If you invest $6,000 per year to your Roth IRA account between now and your target...

 

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If you invest $6,000 per year to your Roth IRA account between now and your target retirement in 13 years, how much will you have in your retirement account as you retire (assuming an annual return of 4.59%, and each contribution is at the end of each year)? (Please enter your answer to the penny.) Question 5 10 pts You want to finance a new car. The car costs $71,606, and you want to pay for the car over 7 years. The dealership is offering a promotional interest rate of 3.44%, If you have to borrow the full amount of $71,606, how much would your monthly payment be? (Please enter your answer to the nearest penny.) A Question 6 10 pts You have become extremely wealthy in large measure due to your Tarleton education. You have decided to set up a fund that will support an orphanage in a poor country. Based on your research, a small facility would require $144,994 per year (salary, location, clothing, education and food). If you assume that you can earn 3.01% on your investment, how much will you have to donate to fund this orphanage in perpetuity (enter your answer to the nearest cent)? If you invest $6,000 per year to your Roth IRA account between now and your target retirement in 13 years, how much will you have in your retirement account as you retire (assuming an annual return of 4.59%, and each contribution is at the end of each year)? (Please enter your answer to the penny.) Question 5 10 pts You want to finance a new car. The car costs $71,606, and you want to pay for the car over 7 years. The dealership is offering a promotional interest rate of 3.44%, If you have to borrow the full amount of $71,606, how much would your monthly payment be? (Please enter your answer to the nearest penny.) A Question 6 10 pts You have become extremely wealthy in large measure due to your Tarleton education. You have decided to set up a fund that will support an orphanage in a poor country. Based on your research, a small facility would require $144,994 per year (salary, location, clothing, education and food). If you assume that you can earn 3.01% on your investment, how much will you have to donate to fund this orphanage in perpetuity (enter your answer to the nearest cent)?

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Solution Question 4 To calculate the amount you will have in your retirement account after 13 years assuming an annual return of 459 and contributions ... View the full answer