9 & 10

Question 9 Homework - Answered Following her 18th birthday, Madison began investing $46 at the end of each week in an account earning 4% per year. She plans to continue making weekly investments until she turns 68. Instead, if she hadn't started investing until she turned 58, how much would she have had to invest each week in order to have the same retirement nest egg at age 68? Round to the nearest cent. (Hint: Find the size of the retirement nest egg under the first 50-year scenario, then use that number to solve for CF under the shorter investment horizon scenario.] Type your numeric answer and submit Cannot be empty Hint First find the FV of a weekly annuity under the 50-year scenario. This is also the FV annuity of the shorter-horizon annuity in the second scenario. Solve for the CF of that shorter annuity. Careful with n in the second scenario; it should be the number of years of savings until age 68 Resubmit Answered - Incorrect 2 attempts left Question 10 Homework - Answered An asset is projected to generate 19 annual cash flows of $2,000 starting 7 years from today. If the discount rate is 796, how much is this asset worth today? Round to the nearest cent. (Hint: This is a deferred annuity, Remember the rule about where on the timeline PV annuity goes when you have a deferred annuity.) Type your numeric answer and submit Cannot be empty