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Here is my question. I got 1 hour. Thank you so much for your help. This is a matter for me. Have a great weekend.
Here is my question. I got 1 hour. Thank you so much for your help. This is a matter for me. Have a great weekend.
Question 1 1 pts You are a trust fund baby, but you cannot touch your money until you are 30. You are now 20 and want to plan for your future based on the current value of your trust fund. The guaranteed payout of your trust is $42,000. What is that money worth to you today, if you assume an annual interest rate of 3% compounded annually? Which formula would you use to solve this question? ow on: OFVA 0mm 0 Not enough information to determine Question 2 4 pts You are a trust fund baby, but you cannot touch your money until you are 30. You are now 20 and want to plan for your future based on the current value of your trust fund. The guaranteed payout of your trust is $42,000. What is that money worth to you today, if you assume an annual interest rate of 3% compounded annually? Please solve this problem and then choose the answer closest to it below. 0 $31,251.36 0 $1?,303.13 0 $56,444.49 0 $23,254.53 0 $42,000 Question 3 1 pts You decide to set aside $120 a month for your future. Assuming an interest rate of 6.35%, how much will you have after 25 years? Which formula would you use to solve this? QFVA on: ow OWA OFVP Question 4 2 pts You decide to set aside $120 a month for yourfuture. Assuming an interest rate of 6.35%, how much will you have after 25 years? Please solve and select the answer closest to it below 0 $3?,7?9.46 0 $33,010.94 0 $110,466.19 0 $16?,?79.3? 0 $5 5,926 .62 Question 5 2 pts You decide to set aside $120 a month for yourfuture. Assuming an interest rate of 6.35%, How much more would you have if you invested for 30 years instead of 25? Please solve and select the answer closest to it below 0 $41,156.0? 0 $151,622.26 0 $128,946.52 0 $63,332.00 0 $7,200.00 Question 6 2 pts Your grandpa is an excellent investor and has averaged a 11% rate of return. Over the same time period, ination has averaged 3.6%. What is the real rate of return your grandpa has earned on his investments? 0 114% O 11% O 14% 0 -25% o 3.6% Question 7 3 pts Your grandpa is an excellent investor and has averaged a 11% rate of return. If your Grandpa invested $15,000 25 years ago, what is the current value of his investment, assuming annual compounding? Please select the answer closest to what you calculated. 0 $203,781.96 0 $41,250.00 0 $19,213.33 0 $53,250.00 0 $226,196.91 Question 8 1 pts When you retire, your company promises to pay you $1,500 a month for 15 years. What is the value of this retirement annuity to you today, assuming 3% interest rate? Which formula would you use to solve this question? OWA OPv on: 0 WA Question 9 4 pts When you retire, your company promises to pay you $1,500 a month for 15 years. What is the value of this retirement annuity to you today, assuming 3% interest rate? Please select the answer closest to your calculation 0 $212,203.21 0 $220,000 0 $214,332.33 0 $22,055.30 0 $203,352.20Step by Step Solution
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