Reference no: EM133123670

Debbie wants to know how much her cost of living will be in 18 years, based on a 2.85% annual rate of inflation. Her current cost of living is $56,200.

$90,074.12

$33,889.02

$93,813.48

$93,199.51

Heather wants to have $2,150,000 on the day she retires 36 years from now. If she earns 8% annual return on her investments, how much does she need to invest each month, in order to reach her goal?

$53,039.85

$4,976.85

$15,194.46

$861.13

Roger needs to have $1,500,000 on the day he retires 35 years from now. If he earns 11.00% annual return on his investments, how much does he need to invest each month, in order to reach his goal?

$304.36

$3,571.43

$14,054.36

$36,543.60

Jimmy wants to know how much his cost of living will be in 30 years, based on a 2.5% annual rate of inflation. His current cost of living is $45,000.

$1,975,621.64

$86,710.34

$21,453.42

$94,390.54