(Answered) Here is an example of retirement planning using todays

Management Studies

Here is an example of retirement planning (using today's dollars - no inflation), Provide your own or hypothetical example and see what you get. Respond to one other Income $100,000/year, save $10,000/year and invest at 3% to retire in 30 years. At retirement time will have about $475K ($560K if the rate is 4%). (FV = ? PV = 0, PMT = 10K, I/Y = 3, n=30) If this person wants the money to last 30 more years, they can withdraw $28K annually (PMT = ?, PV = $475K (or $560K), n=30, fv = 0)

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M91821593
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

How to develop a java script function to get first name and

How to Develop a java script function to get First name and Last name from users and display the following massage in a window alert box. Hello First name, How are you? For example if the user enters Sara as first name, ...

Evaluate the challenges and opportunities of an expatriate

Evaluate the challenges and opportunities of an expatriate position. How can these challenges be overcome?

Using the pmbok 6th edition how can you enure that a

Using the pmbok 6th edition, how can you enure that a project schedule is followed and the costs are controlled in the construction industry? Please provide detailed examples in construction.

Why is the term asymmetric information in order to

Why is the term asymmetric information in order to understand why some people are better informed than others, and the imbalance in information affects the choices they make and how they deal with one another?

A program takes two integers as input from the keyboard

A program takes two integers as input from the keyboard, representing the number of hits and the number of at-bats for a batter. Calculate the batter's hitting percentage. Check the hitting percentage to determine if it ...

Viva pisto a restaurant has received numerous complaints

?Viva Pisto, a restaurant, has received numerous complaints from customers about its slow service and unfriendly waiters. The management of the restaurant needs to address these complaints promptly and ensure that simila ...

How does the international trade affect economic well-being

How Does the international trade affect economic well-being, who gains and who loses from free trade among countries, and how do the gains compare to the losses?

Why might teams composed of millennials and baby boomers

Why might teams composed of millennial's and baby boomers benefit from having moderate levels of group cohesiveness?

If you were assembling a change team what would be your key

If you were assembling a change team, what would be your key considerations when selecting your team? Why?

What is the basic premise of abraham maslows hierarchy of

What is the basic premise of Abraham Maslow's hierarchy of needs theory and what levels comprise the hierarchy?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert