How much do you need to invest each month

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Q1. Your plan is to have $4,500,000 on hand to retire 40 years from now. At 9% interest (annual), how much do you need to invest each month, in order to save the $4.5 million?

Q2. You want to retire on $75,000 per year (in today's terms). You will retire in 35 years. Inflation is expected to be 3%. How much will you need per year during retirement to have the same standard of living as you have today?

Q3. If you want to live on the equivalent of $100,000 per year (in today's term) how much money will you need 25 years from now, at 3.5% inflation?

Q4. You know that you need $2,100,000.00 in order to fund your retirement in 30 years. Assuming you can earn 9% annual return on your investments, how much do you need to invest per month, in order to reach your retirement goal?

Q5. Loan of $175,000, 8% interest (annual), monthly payments, 360 periods (months): How many periods to pay off this loan, if you pay an extra 350 per month in extra principle?

Reference no: EM133114683

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