How much would your monthly contributions

Reference no: EM133559709

Question: Suppose that you just turned 25 years old and that you wish to receive a monthly ordinary annuity of $6,220 for 30 years (ages 65-95, end of month payments). How much would your monthly contributions also be at the end of each month until age 60, if you let the funds vest until age 65 with no further contributions? Your EAR is 8%?

Reference no: EM133559709

Questions Cloud

What is the dollar amount of income : What is the dollar amount of income that she needed to have to reach her objective? Round to two decimal places

List three ways the spread of infection can be prevented : List four rights and responsibilities of both the employer and employees in terms of safe work practices? Employees Rights Employees Responsibilities Employers

Do you believe that the outcome of discipline in most cases : Do you believe that the outcome of discipline in most cases is predetermined before the investigation is completed? Do we have each other's backs?

How the u.s. corporation could hedge the receivables : How the U.S. corporation could hedge the receivables and payables with future contracts. Would this be necessary for your company

How much would your monthly contributions : How much would your monthly contributions also be at the end of each month until age 60, if you let the funds vest until age 65 with no further contributions

How much will your monthly payments be : finance the rest at 4.22% APR, making monthly payments for 30 years at the end of each month. How much will your monthly payments be

What does the speaker do to build her credibility : What does the speaker do to build her credibility? That is, why should the audience trust her and listen to what she has to say on this topic?

Which government institution can make the most money : Which government institution can make the most money? What tools does the Fed have to regulate the issuance of money in the economy?

How much do you gain or lose by buying : How much do you gain (+) or lose (-) by buying the car instead of using the lease-purchase option?

User Account

All Pages