Answer for with steps of how you concluded to your amswer as this would be greatly appreciated.
answer number 4
X Auto File U . TVMP. Jonathan Webb Home Insert Design Layout References Mailings Review ViewHelp - aq x Home.GA 1. The lamisons are planning for their daughter's education. She expects to attend Yale University. Tuition currently costs $30,000 per year and is paid in advance and they expect their son to attend college for 5 years. They expect their investments to earn 10% semi-annually and tuition inflation to be 3% each year. How much must the Jamisons invest today to meet their goal? LS 2. Karen and Martin are planning to retire today. They would like to receive $50,000 per year in today's dollars, at the beginning of each year, for the next 30 years. They expect their investments to earn 13.89% per year and inflation to be 3% each year. How much must they have today, to meet their goal? LS 3. Winston and Wanda bought a home for $750,000 on May 1". They made an initial investment of 15% and financed the balance over 20 years at 3.25%. What is their monthly mortgage payment and when do they make it? a. How much interest will they pay in the first calendar year? b. How much principal will they repay in the first calendar year? c. What is the outstanding principal on their loan at calendar year end? i 4. Big Money Bob won $50 million in the New York lottery. He can elect to receive a single lump sum payout of $22 million after taxes or receive an annuity of $1,500,000 after tax, at the end of each year for the next 20 years. What rate of return would he need to earn to make the lump sum payout, equivalent to the annuity payment? Should Bob take the lump sum payment or the annuity? inund cinno che hai hain Page 1 of 1 306 words - 1:30 PM 44 9723/2019 0 X Auto File U . TVMP. Jonathan Webb Home Insert Design Layout References Mailings Review ViewHelp - aq x Home.GA 1. The lamisons are planning for their daughter's education. She expects to attend Yale University. Tuition currently costs $30,000 per year and is paid in advance and they expect their son to attend college for 5 years. They expect their investments to earn 10% semi-annually and tuition inflation to be 3% each year. How much must the Jamisons invest today to meet their goal? LS 2. Karen and Martin are planning to retire today. They would like to receive $50,000 per year in today's dollars, at the beginning of each year, for the next 30 years. They expect their investments to earn 13.89% per year and inflation to be 3% each year. How much must they have today, to meet their goal? LS 3. Winston and Wanda bought a home for $750,000 on May 1". They made an initial investment of 15% and financed the balance over 20 years at 3.25%. What is their monthly mortgage payment and when do they make it? a. How much interest will they pay in the first calendar year? b. How much principal will they repay in the first calendar year? c. What is the outstanding principal on their loan at calendar year end? i 4. Big Money Bob won $50 million in the New York lottery. He can elect to receive a single lump sum payout of $22 million after taxes or receive an annuity of $1,500,000 after tax, at the end of each year for the next 20 years. What rate of return would he need to earn to make the lump sum payout, equivalent to the annuity payment? Should Bob take the lump sum payment or the annuity? inund cinno che hai hain Page 1 of 1 306 words - 1:30 PM 44 9723/2019 0
