User Account

All Pages

Determine the present value of an annuity retirement

Assignment Help Accounting Basics
Reference no: EM132785725

Una Day is palnning to retire in 20 years, at which time she hopes to have accumulated enough money to receive an annuity of $32,000 a year for 25 years of retirement. During her pre-retirement period she expects to earn 8 percent annually, while during retirement she expects to earn 10 percent annually on her money.

Problem 1: What annual contributions to this retirement fund are required for Una to achieve her objective and sleep well at night?

Problem 2: Determine the present value of an annuity retirement. Determine the annual deposit into an account earning 8% that is necessary to accumulate $290,464 after 20 years.

Reference no: EM132785725

Questions Cloud

Which of the statements is incorrect concerning earnings : Which of the statements is incorrect concerning earnings per share. According to IAS 38, which may be recognized as cost of intangible asset?
Why are hypersensitivity reactions to chemicals : Why are hypersensitivity reactions to chemicals, metals and toxoids like poison ivy not true allergies?
How much is the gain that should be recognized in ua company : UA Company acquires a machinem, How much is the gain (loss) that should be recognized in UA Company's December 31, 2019 profit or loss ?
What the initial amount of the investment in associate : The fair value of the interest acquired is determined to be $930,000. The initial amount of the investment in associate that should be recorded is
Determine the present value of an annuity retirement : Determine the present value of an annuity retirement. Determine the annual deposit into an account earning 8% that is necessary to accumulate
What is meant by the antiparallel arrangement of dna : (a) Explain how oxidation of a substrate proceeds without oxygen. (b) Describe what is meant by the antiparallel arrangement of DNA.
Explain the products of the krebs cycle : 1. Identify the functions of the pentose phosphate and Entner-Doudoroff pathways. 2. Explain the products of the Krebs cycle.
List three important disclosure items that should be report : For bank loan (or corporate bonds), List three important disclosure items that should be reported in the footnotes in the annual report.
What is the purpose of staining : What is the purpose of staining and what is one advantage of differential staining over simple staining techniques?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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