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Mathematics, 26.03.2021 17:10 angie249
1. If an individual determines that they would like to retire in 20 years with $500,000 as the future value that is in their IRA, which earns 6% compounded monthly, how much money (rounded to the nearest cent) should they be putting away into the account each month?
2. Out of pocket costs for an investment are $50,000. The net profit each year is $17,132. This investor's ROI is _percent (rounded to the nearest two decimal places)
3. Investment Fund A offers a 10.2% nominal rate compounded quarterly, while Fund B offers a nominal rate of 10.18% compounded continuously.
4. Monthly deposits of $300 are made into an annuity that pays 5% compounded semiannually for 40 years.
The rate per period, given as a decimal, not a percentage, is i = ?
The total number of periods is n = ?
5. How long will it take an investment of $2,000 to reach $3,000 if it is earning 4% interest compounded annually? Round to two decimal places.
I need to see all the calculations and answers underneath the questions please. They're very important and I need them right away
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1. If an individual determines that they would like to retire in 20 years with $500,000 as the futur...
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