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Posts Tagged ‘much’

How much money will I receive if I hold a bond all the way up til its maturity date?

11 Aug

I need help with bonds! I know a little bit about them, but I want to know exactly what it is that I am getting in terms of my money when I purchase one.

For instance, let’s say that I want to buy a T-Note with a $5,000 face value, 5 year maturity, current yield of 2.665%, interest rate (Yield to Maturity) of 2.625%, and a purchase price of $99.813909 per $100 (in my calculation, that translates to $4,990.70 – please correct me if I’m wrong!). I don’t understand the whole present value and future value talk surrounding this example… so let me just state what I think the total amount of money that I would accumulate if I held the bond to the end of the 5th year would be: $6,341.80 ($5,000 principal + $1,332.50 of coupon interest payments [$133.25 x 10 {2 payment per year for 5 years}] + $9.30 [$5,000 face value - $4,990.70 purchase price].

Now someone PLEASE let me know whether I am completely incorrect (which I think I am) or whether I actually have the slightest clue of what I’m doing here…

 
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how much is an average house payment?

04 Jun

i am in high school and we have to do this future life thing and i just needed to know how much an average house payment cost!

 
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How much should we be saving for retirement?

21 May

My husband only works, I am a stay at home mother of four children ( I worked for 8 years as a lab manager before having children). How much should we be saving for retirement? He is 35 years old, I am 36 years old. We currently max out his 401K at 15% of his pre-tax salary. We also save 10% post tax into an annuity type account (life insurance also). When I use retirement calculators, they usually say we should be saving only 5% of our pre-tax income actually since we started at age 26 or so, but I believe that this is only for 1 person, and we are actually saving for both of us. The Yahoo retirement calculator says we should have $2,000,000 in all based on 8% return. Should this be $4,000,000 instead for 2? We have no debt except for a $70,000 mortgage with 9 years left. None of our friends or family save as much as we do, but are we really going overboard here with savings? Or is it better to save as much as we can now and ease up later when our children are in college?
I guess I actually have two questions: With the retirerement calculators, they ask if you are married and if your spouse has any income, but are the totals for one person or two? Also, is a total savings rate of 25% totally off the mark (too much)? My husband thinks we are saving too much, I am very conservative!
Thanks so far for all the answers. With all of our savings as is, and 4 young children with 1 income only, we really have no “disposable”spending money. Is cutting back to 10% for his 401K a good idea? Would our retirement still be “on course” for both of us? We never eat out, have not gone on vacation since we were married 10 years ago, his car is 9 years old and we would need to buy a new one soon, etc. He thinks we need to enjoy our lives now a bit more. We do also fund an HSA with about 4% pretax also each month! But we have no separate college savings plan yet.
I thought that 529 plans only had state tax benefits, not federal currently?

 
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How much will a 60 day payment deliquincy that’s on my credit report affect my overall credit?

08 May

I’m up to date on all my other bills but this one is for a $6000 loan that I haven’t been able to pay due to being laid off of work. I’m just curious as to how much this will affect trying to get more loans in the future.

 
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How much would this be in monthly payments?!?

03 May

I was wondering if anyone who was EDUCATED on this subject could tell me an approx/average monthly payment for a 2005 Porsche Carrera GT that costs $334,000. For a down payment lets say $15,000. I was just wondering for future reference. I want only educated answers, not stupid guess’s or uneducated answers. Please answer, thanks.
Lets say 6 years for the loan

 
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how much should the insurance company be willing to pay you in one lump sum today?

01 May

1.You have been offered a “structured” settlement from an insurance company after being involved in an auto accident. Under the terms of the agreement, you will be paid the following amounts:

Today: $50,000
One year from today:$60,000
Two years from today:$70,000
Three years from today:$80,000
Four years from today:$90,000

You decide that you would rather receive the entire lump sum today. Using a 5% interest assumption, how much should the insurance company be willing to pay you in one lump sum today?

 
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How much would I need to invest in an annuity to get 2k a month income…?

01 May

Ok this is really a general question that I am having a hard time figuring out. I am thinking about getting some type of Annuity life option for my mom. It would be a deferred annuity that would start in approx 20 years (once she reaches age 65). How much would I need to invest in a deferred annuity in order to pay her an income of approx 2k a month until death?? Any help would be appreciated. I tried searching for calculators online for this sort of thing but came up empty.
Thanks,

 
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How much would you have to invest at the end of each MONTH over a period of 30 years for a 2million dollars?

