Jamie wants to have $1,000,000 for her retirement in 25 years. How much should she save annually if she thinks she can earn 10% on her investments?
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Jamie wants to have $1,000,000 for her retirement in 25 years. How much should she save annually if she thinks she can earn 10% on her investments?
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- Jamie wants to have $800,000 for her retirement in 25 years. How much should she save annually if she expects to earn 10% on her investments?A 45-year-old woman decides to put funds into a retirement plan. She can save $2,000 a year and earn 6 percent on this savings. How much will she have accumulated if she retires at age 65? At retirement how much can she withdraw each year for 20 years from the accumulated savings if the savings continue to earn 6 percent?b. Jamie wants to have $2,000,000 for her retirement in 25 years. How much should she save annually if she thinks she can earn 8% on her investments?
- Monica has decided that she wants to build enough retirement wealth, if invested at 8 percent per year, to provide her with $3,500 of monthly income for 20 years. To date, she has saved nothing, but she still has 30 years until she retires. How much money does she need to contribute per month to reach her goal? First compute how much money she will need at retirement, then compute the monthly contribution to reach that goal.Suzette is receiving $10,000 today, $15,000 one year from today, and $25,000 four years from today. She will immediately invest these funds for retirement. If she earns 9.6 percent on her investments, how much will she have in savings 30 years from today?Asha feels she needs $45,000 per year in retirement. If she receives $30,000 a year from Social Security , at what interest rate must Asha invest her $25,000 of savings for her total income to be at least $45,000 per year
- Sousan wants to save money for her retirement. She plans on putting $200 into an Annuity each month. She found an annuity that earns 3.5% compounded monthly. How much will she have in 25 years? How much will she have deposited? How much interest will she have earned?Mary's 25th birthday is today, and she hopes to retire on her 65th birthday. She has determined that she wil need to have $1,000,000 in her retirement savings account in order to live comfortably. Mary currently has no retirement savings, and her investments will earn 6% annually. How much must she deposit into her account at the end of each of the next 40 years to meet her retirement savings goal?Meredith, who is single, would like to contribute $6,000 annually to her Roth IRA. Her AGI is $125,000. What is the maximum amount that Meredith can contribute? Show your calculations using Microsoft Excel. 2. Assume that Meredith’s AGI is $100,000. She plans to put $6,000 each year into her Roth IRA, hoping to earn 6% annually. What future value will accumulate in her Roth at the end of 20 years? 3. In part (b), instead assume that Meredith puts the $6,000 into the Roth for 15 years at 6%. How much will accumulate at the end of this period?
- Jane has been given an opportunity to receive 20,000, six years from now. If she can earn 10% on her investments, what is the most she should pay for this. opportunity?Aini wishes to have 93,000USD to purchase a car in 6 years as part of her financial goals. How much should she save annually if she thinks she can earn 8% on her investments?Molly would like to spend $55,000 (inflation adjusted, in today's dollars) each year in retirement for 35 years (beginning of year). She believes she can earn a 8.5% rate of return pre-retirement, 5.5% during retirement, and inflation will be 3.0%. She has 30 years until he plans on retiring and she's already saved $50,000 towards her goal. Approx. how much does she need at retirement to accomplish her goal? O $4,236,000 $3,200,023 O $2,759,000 O $1,980,000 4