We will be will only Wilkowych When why dom www. olac, YW 000 pe can may malayo Woo... tapi www.rje me 28, el teu prat, on le mele pe care it when he WYM www.hewhopen Camare party were 1 Wenhan and Jiachen are newlyweds and have just purchased a condominium for $70,000. Since the condo is very small, they hope to move into a single-family house in 5 years. How much will their condo be worth in 5 years (FV of a lump sum) if the real estate market is expected to grow at 5% per year? Bill plans to fund his Roth Individual Retirement Account (IRA) with the maximum contribution of $6,000 at the end of each year for the next 20 years. If Bill can earn 7% on his contributions, how much will he have at the end of the twentieth year (FV of an ordinary annuity)? You want to retire in 30 years and live on $50,000/year (ignore Inflation and assume this is what you will live on) How much money will you need to have in 30 years to receive $50,000 per year for 35 years of retirement (PV of an ordinary annuity)? Assume you expect to eam a conservative 4% on your investments in retirement If you can currently earn 8% on investments while you are working, what lump sum would you need to deposit today (PV of a lump sum) in order to have the necessary amount calculated in part a? If you can't afford the lump sum in part b., how much would you need to contribute monthly for the next 30 years to have the necessary amount calculated in part a.? Assume you can earn 8%/year, but it is compounded monthly, Solve for PMT, need to adjust interest rate and number of periods for monthly payments. You can afford to invest $200/month currently. You are saving for a $3,000 mountain bike. If you can earn 6% annually (compounded monthly) on your investments, how long (in years) will it take to earn the $3,000? Solve for N and adjust interest rate to monthly rate. Answer will be in months so convert to years. If you buy Dogecoin (cryptocurrency) today for $1,625, hold it for two years, then sell it for $3,625, what retum have you earned on this investment? Solve for 1/Y using TVM. For your college graduation, your parents want to give you the ultimate gift: casht They offer you two options. You can either have $2,000 at graduation this month or $750 at the end of each year for three years. Currently investments are paying around 7%. Which option should you choose? Solve for PV of $750 annual payment. Compare to graduation amount to see which is best or find the FV of each option and compare their value in three years