How much can you withdraw each month

Assignment Help Accounting Basics
Reference no: EM132974144

Question - If you have $ 1,000,000 in an annuity paying 4.5% interest compounded monthly, how much can you withdraw each month for 25 years?

Reference no: EM132974144

Questions Cloud

Find what would be percentage return on investment : Find what would be your percentage return on investment if you bought when rates were 12 percent and sold when rates were 10 percent?
Describe essential components of enterprise risk management : Describe the essential components of enterprise risk management (ERM) as put forward by the Committee of Sponsoring Organizations of the Treadway Commission
Make any relevant journal entries pertaining for harold : Harold's warehouse resulting in $500,000 in damages in 2010. The incident was uninsured. Prepare any relevant journal entries pertaining to 2010 for Harold.
Explain the cost of goods sold : Explain the cost of goods sold, ending inventory, and how the inventory valuation method you have chosen may impact these two factors
How much can you withdraw each month : If you have $ 1,000,000 in an annuity paying 4.5% interest compounded monthly, how much can you withdraw each month for 25 years
What role does asic have in the regulation of auditors : What does an Independent auditor do during a financial report audit and What role does ASIC have in the regulation of auditors
Compute the variable overhead cost and efficiency variances : Best allocates manufacturing overhead to production based on standard direct labor hours. Compute the variable overhead cost and efficiency variances
Create any relevant journal entries for frank : Create any relevant journal entries for Frank. Frank's bad debt expenses for accounts receivable were recorded at a rate of 1.5%
Make journal entries relevant to year for macrohard : The warrants without the bonds would trade for $30. Prepare any journal entries relevant to the year 2020 for MacroHard. MacroHard has a calendar fiscal year.

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.

  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!

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