kaplan mm255 unit 7 assignmentUnit 7: Teacher Graded AssignmentAnnuitiesIn this and future Teacher Graded Assignments you can be requested to make use of the solutions you discovered within the Unit 1 Task.Be aware: For these questions it's good to cite a dependable supply for data, which implies you can't use websites like Wikipedia, Ask.comÂ®, and YahooÂ® solutions. Should you do use these websites the trainer might award zero factors in your response.The Task issues will need to have the work proven always. The steps for fixing the issues have to be defined. Failure to take action might lead to your submission being given a zero. In case you have any questions on how a lot work to point out, please contact your teacher.Assignments have to be submitted as a Microsoft WordÂ® doc and uploaded to the Dropbox for Unit 7. Please sort all solutions immediately on this Task under the query it applies to.All Assignments are due by Tuesday at 11:59 PM ET of the assigned Unit.Be aware: All rates of interest are to be assumed to beyearlyinterest charges.Query 1(10 factors)1. You want to deposit $500 per thirty days into an account for 36 months. Assume your rate of interest is the same as the prime rate of interest.a) How a lot do you've gotten (complete) within the account after 36 months?b) How a lot of that complete is curiosity?Query 2(10 factors)2. Two individuals, Ella and Jane, determine to begin saving for retirement. Ella decides to speculate $4000 a yr into an annuity on the age of 25. On the age of 35 she stops making investments and simply leaves the cash there. Jane alternatively, decides to begin investing $4000 a yr on the age of 40 and invests that cash for yearly thereafter. Assuming each retire at 70, and that the rate of interest each get on their investments is 10% (compounded yearly) who has essentially the most cash of their account at age 70? Clarify why you choose the reply you choose.Query three(10 factors)three. On the age of 30 you determine to begin saving cash. At first you possibly can solely afford to deposit $200 per thirty days. Nonetheless, on the age of 38 you'll be able to deposit $300 per thirty days. Then on the age of 45 you increase your month-to-month deposit once more to $500 per thirty days. Lastly on the age of 50 you get promoted to president of the corporate and are capable of deposit $2000 per thirty days into the account. Assuming your account is incomes (prime rate of interest + four%) in curiosity, compounded month-to-month, how a lot do you've gotten in your account on the age of 70? Trace: Deal with every time that you simply change the deposit quantity as a seperate annuity, and compute the long run worth (FV) on every annuity seperately. Assume that every annuity earns compound curiosity in the course of the time it's not receiving deposits.Essay(15 factors)four. It's generally assumed that the inventory market yields a 10% price or return (on common) on investments made available in the market long run. Write an essay wanting on the benefits and downsides of investing within the inventory market long run.Necessities for essayÂ· Write your essay on this doc â don't put it aside in a separate file.Â· You have to clearly state your place with well-structured paragraphs utilizing correct grammar, spelling, and sentence construction.Â· This isn't an âopinionâ query â it's essential to supply proof to help your place, utilizing properly-cited sources.Â· Your reply have to be between Â¾-1 web page in size.Â· You have to cite and reference not less than one supply (guide, web site, periodical) utilizing APA format. The required web site counts as one sourceÂ· You have to state not less than one clear benefit and one clear drawback in your essay. Nonetheless extra references are really useful.Â· Trace: Some main inventory market occasions to think about are the crash of 1929, the flash crash of 2011, the dot com period of the late 90's, the quick drop in worth in 2007-2008 then the market's climb again up in 2009 - 2012. Analysis into these might aid you to get began.You could submit your Assignments to the Math Heart for evaluate. Tutors won't grade or appropriate the Task, however they may present steering for enchancment. Tutors won't, nonetheless, aid you discover internet sites for the Task.