How many years will it take to exhaust his funds

Assignment Help Finance Basics
Reference no: EM13275036

Your father has $540,000 invested at 7.3%, and he now wants to retire. He wants to withdraw $50,000 at the beginning of each year, beginning immediately. How many years will it take to exhaust his funds, i.e., run the account down to zero?

Reference no: EM13275036

Questions Cloud

The discharged without violating either permit requirement : What is the maximum strength of acetic acid waste ( as TOC in mg/L) that can be discharged without violating either permit requirement? ( recall that TOC in mg/L , measures the number of miligrams of carbon per liter)
Determine the velocity of the ship : A ship sets sail from Rotterdam, The Netherlands, heading due north at 5.00 m/s relative to the water. What is the velocity of the ship
Determine the speed of the traveling speed : A very long wire is held under tension by suspending weights from an end that passes over a pulley. What is the speed of the traveling speed
Write out the probability mass function pmf of x : Let X denote the number of accepted circuits. Let Y be a random variable which is 1 if the last (Nth ) IC was accepted and is zero otherwise (it is a Bernoulli random variable). (a) Write out the probability mass function (PMF) of X.
How many years will it take to exhaust his funds : Your father has $540,000 invested at 7.3%, and he now wants to retire. He wants to withdraw $50,000 at the beginning of each year, beginning immediately. How many years will it take to exhaust his funds, i.e., run the account down to zero?
Compute the height of the cliff : a stone is projected at a cliff of height h with an initial speed of 44.0 m/s directed at an angle θ0 = 62.0° above the horizontal. find the height h of the cliff
Which of the following would lower the calculated value : You plan to analyze the value of a potential investment by calculating the sum of the present values of its expected cash flows. Which of the following would lower the calculated value of the investment?
Explain what is the maximum strength of acetic acid waste : What is the maximum strength of acetic acid waste ( as TOC in mg/L) that can be discharged without violating either permit requirement. ( recall that TOC in mg/L , measures the number of miligrams of carbon per liter)
Heat of formation-liquid water and gaseous hydrogen chloride : A dilute aqueous solution of calcium hydroxide at 25 C reacts with gaseous hydrogen chloride via the following reaction: 2HCl(g) + Ca(OH)_2 (aq, r= infinity) --> CaCl_2 (aq, r= infinity) + 2H_2O(l)

Reviews

Write a Review

Finance Basics Questions & Answers

  Information on assessing the stability of a firm

Suppose you and your group have been asked to create an informative slide presentation to managers, most of whom do not have a technical knowledge of accounting.

  What is the current share price

If the required return is 11 percent and the company just paid a dividend of $1.45, what is the current share price?

  What is the company''s pre-tax cost of debt

The Bet-r-Bilt Company has a 5-year bond outstanding with a 4.45 percent coupon. Interest payments are paid semi-annually. The face amount of the bond is $1,000. This bond is currently selling for 96 percent of its face value. What is the company's p..

  What is the amount of external financing the company require

The company is also expected to repay $7,000 on an outstanding loan during 2012, and their NIAT is expected to be $2,500. The company does not pay dividends. What is the amount of external financing the company requires?

  What is the equilibrium price of the stock

If your estimate of the company's required rate of return on its stock is 10%, what is the equilibrium price of the stock?

  Would a bank earn more revenue

Would a bank earn more revenue on a $10 million loan by charging 8% compounded quarterly or 7.9% compounded daily, other things being equal? Show all working in your answer.

  Tvm - retirement planning

You're planning your retirement and you come to the conclusion which you need to have saved $1,250,000 in 30 years. How much do you have to put in your account at the end of each year to reach your retirement goal?

  what must be the expected rate of return on the company

Waterworks has a dividend yield of 9%. If its dividend is expected to grow at a constant rate of 6%, what must be the expected rate of return on the company's stock?

  Calculate the firms sales and roa

Grossman Enterprises has an equity multiplier of 2.31 times, total assets of $2,014,436, an ROE of 16.50 percent, and a total assets turnover of 2.41 times. Calculate the firm's sales and ROA.

  What is the amount the firm should use

What is the amount the firm should use as the initial cash flow attributable to net working capital when it analyzes this project?

  What percentage of employees will have lost-time accidents

When required, round the percent to three decimal places before converting to a percentage. For example, .8839 would be rounded to .884 and entered as 88.4.

  Much interest will you have earned in two yrs

You will deposit $600 at the end of each month for next 12 months also $800 each month for the subsequent12 months.

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!

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