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Debbie wants to know how much her cost of living will be in 18...

Debbie wants to know how much her cost of living will be in 18 years, based on a 2.85% annual rate of inflation. Her current cost of living is $56,200.

$90,074.12

$33,889.02

$93,813.48

$93,199.51

Heather wants to have $2,150,000 on the day she retires 36 years from now. If she earns 8% annual return on her investments, how much does she need to invest each month, in order to reach her goal?

$53,039.85

$4,976.85

$15,194.46

$861.13

Roger needs to have $1,500,000 on the day he retires 35 years from now. If he earns 11.00% annual return on his investments, how much does he need to invest each month, in order to reach his goal?

$304.36

$3,571.43

$14,054.36

$36,543.60

Jimmy wants to know how much his cost of living will be in 30 years, based on a 2.5% annual rate of inflation. His current cost of living is $45,000.

$1,975,621.64

$86,710.34

$21,453.42

$94,390.54

Business Finance

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Step-by-step explanation

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