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21 years ago, the average home sale price in your hometown was $87,205. Today the average price of a house is $315,536. What was the
21 years ago, the average home sale price in your hometown was $87,205. Today the average price of a house is $315,536. What was the average annual rate of change in the price of houses over this time period? (You should calculate the compound growth rate in this problem). Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) An investor earns 11.97 percent before tax and is subject to a 12 percent tax on such earnings. Calculate the investor's after-tax rate of return. Round the answer to two decimals in percentage form. Please write \% sign in the units box. Your retired client has accumulated investment and retirement assets totaling $2,332,000. Assume the client expects to live for another 17 years and that he assumes an annual inflation rate of 3.36 percent. To leave his heirs the future value of the $2,332,000 at the end of the 17 years, the value of the assets at that time would need to grow to. (Please write your answer in "Your Answer" box). Round the answer to ?cimal places. For the next 4 years, your client decided to place $2,644 in equal year-end deposits into a savings account earning 5.61 percent per year. How much money will be in the account at the end of that time period? Now William knows that he will have $1,118,000 in his inheritance fund, when he will reach age sixty-five. He would like to know how much he could withdraw from the fund in equal installments at the end of each year from the year he reaches age 65 until he reaches age 701/2, the year he must start withdrawing funds from his individual retirement account (IRA). William assumes the funds will continue to earn at a 7.88 percent annual rate. In other words, William would like to know the annual year-end payment from a six-year annuity (from age 65 to the year he will be 701/2 ), earning 7.88 percent annually on a principal sum of $1,118,000. Round the answer to two decimal places
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