Question
In: Finance
You feel that you will need $3.4 million in your retirement account and when you reach...
You feel that you will need $3.4 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 10.5 percent compounded monthly and plan to save $485 per month until you reach your goal. How many years will it be until you reach your goal and retire?
Solutions
jeff jeffy answered 2 years agoRelated Solutions
You feel that you will need $3.7 million in your retirement account and when you reach...
You feel that you will need $3.7 million in your retirement
account and when you reach that amount, you plan to retire. You
feel you can earn an APR of 10.2 percent compounded monthly and
plan to save $530 per month until you reach your goal. How many
years will it be until you reach your goal and retire?
Multiple Choice
48.48 years
40.37 years
37.26 years
42.21 years
34.60 years
Suppose you save $2.5 million in your retirement account by the time you are 65. Your...
Suppose you save $2.5 million in your retirement account by the
time you are 65. Your retirement account earns a return of 5.5%
annually. How much can you withdraw from your account if you want
your retirement account to last forever?
You wish to have $10 million in your retirement account at the end of 40 years....
You wish to have $10 million in your retirement account at the
end of 40 years. You can invest at an annual return of 10 percent
per year. a) How much should you deposit every year over the next
40 years to meet your goal? b) How much can you withdraw per year
for 30 years after retirement? c) How much can you withdraw for 30
years after retirement if you wish to leave your family with a lump
sum...
You want to retire 35 years from today with $2.5 million in your Individual Retirement Account...
You want to retire 35 years from today with $2.5 million in your
Individual Retirement Account (IRA). You currently have 100,000.00
saved in your IRA which is earning 9.00% annually. What amount
would you need to save and deposit at the beginning of each quarter
to achieve your retirement goal? Note that you are making the
deposits quarterly, not annually.
When you reach retirement age, you would like to have enough money saved to be able...
When you reach retirement age, you would like to have enough
money saved to be able to “pay yourself” an annual salary of
$70,000
per year for 20 years. To put this another way, your plan is to
start your retirement with a large amount of money saved, and you
will withdraw
$70,000
from these savings once a year for the next 20 years until all
of your savings are depleted.
In the meantime, you are a 25-year-old new UIC...
When you reach retirement age, you would like to have enough money saved to be able...
When you reach retirement age, you would like to have enough
money saved to be able to “pay yourself” an annual salary of
$74,000
per year for 20 years. To put this another way, your plan is
to start your retirement with a large amount of money saved, and
you will withdraw $74,000
from these savings once a year for the next 20 years until all
of your savings are depleted.
In the meantime, you are a 25-year-old new UIC...
When you reach retirement age, you would like to have enough money saved to be able...
When you reach retirement age, you would like to have enough
money saved to be able to “pay yourself” an annual salary of
$76
,000
per year for 20 years. To put this another way, your plan is to
start your retirement with a large amount of money saved, and you
will withdraw
$76
,000
from these savings once a year for the next 20 years until all
of your savings are depleted.
In the meantime, you are a 25-year-old...
What are some things you will need to consider when writing your financial plans for retirement?
What are some things you will need to consider when
writing your financial plans for retirement?
You are saving for retirement. To live comfortably, you decidethat you will need $1.5 million...
You are saving for retirement. To live comfortably, you decide
that you will need $1.5 million dollars by the time you are 65. If
you assume you are able to do that, and will live 15 more years
(until age 80), the amount you can withdraw in each of those years
at an interest rate of 5% before your retirement fund is empty is
closest to: Answers: $89,522 $144,513 $105,714 $200,606
TASK 1: Spend the next 10 minutes listing who you feel are the important stakeholders you need to reach out to.
Crisis Management Case Study – Stakeholder
AssignmentBackground:You are a member of the Corporate Communications Department for
QuantaCare, a major pharmaceutical company. One of your company’s
most profitable products is a rescue inhaler called BreatheEZ. Your
product is used by asthmatics to treat their condition in the event
of a life-threatening asthma attack. This product is
well-established and has great brand recognition—the public can
easily identify your product’s logo and considers it to be a
trusted brand for their family.Problem:It’s 6:00...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- More and more adults are considering commuting to work by bicycle rather than car, but few...
- Please answer these questions Data Processing and Analysis using python. Thank you In statistics, an outlier...
- Write a function file that accepts each of the four vectors as inputs. The function file...
- Kant says that to act morally is to act out of duty. How does this differ...
- Suppose you are trying to determine the capacity (in gallons) of the gas tank needed on...
- List the arithmetic operators used in BASIC and state their priorities of execution in a statement....
- Describe the espoused values of a company you have worked for (or been exposed to -...
ADVERTISEMENT