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Answers must have 4 decimals % Exercise #1: What rate do you need to earn to triple your money in 15 years? -[1]. Timeline: Exercise
Answers must have 4 decimals % Exercise #1: What rate do you need to earn to triple your money in 15 years? -[1]. Timeline: Exercise #2: You want to withdraw $6,500 once year at the end of each year for the next 11 years, r=8%. How much money do you need to deposit now to fund the account fully? S .....[2]. Timeline: Exercise #3: You want to withdraw $6,500 once year at the beginning of each year for the next 11 years. r=8%. How much money do you need to deposit now to fund the account fully? .......[3].... Timeline: Exercise #4: You want to withdraw $350 once year at the end of each year starting 2 years from now and ending 6 years from now. r=8%. How much money do you need to deposit now to fund the account fully? $.......[4).............. Timeline: Exercise #5: You want to withdraw $350 once year at the end of each year starting 2 years from now forever, r=8%. How much money do you need to deposit now to fund the account fully? $ .....[5] Timeline: Exercise #6: You want to withdraw $X once year at the end of each year starting 2 years from now and ending 6 years from now. r=8%. You deposit $50,000 now. How much money can you withdraw each year 2-6? Hint Reverse the steps of exercise #4. $........[6]. Timeline: Exercise #7-8: You deposit $20,000 in the account now and you add an equal amount $X each year for the next 30 years. In 30 years, there are $675,000 in your account. r=6%. How much did you add at the end of each year over the 30 years? Timeline: Steps: FV of $20,000 30 years from now = S...[7)... Subtract the computed FV from $675,000. The difference is the FV that the payments have to accrue to Solve for PMT= $ [8] that produces that new FV. BLO
Answers must have 4 decimals
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