If Mr. Peter Parker gets a pension contribution each year BDT 20000 , how many years it will need to gain BDT 2300000 if the money is invested in an account which can generate a rate of 11%?
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If Mr. Peter Parker gets a pension contribution each year BDT 20000 , how many years it will need to gain BDT 2300000 if the money is invested in an account which can generate a rate of 11%?
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- Suppose the stated annual interest rate is 6%. For Mike who is age 25 now and will receive a monthly wage of HK$15,000 till retirement at age 65, What is the present value (at age 25) of Mike's total contribution to the program and what is the present value (at age 25) of Mike's future total benefit from the pension (suppose he will die at age 85)? Compare these two present values and draw your conclusion.Your retirement fund's balance is $50,000 right now. You want to retire in 30 years with $1,000,000. You add $6000 annually, but what interest rate do you need to earn in order to reach your goal? please calculate manually7. You have just made your first P2,000 contribution to your individual retirement account. Assuming you earn a 10 percent rate of return and make no additional contributions, what will your account be worth when you retire in 45 years? What if you wait 10 years before contributing? 8. You are scheduled to receive P30,000 in two years. When you receive it, you will invest it for six more years at 6.5. percent per year. How much will you have in eight years? 9. The first comic book featuring Superman was sold in 1938. In 2003, the estimated price for this comic book in good condition was about P350,000. This represented a return of 26.09 percent per year. For this to be true, what must the comic book have sold for when new? 10. You are trying to save to buy a new P150,000 car. You have P40,000 today that can be invested at your bank. The bank pays 5.5. percent annual interest on its accounts. How long will it be before you have enough to buy the car?
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- You deposit $4000 into a retirement account each year. The account pays 8℅ interest. How much will you have in 25 years when you retire?I need help solving the probelm below in excel 8.Your client wants to have $2 million in her retirement account in 20 years. How much should the client deposit in the account at the end of each year to achieve her goal if we assume an annual return of 8%?Suppose you put $ 500 a month for retirement into an annuity earning 5.25% compounded monthly. If you need $ 700000 to retire, in how many years will you be able to retire? Years =