Use future or present value techniques to solve the following problems Starting with $15,000, how much will you have in 16 years if you can earn 12 percent on your money Round the answer to the nearest cent Round FV factor to three decimal places Calculate your answer based on the FV factor $ Calculate your answer based on the financial calculator $ If you can earn only 6 percent Round the answer to the nearest cent Round FV factor to three decimal places Calculate your answer based on the FV factor $ Calculate your answer based on the financial calculator $ If you inherited $30,000 today and invested all of it in a security that paid a 13 percent rate of return, how much would you have in 25 years Round the answer to the nearest cent Round FV factor to three decimal places Calculate your answer based on the FV factor $ Calculate your answer based on the financial calculator $ If the average new home costs $210,000 today, how much will it cost in 11 years if the price increases by 5 percent each year Round the answer to the nearest cent Round FV factor to three decimal places Calculate your answer based on the FV factor $ Calculate your answer based on the financial calculator $ You think that in 15 years, it will cost $212,000 to provide your child a 4 year college education Will you have enough if you take $77,000 today and invest it for the next 15 years at 5 percent Round the answer to the nearest cent Round FV factor and FVA factors to three decimal places Select YesNoItem 9 , you will have approximately $ Select morelessItem 11 than your estimate of $212,000 If you start from scratch, how much will you have to save each year to have $212,000 in 15 years if you can earn a 5 percent rate of return on your investments Calculate your answer based on the FVA factor $ Calculate your answer based on the financial calculator $ If you can earn 3 percent, how much will you have to save each year if you want to retire in 30 years with $1 8 millions Round the answer to the nearest cent Round FVA factor to three decimal places Calculate your answer based on the FVA factor $ Calculate your answer based on the financial calculator $ You plan to have $1,000,000 in savings and investments when you retire at age 67 Assuming that you earn an average of 7 percent on this portfolio, what is the maximum annual withdrawal you can make over a 20 year period of retirement Round the answer to the nearest cent Round PVA factor to three decimal places Calculate your answer based on the PVA factor $ Calculate your answer based on the financial calculator $

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 28, 2024

Use future or present value techniques to solve the following problems. Starting with $15,000, how much will you have in 16 years if you can

Use future or present value techniques to solve the following problems.

Starting with $15,000, how much will you have in 16 years if you can earn 12 percent on your money? Round the answer to the nearest cent. Round FV-factor to three decimal places.
Calculate your answer based on the FV-factor.

$

Calculate your answer based on the financial calculator.

$

If you can earn only 6 percent? Round the answer to the nearest cent. Round FV-factor to three decimal places.

Calculate your answer based on the FV-factor.

$

Calculate your answer based on the financial calculator.

$
If you inherited $30,000 today and invested all of it in a security that paid a 13 percent rate of return, how much would you have in 25 years? Round the answer to the nearest cent. Round FV-factor to three decimal places.
Calculate your answer based on the FV-factor.

$

Calculate your answer based on the financial calculator.

$
If the average new home costs $210,000 today, how much will it cost in 11 years if the price increases by 5 percent each year? Round the answer to the nearest cent. Round FV-factor to three decimal places.
Calculate your answer based on the FV-factor.

$

Calculate your answer based on the financial calculator.

$
You think that in 15 years, it will cost $212,000 to provide your child a 4-year college education. Will you have enough if you take $77,000 today and invest it for the next 15 years at 5 percent? Round the answer to the nearest cent. Round FV-factor and FVA-factors to three decimal places.

-Select-YesNoItem 9 , you will have approximately $ -Select-morelessItem 11 than your estimate of $212,000.

If you start from scratch, how much will you have to save each year to have $212,000 in 15 years if you can earn a 5 percent rate of return on your investments?

Calculate your answer based on the FVA-factor.

$

Calculate your answer based on the financial calculator.

$
If you can earn 3 percent, how much will you have to save each year if you want to retire in 30 years with $1.8 millions? Round the answer to the nearest cent. Round FVA-factor to three decimal places.
Calculate your answer based on the FVA-factor.

$

Calculate your answer based on the financial calculator.

$
You plan to have $1,000,000 in savings and investments when you retire at age 67. Assuming that you earn an average of 7 percent on this portfolio, what is the maximum annual withdrawal you can make over a 20-year period of retirement? Round the answer to the nearest cent. Round PVA-factor to three decimal places.
Calculate your answer based on the PVA-factor.

$

Calculate your answer based on the financial calculator.

$