Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 17 Oct 2017 My Price 3.00

round intermediate calculations

You believe you will need to have saved $500,000 by the time you retire in 40 years in order to live comfortably. You also believe that you will inherit $100,000 in 10 years. (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Round your answers to 2 decimal places.)

If the interest rate is 6% per year, what is the future value of your inheritance at retirement?
  Future value $   

 

How much must you save each year to meet your retirement goal? (Assume you save your entire inheritance. This is the amount needed in addition to the inheritance.)
  Annual savings required $   

 

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Oct 2017 11:10 AM My Price 3.00

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