Assignment 2: LASA 1—The Time Value of Money

By the due date assigned submit a Four-5 web page report based mostly on the next downside:   Mary has been working for a college for nearly 25 years and is now approaching retirement. She needs to deal with a number of monetary points earlier than her retirement and has requested you to assist her resolve the conditions under. Her project to you is to offer a Four-5 web page report, addressing every of the next points individually. You're to indicate all of your calculations and supply an in depth rationalization for every problem. Subject A: For the final 19 years, Mary has been depositing $500 in her financial savings account , which has earned 5% per 12 months, compounded yearly and is predicted to proceed paying that quantity. Mary will make another $500 deposit one 12 months from at the moment. If Mary closes the account proper after she makes the final deposit, how a lot will this account be price at the moment? Subject B: Mary has been working on the college for 25 years, with a superb document of service. Because of this, the board needs to reward her with a bonus to her retirement bundle. They're providing her $75,000 a 12 months for 20 years, beginning one 12 months from her retirement date and every year for 19 years after that date. Mary would favor a one-time cost the day after she retires. What would this quantity be if the suitable rate of interest is 7%?   Subject C: Mary’s alternative is unexpectedly employed away by one other faculty, and Mary is requested to remain in her place for an additional three years. The board assumes the bonus ought to keep the identical, however Mary is aware of the current worth of her bonus will change. What could be the current worth of her deferred annuity? Subject D: Mary needs to assist pay for her granddaughter Beth’s training. She has determined to pay for half of the schooling prices at State College, which are actually $11,000 per 12 months. Tuition is predicted to extend at a fee of seven% per 12 months into the foreseeable future. Beth simply had her 12th birthday. Beth plans to start out faculty on her 18th birthday and end in 4 years. Mary will make a deposit at the moment and proceed making deposits every year till Beth begins faculty. The account will earn Four% curiosity, compounded yearly. How a lot should Mary’s deposits be every year as a way to pay half of Beth’s tuition firstly of every faculty every year? Flip in your accomplished work to the Submissions Space by means of the tip of the module.          Project 2 Grading Standards   Most Factors    Calculated the compounded curiosity over 20 years and evaluated the worth of the financial savings account upon closing. (CO 1)  32    Calculated the bonus payout over 20 years vs. a one time payout with curiosity and distinguished which bonus choice could be higher for the shopper. (CO 1)  32    Calculated the current worth of the bonus and analyzed the distinction in bonus for the shopper. (CO 2)  32    Analyzed the schooling prices for the shopper and decided what the long run prices shall be and decided how these funds may be accrued over time. (CO Four)  60    Written Parts: Group, utilization and mechanics, APA components, model  44    Complete:  200
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