Question: Please answer them correctly. Read the instructions carefully. You are planning to invest $2,000 in an account earning 9% per year for retirement a. Il
Please answer them correctly. Read the instructions carefully.




You are planning to invest $2,000 in an account earning 9% per year for retirement a. Il you put the $2,000 in an account at age 23, and withdraw it 31 years later, how much will you have? b. If you wait 10 years before making the deposit, so that it stays in the account for only 21 years, how much will you have at the end? a. If you put the $2,000 in an account at age 23 and withdraw it 31 years later, how much will you have? In 31 years you would have $ (Round to the nearest cent) You want to endow a scholarship that will pay $10.000 per year forever, starting one year from now. If the school's endowment discount rate is 4 what amount must you donate to endow the scholarship? How would your answer change if you endow it now, but it makes the first award to a student 10 years from today? in the first case, the amount you must donate today is Round to the nearest cent.) Assume that your parents wanted to have $120.000 saved for college by your 18th birthday and they started saving on your first birthday. They saved the same amount each year on your birthday and earned 9.0% per year on their investments a. How much would they have to save each year to reach their goal? b. If they think you will take five years instead of four to graduate and decide to have $160.000 saved just in case, how much would they have to save each year to reach their new goal? a. How much would they have to save each year to reach their goal? To reach the goal of $120.000. the amount they have to save each year is (Pound to the nearest cent)
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