User Account

All Pages

Compute the combined worth of steve retirement assets

Assignment Help Finance Basics
Reference no: EM133000102

Steve is about to retire and wants to calculate the total worth of his retirement assets. He has a corporate pension paying $2250 at the beginning of every month. He is also entitled for Social Security benefits of $1450 at the beginning of every month. He also has a 401(k) plan with an accumulated balance of $480,000. The regular U.S. government bonds are yielding 5% and government inflation indexed bond provides a current return of 3.5% and his remaining life span is 20 years. Compute the combined worth of Steve's retirement assets.

Reference no: EM133000102

Questions Cloud

Which kind of lease is this from marple perspective : Which kind of lease is this from Marple's (the lessor) perspective? The lease requires the lessee to make periodic rental payments of $35,000 on January 1
Calculate annual holding period return : Suppose you purchase a 3-year, 5 percent coupon bond at par and hold it for two years. During that time, the interest rate falls to 4 percent.
Retirement savings plan investment opportunity : Mr. Paul is at the age of 25, and his friend David (an insurance/mutual fund broker) offered him a retirement savings plan investment opportunity.
Capital asset pricing model arbitrage pricing theory : What is the capital asset pricing model arbitrage pricing theory (CAPM) and (APT)?
Compute the combined worth of steve retirement assets : Steve is about to retire and wants to calculate the total worth of his retirement assets. He has a corporate pension paying $2250 at the beginning of every mont
Compute the monthly payment : A 30 year variable rate mortgage offers a first year teaser rate of 3%. After that the rate starts at 5.5% adjusted based on actual interest rates.
How about mortgage rate for the next 10-15 years : Assuming that history will repeat itself, what do you think of the U.S. housing market for the next 10-15 years? How about mortgage rate for the next 10-15 year
What is the present value : What is the present value of $5,000 paid each year forever, assuming a discount rate of 3% and the first payment occurs one year from now?
How much of a gain or loss should avery record on retirement : Interest has been accrued and paid up to the date of the retirement. How much of a gain or loss should Avery record on the retirement of these bonds?

Reviews

Write a Review

Finance Basics Questions & Answers

  Present value of annuity with compounding interest

Using the proper interest table, answer each of following questions. Find out the future value of $7,000 at the end of 5 periods at 8% compounded interest? What is present value of $7,000 due 8 periods hence, discounted at 11%?

  Identify six activities in an iso 14001 ems

Identify six activities in an ISO 14001 EMS that relate to one or more of the PDCA segments and state the relevant clause reference.

  Financial analysts forecast abc incs growth for the future

financial analysts forecast abc inc.s growth for the future to be 5. abcs recent annual dividend was 4.00. what is the

  On a single graph plot the 1-year short-term 5-year and

on a single graph plot the 1-year short-term 5-year and 10-year intermediate-term and 20-year long-term yields of the

  Calculate detailed company cash budgets

Using the Cash Budget spreadsheet, calculate detailed company cash budgets for the forthcoming and subsequent year

  What is the effective price paid by the company for the oil

FINS 5535. On March 1 the price of oil is $55.00 and the July futures price is $54.00. After taking account of the cost of hedging, what is the effective price

  Determine the variable cost per unit

Determine the variable cost per unit, the total variable cost, and the total contribution margin.

  How much interest is deductible

What amount of the above expenses is deductible as moving expenses on Winston's 2015 federal tax return?

  Estimate the cost of the line of credit to johnson

Johnson currently maintains an average demand deposit of $80k. Estimate the cost of the line of credit to Johnson. c. Which source of credit should Johnson select, Why?

  Discuss the free cash flow valuation model

Using the free cash flow valuation model, what should be the company's stock price today (December 31, 2013)? Round your answer to the nearest cent.

  How much will be paid by the insurance company

Your individual health policy has a deductible of $100 on the first $500 claim and a 25 percent coinsurance on any remaining claim

  Prepare adjusting entries at the end of the year

Prepare entries for these transactions under the method that records prepaid expenses and unearned revenues in the balance sheet accounts.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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