Question

My pension plan is an annuity with a guaranteed return of 5% per year. (Assume compounding...

My pension plan is an annuity with a guaranteed return of 5% per year. (Assume compounding at same intervals as withdrawals or deposits) a. How much will I need in my account at retirement if I wish to be paid $12000 per quarter for 25 years?

Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
My pension plan is an annuity with a guaranteed return of 5% per year. (Assume compounding...
My pension plan is an annuity with a guaranteed return of 5% per year. (Assume compounding at same intervals as withdrawals or deposits) a) How much will I need in my account at retirement if I wish to be paid $12000 per quarter for 25 years? b) If I plan to work for 45 years before retiring, how much money would I need to deposit into my retirement account monthly to save the amount necessary for the payments in part...
Pensions Meg's pension plan is an annuity with a guaranteed return of 7% per year (compounded...
Pensions Meg's pension plan is an annuity with a guaranteed return of 7% per year (compounded quarterly). She would like to retire with a pension of $10,000 per quarter for 25 years. If she works 37 years before retiring, how much money must she and her employer deposit each quarter? (Round your answer to the nearest cent.) $
Jennifer's pension plan is an annuity with a guaranteed return of 6% per year (compounded monthly)....
Jennifer's pension plan is an annuity with a guaranteed return of 6% per year (compounded monthly). She can afford to put $300 per month into the fund, and she will work for 45 years before retiring. If her pension is then paid out monthly based on a 30-year payout, how much will she receive per month? (Round your answer to the nearest cent.) $
Suppose your pension plan is an annuity with a gauranteed return of 5% per year, compounded...
Suppose your pension plan is an annuity with a gauranteed return of 5% per year, compounded monthly. You can afford to put $500 per month into the fund, and you'll work 45 years before you retire. If your pension is paid out monthly based on a 25 year payout, how much will you receive each month of your retirement?
.  Jennifer’s pension plan is an annuity. Over her working life, she accumulates $ 499,000 in her...
.  Jennifer’s pension plan is an annuity. Over her working life, she accumulates $ 499,000 in her retirement account. The annual interest rate is 4%. The pension is then paid out quarterly based on a 25-year payout period. How much will Jennifer receive per quarter after she retires?
1. Find the periodic payments PMT necessary to accumulate the given amount in an annuity account....
1. Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $40,000 in a fund paying 5% per year, with monthly payments for 5 years, if the fund contains $10,000 at the start PMT = 2. Determine the selling price PV, per $1,000 maturity value, of the bond. (Assume twice-yearly interest payments. Do not round those payments...
find the present value of the decreasing annuity necessary to fund a withdrawal of 1700/quarter for...
find the present value of the decreasing annuity necessary to fund a withdrawal of 1700/quarter for 20 years, if the annuity earns 3%/year. (assume end of period deposits and compounding at the same intervals as deposits)
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume...
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $40,000 in a fund paying 5% per year, with quarterly payments for 20 years PMT = $  
Part 1. Today is my 50th birthday. I plan on retiring at age 65 estimating that...
Part 1. Today is my 50th birthday. I plan on retiring at age 65 estimating that I have another 25 years to live. In order to draw $150,000 each year over the next 25 years, how much do I need to have at the time of retirement? (assuming my retirement has a return of 10% per year) Part 2. If I have 1 million saved now and made no further contributions with a 10% return, will I have enough to...
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume...
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) 1) $20,000 in a fund paying 6% per year, with monthly payments for 10 years PMT = $ 2) $50,000 in a fund paying 5% per year, with monthly payments for 5 years, if the fund contains $10,000 at the start PMT = $
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT