TANSWER /PROBLEM roblem, show all the appropriate calculations and procedures. W
ID: 2795338 • Letter: T
Question
TANSWER /PROBLEM roblem, show all the appropriate calculations and procedures. When you retire you wi How much money do you need to save, by the time you retire,to achieve that financial goal? Assume that you could eam an annual rate of 8% on your i 30 years. nvested funds. C5 points) 38) You have no savings but your financial goal is to invest the same amount each month for the next 30 years in order to accumulate $1 million. If you can earn a return of 6% per year on your invested funds, how much do you have to invest sach month as to achieve your goal? (5 points) annual coupon rate is 7% paid on semiannual basis. If these bonds have eight years to matu what is the yield to maturity of these bonds? (5 points) 39) Bailey's Inc. bonds have a par value of $1,000 and currently sell for $1,160.00 each. These bondExplanation / Answer
37)
money saved on retirement
=10000*((1-(1+(8%/12))^(-30*12))/(8%/12))
=1362834.94
the above is the answer
we do only one question based on Chegg rule.
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