 2022

Solution~00021147603162.zip (25.37 KB)


This attachment is locked

Our expert Writers have done this assignment before, you can reorder for a fresh, original and plagiarism-free copy and it will be redone much faster (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

May 23, 2022

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • ■ As a reference for in-depth understanding of the subject.
  • ■ As a source of ideas / reasoning for your own research (if properly referenced)
  • ■ For editing and paraphrasing.

This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

Get Free Price Quote