Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

1) Your sister turned thirty five today, and she is preparing to save= $5,000 per year for retirement, with 1st deposit to be made 1 year from today. She will invest in mutual fund which will give a return of 9.5% per year. She plans to retire 30 years from today, when she turns sixty five, and she expects to live for twenty five years after retirement, to age 90. Under these suppositions, how much can she spend in each year after she retires? Her first withdrawal will be made at commencement of her 1st retirement year.

2) You expect that you will require= $2,250,000 when you retire 40 years from now. You plan to make= 40 deposits, beginning today, in the bank account which will pay 6% interest, compounded annually. You expect to get annual raises of= 4%, so you will raise amount you deposit each year by= 4%. (That is, your second deposit will be= 4% greater than your first, the third will be= 4% greater than the second, etc.) How much should your first deposit be if you are to meet your goal?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M914985

Have any Question? 


Related Questions in Basic Finance

1 what is a factorial design why are factorial designs used

1. What is a factorial design? Why are factorial designs used more frequently than one-way designs? 2. How many independent variables are involved in a 3 x 3 factorial design? How many levels are there of each variable? ...

Suppose the ceo of your company owns 500000 shares of stock

Suppose the CEO of your company owns 500,000 shares of stock in the company and is granted 10,000 non-transferable European options as a bonus. The expiration date of the options is two years, the strike price is $100 an ...

1 discuss some of the major reasons why it is important to

1. Discuss some of the major reasons why it is important to understand national culture. 2. Discuss three of Hofstede's national culture dimensions. What are some of the implications of these dimensions for international ...

1 what is the difference between the probability of a stock

1. What is the difference between the probability of a stock out and the magnitude of a stock out? 2. Data suggest that while overall average inventory levels are declining, the relative percentage being held by manufact ...

1 describe the route of a phone order a client calls to

1. Describe the route of a phone order? A client calls to enter an order, and the conversation goes as follows: 2. Who is responsible for the error? 3. A buy stop is entered at $280 in gold well before the open. (A buy s ...

1 demonstrate your understanding of the relationship

1. Demonstrate your understanding of the relationship between logistical capabilities and competencies by tracing the evolution of logistical work to universal competencies. Does this logic have any practical application ...

Moodys has a separate ratings scale for municipal bonds

Moody's has a separate ratings scale for municipal bonds. Here is Moody's definition of its Aaa rating for municipal bonds: "Issuers or issues rated Aaa demonstrate the strongest creditworthiness relative to other US mun ...

Focus on analysis yum brands inclearning objective 4

Focus on Analysis | Yum! Brands, Inc. (Learning Objective 4: Analyze f inancial statements) Refer to the Yum! Brands, Inc.'s financial statements in Appendix B at the end of the book. Suppose you are an investor consider ...

1 what is meant by a tax shelter2 how is the gain from the

1. What is meant by a tax shelter? 2. How is the gain from the sale of real estate taxed? 3. What is meant by an effective tax rate? What does it measure? 4. Do you think taxes affect the value of real estate versus othe ...

An article in the wall street journal in early 2010 noted

An article in the Wall Street Journal in early 2010 noted: "Some small business owners say they could expand if they could just get a loan." Over the past 35 years, has making loans to small business become a more import ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro