Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

tony robins' wealth strstegy is the same for question 2 & 3 Question Two: If you earn 8.000%[A), what is the value of your account

image text in transcribed
tony robins' wealth strstegy is the same for question 2 & 3
Question Two: If you earn 8.000%[A), what is the value of your account at age 30. Careful: this is a black diamond question. You have monthly deposits (cash flows) but an annual interest rate... Answer in S, to two decimal places ie $x.xxx 54,883.81 Incorrect Question 25 0/10 pts 25. Tony Robbins' wealth strategy. Save $300 per month from age 20 to age 30 (.e. 10 years), and then you stop making any monthly deposits, and you leave the account alone until you are 65 years old (e. leave it alone for 35 years). Question Three: At 65 years old, you have saved up a lot of money. Now, you're retired and want to take out a monthly annuity payment from the account, such that at age 95 the value of the account is zero. If you live to 96, you'll move in with the kids. If the account still earns 8.000XIA), what is the monthly payment you can withdraw. Answer in S. to two decimal placesie. Sx.xxx JE REC

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations Of Financial Management

Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen

13th Edition

0073382388, 978-0073382388

More Books

Students also viewed these Finance questions

Question

List the different categories of international employees. page 689

Answered: 1 week ago