How much money will Tom and Tricia have in 45 years if they do nothing for the next 10 years, then put $2400 per year away for the remaining 35 years?
How much money will Tom and Tricia have in 10 years if they put $2400 per year away for the next 10 years?
How much will the amount you just computed grow to if it remains invested for the remaining 35-years, but without any additional yearly deposits being made?
How much money will Tom and Tricia have in 45 years if they put $2400 per year away for each of the next 45 years?
How much money will Tom and Tricia have in 45 years if they put away $200 per MONTH at the end of each month for the next 45 years? (Remember to adjust the 9% annual rate to a Rate per month!) (Round this rate per month to 5 places past the decimal.) Example of rounding: .062134 = .06213 or 6.213%
If Tom and Tricia wait 25 years (after the kids are raised!) before they put anything away for retirement, how much will they have to put away at the end of each year for 20 years in order to have $1,200,000 saved up on the first day of their retirement 45 years from today?