User Account

All Pages

Find out the retirement account

Assignment Help Finance Basics
Reference no: EM133119459

You currently have $25000 in your retirement account. In planning your retirement, you anticipate working another 30 years and would like an income of $150000 per year as a retirement income for 20 years. If you anticipate earning 9% on all the money, how much would you have to save each year for the next 30 years to achieve your goal of having an income of $150000 per year in retirement?

Reference no: EM133119459

Questions Cloud

Explain the purpose and operation of floor plan financing : PART A: Discuss two factors that influence the yield at which a commercial bill will be discounted. What effect does a bank-accepted have on the yield?
7258THS Foundations of Tourism and Hospitality Assignment : 7258THS Foundations of Tourism and Hospitality Assignment Help and Solution, Griffith University -Assessment Writing Service
Dividend discount model and fcfe model : Kimberly-Clark, a household product manufacturer, reported earnings per share of $3.20 in 1993 and paid dividends per share of $1.70 in that year. The firm repo
Percent annual compound interest : If you borrow 68,000 at 8.09 percent annual compound interest and pay it back with 21 equal payments, what will be the size of each payment if the first payment
Find out the retirement account : You currently have $25000 in your retirement account. In planning your retirement, you anticipate working another 30 years and would like an income of $150000 p
What price would a second investor pay : Assuming the market rate is still 14%, what price would a second investor pay the first investor on June 30, 2023, for $28,000 of the bonds
What rate of return would have to on savings : You would like to accumulate $350000 at the end of 15 years. You believe that you could save $7950 per year. What rate of return would have to each on your savi
Price of an asset at close of trading yesterday : Suppose that the price of an asset at close of trading yesterday was $100 and the simple-return volatility estimate for yesterday was 3.7% per day. The price at
Systematic risk and idiosyncratic risk : Citibank is one of the largest banks in the USA. Give an example of a systemic risk, a systematic risk and an idiosyncratic risk applicable to Citibank.

Reviews

Write a Review

Finance Basics Questions & Answers

  What are the best characteristics of the municipal bonds

Calculate your net profit or loss. Now suppose that the market price of Celsion, Inc. on December 31, 2015 is $80 per share. Calculate your net profit or loss.

  Issuance government decreased the yield

United Bank issued a 3 years 7% fixed rate loan to a borrower. After 1 year of the issuance government decreased the yield on T-bond by 50 basis point

  Objective questions on free cash flow, debt equity ratio

Objective questions on free cash flow, debt equity ratio, APV, NPV and dividend policy and what is the most likely prediction after a firm reduces its regular dividend payment

  Explain the logic behind principle

Explain the logic behind this principle. Given this relationship, do you believe it is currently a good time to buy bonds? Why or why not?

  Determining the financial principles

Provide a brief synopsis on how well you think Starbucks is abiding by all of the financial principles.

  Current value of the stock

The decline is expected to continue indefinitely, but the company will pay dividends of $1.40 per share next year. If investors want 14% return on stock.

  Maintain a constant debt ratio dv

The WACC formula assumes that debt is rebalanced to maintain a constant debt ratio D/V. Rebalancing ties the level of future interest tax shields to the future

  Correlation between the portfolio

Given that the risk-free rate is 10%, the expected return on the market portfolio is 20%, and the standard deviation of returns to the market portfolio is 20%,

  What is the total compensation for the three highest paid

What is the total compensation for the three highest paid officers for Walmart last year(including the value of stock options and other benefits)?

  Inventory turnover ratio and days

Sorenson Inc. has sales of $4,056,000, a gross profit margin of 38.55 percent, and inventory of $1,139,000. What are the company's inventory turnover ratio and days' sales in inventory? (Round inventory turnover ratio to 3 decimal places, e.g. 12...

  Qestion 2 15 points an investment company recently issued

question 2. 15 points an investment company recently issued convertible bonds with a 1000 par value. the bonds have a

  Webster total cash collections in the month of june

70% are collected the following month, and 10% the month after that. If this trend continues, what will be Webster's total cash collections in the month of June

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