Analysis of the amount saved for retirement

Assignment Help Business Management
Reference no: EM132640965

Eve Brown is trying to save for her retirement, she believes she can earn 12% on average each year on her retirement fund. Assume that at the beginning of each of the next 40 years, Eve will allocate x dollars to her retirement fund. If at the beginning of a year Eve has y dollars in her fund, by the end of the year, it will grow to 1.12y dollars.

a.) Using Excel, develop a spreadsheet model to find out how much Eve should allocate to her retirement fund each year to ensure that she will have $1 million at the end of 40 years.

b.) Are there any key factors that are being ignored in our analysis of the amount saved for retirement.

Reference no: EM132640965

Questions Cloud

Show how the present value formula is a good method : Show how the present value formula is a good method to determine how much is needed to save monthly, in order to have a specified sum of money at retirement
Evaluate jeff bezos introduction : Evaluate Jeff Bezos' introduction and the reprinted "1997 Letter to Shareholders," and consider the strategic planning concepts presented this week.
Make an income statement for virginia slim wear : Make an income statement for Virginia Slim Wear. Take your calculations all the way to computing earnings per share. (Round EPS answer to 2 decimal places.)
How could the production reports in process costing : Required - How could the production reports in process costing also be used for controlling or improving operations
Analysis of the amount saved for retirement : Are there any key factors that are being ignored in our analysis of the amount saved for retirement.
Discuss the sustainability or need for change : Evaluate the controls currently in place to protect or maintain the resource/good. Discuss the sustainability or need for change of the current status.
COVID-19 vaccine : It seems that we are nearing the point where a COVID-19 vaccine will need to be administered to the entire country.
Prepare an income statement for stein books : Prepare an income statement for Stein Books. Stein Books Inc. sold 1,500 finance textbooks for $200 each to High Tuition University in 20X1.
Question - Revenue and Expense Recognition : Question - Revenue and Expense Recognition - Sept. 5 Sold goods to customers for $7,600 on account. The cost of the goods to Alexander was $4,400

Reviews

Write a Review

Business Management Questions & Answers

  Assess the current state of synchronization between techno

Assess the current state of synchronization between technology, markets, firms, investment, and government for your emerging industry.

  Challenges facing today medical group practice

Predict two (2) external and / or internal challenges facing today's medical group practice administrators. Compose a strategy to manage the challenges.

  Number of successful conversions

In this case, if it evaluates as 1 then you successfully read an integer but if it evaluates as zero then it failed in some way.

  Challenges of mental health care in united states

What is your opinion on the challenges of mental health care in united states?

  Compare and contrast the two costing systems

Compare and contrast two costing systems. How do these two systems provide decision-making information? How is activity-based costing useful for decision making

  Nature and role of organizational safety

Describe the nature and role of organizational safety and health and describe termination as it relates to different positions in the organizations.

  Quality requirements that must be covered

Critique the importance of ISO 9001: 2015 (ISO 9001: 2008) (Links to an external site.) certification for a manufacturing company that wants to compete in a global market. What are some of the quality requirements that must be covered in the qual..

  Write a six page paper in which you-1 explain the project

write a six page paper in which you-1. explain the project scope and project management plan. make straight your plan

  Application-system security and ease of use

For ethical, legal, and business reasons, the security of health care data must be a top priority in health care organizations. HIPAA, for example, requires that health care organizations safeguard patient data

  Explain the two-factor theory by herzberg

Explain the Two-Factor theory by Herzberg. Why would a production worker be better motivated by Two-Factor theory ideas?

  Draw the revenue matrix for farmer fickell

Farmer Fickell farms 500 acres of corn. He has working capital of $100,000, and a total cash flow need per year of $350,000. His APH is 180 bu./acre, and a bad year for him is 140 bu/acre, whereas a good year is 200bu/acre. The planting time price is..

  What are the goals for your company

What are the goals for your company/product? Your goals should be in quantitative terms, where possible, to facilitate measuring the company's future performance.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd