question archive Francine currently has $35,000 in her 401k account at work and plans to contribute $5,000 each year for the next 10 years

Francine currently has $35,000 in her 401k account at work and plans to contribute $5,000 each year for the next 10 years

Subject:MathPrice:2.86 Bought3

Francine currently has $35,000 in her 401k account at work and plans to contribute $5,000 each year for the next 10 years. How much will she have in the account in 10 years, if the account averages a 4% annual return? $____.

Suppose you invest $120 a month for 6 years into an account earning 10% compounded monthly. After 6 years, you leave the money, without making additional deposits, in the account for another 20 years. How much will you have in the end? $____.

Suppose instead you didn't invest anything for the first 6 years, then deposited $120 a month for 20 years into an account earning 10% compounded monthly. How much will you have in the end? $____.

8.5

You want to be able to withdraw $45,000 from your account each year for 25 years after you retire. You expect to retire in 15 years. If your account earns 8% interest, how much will you need to deposit each year until retirement to achieve your retirement goals? ___.

Suppose you invest $200 a month for 3 years into an account earning 6% compounded monthly. After 3 years, you leave the money, without making additional deposits, in the account for another 24 years. How much will you have in the end? ____.

Destiny and Tevin plan to send their daughter to university. To pay for this they will contribute 11 equal yearly payments to an account bearing interest at the APR of 2.3%, compounded annually. Five years after their last contribution, they will begin the first of five, yearly, withdrawals of $59,600 to pay the university's bills. How large must their yearly contributions be? $____.

Option 1

Low Cost Option
Download this past answer in few clicks

2.86 USD

PURCHASE SOLUTION

Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

rated 5 stars

Purchased 3 times

Completion Status 100%