Complete your own budget using the attached the Family Monthly Budget sheet below. Use Time Value...

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Finance

Complete your own budget using the attached the Family MonthlyBudget sheet below. Use Time Value of Money techniques to calculatethe following:
How much money do you need to accumulate to retire at age 40(with a life expectancy of 90)?
How much money do you need to accumulate to retire at age 65(with a life expectancy of 90)?
If you had $2,000,000 and retired at age 65, how much would yoube able to receive monthly with a 25-year payout?
If you had $2,000,000 and retired at age 40, how much would yoube able to receive monthly with a 50-year payout?
Describe the PV, i, N, FV, and Pmt in each scenario.

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3.7 Ratings (586 Votes)

Say i10 EAR and I need 10000 every year after retirementup to 90 years if I retire at 40 yearPMT10000N See Answer

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Complete your own budget using the attached the Family MonthlyBudget sheet below. Use Time Value of Money techniques to calculatethe following:How much money do you need to accumulate to retire at age 40(with a life expectancy of 90)?How much money do you need to accumulate to retire at age 65(with a life expectancy of 90)?If you had $2,000,000 and retired at age 65, how much would yoube able to receive monthly with a 25-year payout?If you had $2,000,000 and retired at age 40, how much would yoube able to receive monthly with a 50-year payout?Describe the PV, i, N, FV, and Pmt in each scenario.