Achieve her retirement goal

Assignment Help Other Subject

Reference no: EM13277236

You are a financial planner and have a client who would like to receive a $12,000 annuity for 25 years after retiring 20 yearsfrom now. Assuming an 8% return on investment can be earned prior to retirement and a 10% return can be earned after retirment, how much would you advise your client to invest annually, over the next 20 Years, to achieve her retirement goal?

Please show all work to arrive at your answers!

Reference no: EM13277236

Questions Cloud

Choose one of the open source web content management systems : Choose one of the open source Web content management systems such as WordPress, Joomla, or Drupal or another of your own choosing and prepare an evaluation chart. Which system would you choose and why?

Find the two object distances : A converging lens (f = 24.6 cm) is used to project an image of an object onto a screen. Find the two object distances

Define why kf is better reagent than lif for the replacement : why KF is a better reagent than LiF for the replacement of chlorine in organic compounds by the autoclave reaction

At what frequency will the circuit take a lagging current : A series circuit consisting of a 0.398-henry inductor and a 212-µF capacitor is connected to a 125-volt variable frequency source. At what frequency will the circuit take a lagging current of 2.5 A

Achieve her retirement goal : You are a financial planner and have a client who would like to receive a $12,000 annuity for 25 years after retiring 20 yearsfrom now. Assuming an 8% return on investment can be earned prior to retirement and a 10% return can be earned after retirme..

How many micromolesof air are in the bubble : A 1 cm3 air bubble at a depth of 280 meters and at a temperature of 4 oC rises to the surface of the lake, what is its new volume? How many micromoles (to 1 decimal place) of air are in the bubble

How to make adjustments if the output must be put in state : 1)How do you use the Cayley-Hamilton technique to find the state transition matrix and the state equation output y 2) How do you draw the standard form simulation diagram given a higher-order differential equation

Explain what are the concentrations of each species : the diprotic acid H2B is being titrated against .04M NaOH. H2B has 40mL, .2M concentration, Ka1+2.5*10^-3, Ka2=3*10^-10. What are the concentrations of each species in the following pts in the titration

Develop a use case for each of the major processes : Develop a Use Case for each of the major processes?

User Account

All Pages