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Earnings rate of your retirement portfolio is 6% per year. ? You will receive an annual raise on your salary of 3% per year. ? The annual amount of money you require during retirement is 75% of what your annual salary would be if you were working. ? Your life expectancy is 80 years old. In Your Main Script: ? The following should be inputs from the user: o Initial annual salary in US dollars Age you will begin saving in years o Desired retirement age in years ?
Call a user-defined function that calculates how much money you will have in your retirement account when you die based on a savings rate. Using a for loop, call this function for the range of savings rates: 5%, 6%, 7%, 8% 9% 10% ? Based on the balance returned by the function for the rates above, determine the lowest savings rate you could use so that you die with money left in your account . Use a display statement to display that rate to the user in the Command Window. ? Make a plot of the amount in your bank account each year as a function of the years. Hold this plot "on" through all calls to your function so that you get a different line for each savings rate. ssigned: 03.01.13 ME208: HW6 Due: Part a 03.04 8:00AM 10 Points Part b 03.06 8:00AM Part c 03.08 8:00AM 2 In Your Function File: ? Your script file should pass a savings rate, annual salary, age to begin saving, and desired retirement age into the function and the function should return the final account balance at the age of death ?
Use a for loop to calculate the balance of your account each year from the age you start saving to death o At the start of your first year, your account balance is zero. While you are working, you should save a percentage of your income During retirement you will spend 75% of what your salary would have been that year if you were still working o Your possibly salary will increase each year by the 3% inflation rate o Your retirement balance will also increase by the 6% earnings rate each year Given Equations?
What is Sondra's 2009 gift tax liability? What is her 2009 gift tax liability under the assumption that she made the $ 700,000 of taxable gifts in 1974 instead of 1997?
what is the connection between cost of the ring major materialslabor overhead and the items price to a
Examine Footnote 8 to Foot Locker's consolidated financial statements (Other Current Assets). Notice that included in this total is "net receivables." Ending net receivables for 2006 (beginning balance of 2007) were $59 million.
Apollo Shoes is satisfied with the services your firm offers and wants to continue with the audit. Apollo Shoes would like you to prepare a letter that explains how you plan to begin the audit process.
Complete the cost schedule, identifying each cost by theappropriate letter (a) through (o).
Discuss ideas for a new business in your community. Explain what is the new business will you provide and why your community is need of such a business.
The cost of the merchandise returned was $40,000. The accountant recorded all the returns and allowances by debiting the sales account and crediting Cost of Merchandise Sold for $65,900. Was the accountant's method of recording returns acceptable?..
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its unit costs are as follows.
in an essay of 1250-1500 words comprehensively discuss causal factors the implications and possible mitigation
assess the short- and long-term impact the disaster had to the business and stakeholders. Provide specific examples to support your response.
If total liabilities decreased by $55,000 during a period of time and stockholders' equity increased by $60,000 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is ??
Define the term expenditure and distinguish between that term and the following terms: expense, disbursement, encumbrance and other financing use.
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