Leila is saving for her retirement by making deposits of $22,000 on each birthday into a savings account starting on her 51st birthday and ending on her 64th birthday (inclusive). Given an effective annual rate of interest of 3.3%, how much will she accumulate by her 65th birthday?
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- Carla Lopez deposits $5, 200 a year into her retirement account. If these funds have an average eaning of 6 percent over the 40 years until her retirement, what will be the value of her retirement account?Ginger Rogers deposits $3,000 a year into her retirement account. If these funds have an average earning of 8 percent over the 40 years until her retirement, what will be the value of her retirement account?Leila is saving for her retirement by making deposits of $22,000 on each birthday into a savings account starting on her 51st birthday and ending on her 64th birthday (inclusive). Given an effective annual rate of interest of 3.3%, how much will she accumulate by her 65th birthday?
- Nasser is saving for his retirement by making deposits of $1,400 on each birthday into a savings account starting on his 37th birthday and ending on his 44th birthday (inclusive). Given an effective annual rate of interest of 4.4%, how much will he accumulate by his 65th birthday?Robin wishes to accumulate a sum of $450,000 in a retirement account by the time of her retirement in 30 years from now. If she wishes to do this through monthly payments into an account that earns interest at the rate of 10% / year compounded monthly, what should be the size of each payment?Andrea, a self-employed individual, wishes to accumulate a retirement fund of $250,000. How much should she deposit each month into her retirement account, which pays interest at a rate of 4.5%/year compounded monthly, to reach her goal upon retirement 20 years from now? (Round your answer to the nearest cent.
- Carla Lopez deposits $2,500 a year into her retirement account. If these funds have an average earnings of 5 percent over the 40 hears until her retirement, what will be the value of her retirement account?Janice is hoping to save $200,000 by the time she retires in 20 years. How much must Janice deposit annually at the end of each year to reach this retirement goal on December 31, Year 20, assuming she can earn a 4% annual rate of return on her retirement account?Andrea, a self-employed individual, wishes to accumulate a retirement fund of $400,000. How much should she deposit each month into her retirement account, which pays interest at a rate of 5.5%/year compounded monthly, to reach her goal upon retirement 35 yr from now? (Round your answer to the nearest cent.)
- To help out with her retirement savings, Linda invests in an ordinary annuity that earns 6.6% interest, compounded annually. Payments will be made at the end of each year. Continue How much money does she need to pay into the annuity each year for the annuity to have a total value of $97,000 after 17 years? Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. 50°F Mostly cloudy Es O 2 2 W 0 3 E 4 X R O S F6 % 5 € T Y F8 & 7 a 7 U 27 D * 00 Submit Assignmen 2022 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility F10 D X I 9 2 F11 PDF F12 NumLk Prt Sc ^ Pause Br +Amy Johnson wants to retire on $75,000 per year for her life expectancy of 20 years after she retires. She estimates that she will be able to earn an interest rate of 10.1%, compounded annually, throughout her lifetime. To reach her retirement goal, Amy will make annual contributions to her account for the next 30 years. One year after making her last deposit, she will receive her first retirement check. How large must her yearly contribution be? (Solve with Presents Values with Annuities or Loans and Amortization)Andrea, a self-employed individual, wishes to accumulate a retirement fund of $250,000. How much should she deposit each month into her retirement account, which pays interest at a rate of 2.5% / year compounded monthly, to reach her goal upon retirement 25 years from now? (Round your answer to the nearest cent.) $702.26 x