Question 10.5 pts

Logan wants to know how much his cost of living will be in 16 years, based on a 2.65% annual rate of inflation. His current cost of living is $54,700.

Group of answer choices

$83,545.90

$35,995.16

$83,124.79

$81,058.95

Flag question: Question 2

Question 20.5 pts

Alfred wants to have $1,350,000 on the day he retires 34 years from now. If he earns 7.00% annual return on his investments, how much does he need to invest each month, in order to reach his goal?

Group of answer choices

$3,308.82

$809.32

$8,684.32

$36,013.77

Flag question: Question 3

Question 30.5 pts

Wesley wants to know how much his cost of living will be in 25 years, based on a 2.35% annual rate of inflation. His current cost of living is $63,520.

Group of answer choices

$107,312.18

$114,237.58

$113,528.96

$35,539.75

Flag question: Question 4

Question 40.5 pts

Annie wants to know how much her cost of living will be in 27 years, based on a 2.70% annual rate of inflation. Her current cost of living is $72,500.

Group of answer choices

$150,169.95

$148,846.96

$35,313.12

$138,231.83

Flag question: Question 5

Question 50.5 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

$96,718.47

$108,396.23

$21,882.38

$107,495.16

Flag question: Question 6

Question 60.5 pts

Bruce plans to withdraw $200,000 each year from his retirement account for a 28-year period. The account earns 10.00% annual interest. How much does Bruce need to have in the account at the beginning of his retirement, in order to allow these withdrawals?

Group of answer choices

$213,868.67

$653,783.36

$26,841,987.22

$1,861,313.30

Flag question: Question 7

Question 70.5 pts

Ron plans to withdraw $94,000 each year from his retirement account for a 21-year period. The account earns 7.5% annual interest. How much does Ron need to have in the account at the beginning of his retirement, in order to allow these withdrawals?

Group of answer choices

$978,867.15

$114,584.96

$4,469,938.05

$340,462.61

Flag question: Question 8

Question 80.5 pts

Sandra wants to know how much her cost of living will be in 24 years, based on a 2.95% annual rate of inflation. Her current cost of living is $42,900.

Group of answer choices

$80,919.14

$86,196.52

$87,008.26

$21,351.33

Flag question: Question 9

Question 90.5 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

$7,119.31

$24,138.43

$2,272.73

$369.31

Flag question: Question 10

Question 100.5 pts

Jimmy wants to know how much his cost of living will be in 30 years, based on a 2.5% annual rate of inflation. His current cost of living is $45,000.

Group of answer choices

$86,710.34

$94,390.54

$1,975,621.64

$21,453.42