Question: please help with number 3 2. You and your significant other are planning to retire and open a chicken ranch in 40 years. However, you
2. You and your significant other are planning to retire and open a chicken ranch in 40 years. However, you begin a retirement fund to make your dreams come true. You plan to invest $5,000 each year for the 40- year period at 5 percent. If your first of the forty payments into the retirement fund will occur at the end of this year (a regular annuity), approximately how much will you have in the fund at the end of 2061? The answers have been rounded slightly A. $ 534,000 B. $ 604.000 C. $ 619.050 D. $ 689.270 E. S 744.410 3. Wow! The retirement fund that you computed in Problem 2 looks so good that you can't wait to get started with your savings plan. What will the find be worth at the end of 2061 if you begin your investment process today (that is the investment will be an annuity due)? All other factors, other than the timing of the annuity investments will remain the same as the retirement scenario in Problem 2. The answers have been rounded slightly A. $ 534,000 B. $ 604.000 C. $ 619,050 D. $ 634.200 E. $ 744.410
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