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I neeed these answered thank you so much Discounted Cash Flows - A/F or F/A Question 16 (8 points) You want to buy a vacation
I neeed these answered thank you so much
Discounted Cash Flows - A/F or F/A Question 16 (8 points) You want to buy a vacation property in 9 years and you want to have $80,000 available for a downpayment. How much do you need to save each month if your savings earn 4% interest per year? Your Answer: Answer Discounted Cash Flows - A/P or P/A Question 17 (8 points) You are planning for your retirement and want to be able to take a luxury vacation each year for 20 years after retiring. You want to have a lump sum that you can invest at 4% per year in a special account when you retire (assume annual compounding for simplicity). You want the fund to be completely spent after takis 20 vacations. If you plan to spend $7.000 for each vacation, how much money needs to be in this fund when you retire? Your Answer: Answer Discounted Cash Flows - P/F or F/P Question 18 (8 points) A trust fund has been set up for you that is currently worth $300,000. This trust fund has been invested in the Schwab 1000 index fund for you. You will be able to access these funds in 15 years. You believe the Schwab 1000 will have a return of 9% per year (assume annual compounding). If that is correct, what will what will your trust fund be worth in 15 years when you can start withdrawing funds? Your Step by Step Solution
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