Starting with $15,000, how much will you have in 14 years if you can earn 12 percent on your money? Round the answer to the nearest cent. Round FV-factor to three decimal places.
Calculate your answer based on the FV-factor.
$
Calculate your answer based on the financial calculator.
$
If you can earn only 8 percent? Round the answer to the nearest cent. Round FV-factor to three decimal places.
Calculate your answer based on the FV-factor.
$
Calculate your answer based on the financial calculator.
$
If you inherited $90,000 today and invested all of it in a security that paid a 10 percent rate of return, how much would you have in 20 years? Round the answer to the nearest cent. Round FV-factor to three decimal places.
Calculate your answer based on the FV-factor.
$
Calculate your answer based on the financial calculator.
$
If the average new home costs $255,000 today, how much will it cost in 6 years if the price increases by 6 percent each year? Round the answer to the nearest cent. Round FV-factor to three decimal places.
Calculate your answer based on the FV-factor.
$
Calculate your answer based on the financial calculator.
$
You think that in 15 years it will cost $247,000 to provide your child a 4-year college education. Will you have enough if you take $80,000 today and invest it for the next 15 years at 6 percent? Round the answer to the nearest cent. Round FV-factor and FVA-factors to three decimal places.
you will have approximately
$
than your estimate of $247,000.
If you start from scratch, how much will you have to save each year to have $247,000 in 15 years if you can earn a 6 percent rate of return on your investments?
Calculate your answer based on the FVA-factor.
$
Calculate your answer based on the financial calculator.
$
If you can earn 9 percent, how much will you have to save each year if you want to retire in 30 years with $1.8 million? Round the answer to the nearest cent. Round FVA-factor to three decimal places.
Calculate your answer based on the FVA-factor.
$
Calculate your answer based on the financial calculator.
$
You plan to have $1200000 in savings and investments when you retire at age 66. Assuming that you earn an average of 12 percent on this portfolio, what is the maximum annual withdrawal you can make over a 30-year period of retirement? Round the answer to the nearest cent. Round PVA-factor to three decimal places.
Calculate your answer based on the FVA-factor.
$
Calculate your answer based on the financial calculator.
$