29 Apr

How much would you have to invest at the end of each MONTH over a period of 30 years to achieve a retirement of 2 million dollars? Assume that you can earn an annual rate of return of 10% on your investment.

Use the following formula in your calculation:

FUTURE VALUE OF ORDINARY ANNUITY = PAYMENT (COMPOUND INTEREST FACTOR)

 
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How much money must be deposited now, at 6% interest, compounded semiannually, to yield an annuity payment of?

26 Apr

How much money must be deposited now, at 6% interest, compounded semiannually, to yield an annuity payment of $4,000 at the end of each six- month period, for a total of five years?

 
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How much would I get in disability payments?

19 Apr

I have worked for over two years, full time and have been making around $13-14/hour throughout that time. I was recently diagnosed with a severe disability and before I go through the court system and whatnot, how much would my disability payment be at this point? I have intention to get back to work sometime in the future though. I am in my mid-20’s now, live in Washington State. I am wondering just how much I would approximately get in monthly disability benefits?
Any insulting remarks will be reported to Yahoo immediately.

 
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How much of annuity payments must I include?

13 Apr

I purchased a 20yr annuity for $20,000. I will receive payments of $370 each month of annuity’s life. How much of the annuity payments must be included in my 2009 gross income? I received all 12 payments this year. Also, how much of these annuity payments may be excluded from gross income?

 
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How much should I pay a lawyer to get my structured settlement now, i am working with $85,000?

27 Mar

It was a medical malpractice case 7 years ago I should receive $85000 within the next 10 years but I want my money asap and as much as possible

 
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Please help me solve this Finance question…your opinions help! Thank you so much?

27 Mar

I know it may be alittle long..but please help me, I really appreciate it! Thanks to all the kind people on Yahoo Answers!

Totals: 1972 Start-up through FY 2000*
Total Lottery Ticket Sales $25.12 billion
Net Revenue to Aid Education $9.83 billion
Retailer Commissions $1.68 billion
Prizes to Players$12.86 billion
*http://www.Michigan.gov/lottery

The Big Game is a multi-state lottery game with BIG Jackpots.Seven states participate in The Big Game: Georgia, Illinois, Maryland, Massachusetts, Michigan, New Jersey and Virginia. By teaming up together, the member lotteries are able to offer players jackpots that start at $5 million. The jackpots grow until someone wins. Jackpots can grow as high as $200 million or more. In fact, The Big Game holds the record for the largest lottery jackpot ever in the United States: $363million! This jackpot rolled 18 times since last being hit! Two winning tickets — one sold in Michigan, and one sold in Illinois — matched all six numbers in this Big Game drawing, each worth an annuitized value of $181.5 million. The winners were Larry and Nancy Ross of Shelby Township, Michigan, and Joe and Sue Kainz of Lake County, Illinois.The Michigan Lottery can pay Big Game jackpot winnings inone of two ways: as an annuity or in one lump-sum/cash-option payment for the present cash value of the jackpot share. When a winnerselects annuity payments, the jackpot is paid out in equal installments over 26 years. When a winner selects the cash option, the Lottery paysthe winner the present cash value of the announced jackpot in onelump-sum payment, which is typically about 50% of the publishedvalue. In effect, the Lottery takes all of the money that would have been invested to fund the 26-year annuity and turns it all over to the winner, retaining absolutely none of the prize. Regardless of which option thewinner selects, the Michigan Lottery is required by law to withholdestimated income taxes for federal (28 percent) and state (4.2 percent), on any prize over $5,000. These amounts are estimates only, and the winner is required to satisfy any further tax liability for the year inwhich the prize award is claimed.

——————————————————————————–

Q1) Why do most winners select the cash option plan when given a choice?

Q2) If Michigan Lottery would like to give the annuity option an equal chance of being selected, how would it have to structure its payments?

 
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How much would one late credit card payment will effect my credit report/score for now and in the future?

20 Mar

I made one late payment and it was reported to the collection buruea. How would it effect me in the future? ie: buy a car, house, loans, and etc…

 
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If I get my structured settlement check now instead of in a year, how much money will they take?

17 Mar

I’m supposed to get my structured settlement check for $20,000 in one year but I need the money now. If I were to go through J.G. Wentworth or one of those things about how much money would they take one of my check?

 
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