Question

A 35-year-old woman decides to put funds into a retirement plan.
She can save $2,000 a year and earn 7 percent on this savings. How
much will she have accumulated if she retires at age 65? Use
Appendix C to answer the question. Round your answer to the nearest
dollar.

$

At retirement how much can she withdraw each year for 20 years
from the accumulated savings if the savings continue to earn 7
percent? Use Appendix D to answer the question. Round your answer
to the nearest dollar.

$

Answer #1

Your client is 34 years old. She wants to begin saving for
retirement, with the first payment to come one year from now. She
can save $2,000 per year, and you advise her to invest it in the
stock market, which you expect to provide an average return of 8%
in the future.
If she follows your advice, how much money will she have at 65?
Round your answer to the nearest cent.
$
How much will she have at...

Your client is 39 years old. She wants to begin saving for
retirement, with the first payment to come one year from now. She
can save $2,000 per year, and you advise her to invest it in the
stock market, which you expect to provide an average return of 10%
in the future.
If she follows your advice, how much money will she have at 65?
Do not round intermediate calculations. Round your answer to the
nearest cent.
$
How...

Your client is 21 years old. She wants to begin saving for
retirement, with the first payment to come one year from now. She
can save $8,000 per year, and you advise her to invest it in the
stock market, which you expect to provide an average return of 11%
in the future.
a. If she follows your advice, how much money will she have at
65? Round your answer to the nearest cent.
$
b. How much will she...

Your client is 23 years old. She wants to begin saving for
retirement, with the first payment to come one year from now. She
can save $15,000 per year, and you advise her to invest it in the
stock market, which you expect to provide an average return of 8%
in the future.
A. If she follows your advice, how much money will she have at
65? Round your answer to the nearest cent.
B. How much will she have...

Your client is 21 years old. She wants to begin saving for
retirement, with the first payment to come one year from now. She
can save $10,000 per year, and you advise her to invest it in the
stock market, which you expect to provide an average return of 6%
in the future.
If she follows your advice, how much money will she have at 65?
Round your answer to the nearest cent.
$
How much will she have at...

Your client is 27 years old. She wants to begin saving for
retirement, with the first payment to come one year from now. She
can save $11,000 per year, and you advise her to invest it in the
stock market, which you expect to provide an average return of 7%
in the future.
If she follows your advice, how much money will she have at 65?
Do not round intermediate calculations. Round your answer to the
nearest cent.
$
How...

Your client is 21 years old. She wants to begin saving for
retirement, with the first payment to come one year from now. She
can save $7,000 per year, and you advise her to invest it in the
stock market, which you expect to provide an average return of 12%
in the future.
*PLEASE DO NOT ROUND YOUR TOTALS!!
A. If she follows your advice, how much money will she have at
65? Round your answer to the nearest cent....

Your client is 29 years old. She wants to begin saving for
retirement, with the first payment to come one year from now. She
can save $8,000 per year, and you advise her to invest it in the
stock market, which you expect to provide an average return of 12%
in the future.
A.If she follows your advice, how much money will she have at
65? Round your answer to the nearest cent.
B. How much will she have at...

Your client is 32 years old. She wants to begin saving for
retirement, with the first payment to come one year from now. She
can save $5,000 per year, and you advise her to invest it in the
stock market, which you expect to provide an average return of 9%
in the future.
If she follows your advice, how much money will she have at 65?
Do not round intermediate calculations. Round your answer to the
nearest cent.
$
How...

Your client is 20 years old. She wants to begin saving for
retirement, with the first payment to come one year from now. She
can save $8,000 per year, and you advise her to invest it in the
stock market, which you expect to provide an average return of 11%
in the future.
If she follows your advice, how much money will she have at 65?
Do not round intermediate calculations. Round your answer to the
nearest cent.
How much...

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