Question: please answer all 4, question has been posted previously and has only recieved one answer Mark has decided to retire once he has $1,000,000 in

 please answer all 4, question has been posted previously and has
only recieved one answer Mark has decided to retire once he has
please answer all 4, question has been posted previously and has only recieved one answer

Mark has decided to retire once he has $1,000,000 in his retirement account. At the end of each year, he will contribute $7,000 to the account, which is expected to provide an annual return of 6.2%. How many years will it take until he can retire? 39 years O 36 years 37 years 38 years 42 years Suppose Mark's friend, Scott, has the same retirement plan, saving $7,000 at the end of each year and retiring once he hits $1,000,000. However, Scott's account is expected to provide an annual return of 7.9%. How much sooner can Scott retire? O 5 years O 8 years 7 years 4 years 0 6 years After 25 years, neither Mark nor Scott will have enough money to retire, but how much more will Scott's account be worth at this time? $289,671 $130,073 $107,938 $215,877 After 25 years, neither Mark nor Scott will have enough money to retire, but how much more will Scott's account be worth at this time? O $289,671 O $130,073 O $107,938 O $215,877 $109,283 Mark is jealous of Scott because Scott is scheduled to retire before him, so Mark decides to make whatever end-of-year contribution is necessary to reach the $1,000,000 goal at the same time as Scott. If Mark continues to earn 6.2% annual interest, what annual contributions must he make in order to retire at the same time as Scott? $8,226 $8,789 $9,873 $13,241 $16,452

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