Question 10.5 pts

Blake wants to have $1,875,000 on the day he retires 32 years from now. If he earns 10.5% annual return on his investments, how much does he need to invest each month, in order to reach his goal?

Group of answer choices

$4,882.81

$599.39

$17,005.64

$51,027.26

Flag question: Question 2Question 20.5 pts

Luke wants to know how much his cost of living will be in 35 years, based on a 2.30% annual rate of inflation. His current cost of living is $48,500.

Group of answer choices

$21,882.38

$108,396.23

$96,718.47

$107,495.16

Flag question: Question 3Question 30.5 pts

Heather wants to have $2,150,000 on the day she retires 36 years from now. If she earns 8% annual return on her investments, how much does she need to invest each month, in order to reach her goal?

Group of answer choices

$4,976.85

$53,039.85

$861.13

$15,194.46

Flag question: Question 4Question 40.5 pts

Grayson plans to withdraw $55,000 each year from his retirement account for a 23-year period. The account earns 9% annual interest. How much does Grayson need to have in the account at the beginning of his retirement, in order to allow these withdrawals?

Group of answer choices

$526,911.38

$202,020.61

$62,577.98

$3,824,256.62

Flag question: Question 5Question 50.5 pts

Sophie wants to know how much her cost of living will be in 10 years, based on a 2.20% annual rate of inflation. His current cost of living is $75,000.

Group of answer choices

$828,778.22

$93,233.12

$92,496.47

$60,332.64

Flag question: Question 6Question 60.5 pts

Jason needs to have $900,000 on the day he retires 33 years from now. If he earns 9.00% annual return on his investments, how much does he need to invest each month, in order to reach his goal?

Group of answer choices

$2,272.73

$24,138.43

$7,119.31

$369.31

Flag question: Question 7Question 70.5 pts

Todd wants to have $895,600 on the day he retires 29 years from now. If he earns 6.5% annual return on his investments, how much does he need to invest each month, in order to reach his goal?

Group of answer choices

$873.62

$28,604.05

$5,724.79

$2,573.56

Flag question: Question 8Question 80.5 pts

Sam plans to withdraw $81,400 each year from his retirement account for a 26-year period. The account earns 9.5% annual interest. How much does Sam need to have in the account at the beginning of his retirement, in order to allow these withdrawals?

Group of answer choices

$775,907.60

$278,232.69

$89,088.78

$8,214,423.81

Flag question: Question 9Question 90.5 pts

Jared plans to withdraw $7,000 each month from his retirement account for a 29-year period. The account earns 8.5% annual interest. How much does Jared need to have in the account at the beginning of his retirement, in order to allow these withdrawals? Assume monthly compounding.

Group of answer choices

$21,366.61

$74,622.28

$7,600.26

$903,493.41

Flag question: Question 10Question 100.5 pts

Matt wants to know how much his cost of living will be in 32 years, based on a 2.45% annual rate of inflation. His current cost of living is $60,000.

Group of answer choices

$27,654.67

$118,456.09

$130,176.94

$2,864,364.89