Question
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
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
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