How long will the money last

Reference no: EM131928366

Question: You have $500,000 for your retirement. Your conservative bond fund earns 8% interest, compounded quarterly. How much money can you withdraw each quarter so that your savings will last 25 years? If you withdraw $3000 every quarter, how long will the money last?

Reference no: EM131928366

Questions Cloud

How should you take the various factors into account : How should you take the various factors into account as you make investment and savings decisions early in life versus later in life, near retirement?

How many years will you have to work before you retire : You have $50,000 in a retirement account, and you plan to deposit $3,000 at the end of every year until your account reaches $250,000.

Compute the firms earnings after taxes and earnings : Assuming an ordinary tax rate of 35%, compute the firm's earnings after taxes and earnings available for common stockholders?

Maintain a constant debt-equity ratio : The ratio of total assets to sales is constant at 1, and the profit margin is 9.6 percent. If the firm also wishes to maintain a constant debt-equity ratio

How long will the money last : You have $500,000 for your retirement. Your conservative bond fund earns 8% interest, compounded quarterly. How much money can you withdraw each quarter.

Prepare a worksheet to show the adjusted net income figure : Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors.

What is the value of the swap : The three-month LIBOR rate one month ago was 11.8% per annum. All rates are compounded quarterly.

Estimated value of the stock today : The dividend is expected to remain the same indefinitely. The stock's required return is 10%. The estimated value of the stock today is $________.

How much is to be paid each year : A $50,000 loan obtained today is to be repaid in equal annual installments over the next seven years starting at the end of this year.

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

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

User Account

All Pages