A perceptive engineer started saving for her retirement 15 years ago by deligently saving Php 18 000 each year through the present time. She invested in a stock fund that averaged a 12 % rate of return over that period. If she makes the same annual investment and gets the same rate of return in the future, how long will it be now (time zero) before she has Php 1 500 000 In her retirement fund? A. 7.1 years B. 5.3 years C. 4.8 years D. 6.2 years
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A perceptive engineer started saving for her retirement 15 years ago by deligently saving Php 18 000 each year through the present time. She invested in a stock fund that averaged a 12 % rate of return over that period. If she makes the same annual investment and gets the same rate of return in the future, how long will it be now (time zero) before she has Php 1 500 000 In her retirement fund?
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- Linda would like to have a retirement account with $3,000,000 in it on the day she retires 40 years from now. She is going to target a rate of return of 11.0% on her investments. How much does she need to invest each month, in order to reach her goal of $3,000,000 in 40 years? O $348.83 O $62,427.83 O $961.28 O $527.88. You want to start saving for retirement. If you deposit Php2000 each year at the end of the next 60 years and earn 11% on the investment, how much will you have when you retire? a. Php792,000 b. Php1,048,114 c. Php9,510,132 d.Php10,556,2462. Ms. Perez wants to invest in a savings account with interest rate of 9% per year. She decided to make annual deposits of PhP 40,000 for 10 years with the first payment being today. Determine the present worth of Ms. Perez's savings account. A. PhP 256,706.31 B. PhP 356, 706.31 C. PhP 279,809.88 D. PhP 289,908.88
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- You are trying to decide how much to save for retirement. Assume you plan to save $6,000 per year with the first investment made one year from now. You think you can earn 6% per year on your investments and you plan to retire in 43 years, immediately after making your last $6,000 investment. a. How much will you have in your retirement account on the day you retire? b. If, instead of investing $6,000 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 18 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 18th withdrawal (assume your savings will continue to earn 6% in retirement)? d. If, instead, you decide to withdraw $100,000 per year in retirement (again with the first withdrawal one year after retiring), how many years will it take…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)Your sister paid $10,000 (CF at t = 0) for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum payment of $9,000 at the end of the 5th year. What is the expected rate of return on this investment? Select the correct answer. a. 8.12% b. 2.12% c. 4.52% d. 3.32% e. 5.72%