User Account

All Pages

How much can you withdraw each year

Assignment Help Finance Basics
Reference no: EM131840483

You are planning your retirement in 10 years. You currently have $75,000 in a bond account and $300,000 in a stock account. You plan to add $6,000 per year at the end of each of the next 10 years to your bond account. The stock account will earn a return of 10.5 percent and the bond account will earn a return of 7 percent. When you retire, you plan to withdraw an equal amount for each of the next 25 years at the end of each year and have nothing left. Additionally, when you retire you will transfer your money to an account that earns 6.25 percent. How much can you withdraw each year?

Reference no: EM131840483

Questions Cloud

What is the current value of the annuity : What is the value three years from now? What is the current value of the annuity?
What is the present value of the payments : Suppose you are going to receive $13,500 per year for five years. The appropriate interest rate is 7.5 percent.
Recognize problems in the employment sector for young : Recognize problems in the employment sector for young people in the United States today.
Record the interest payment and amortization of bond : Record the interest payment and amortization of bond/premium on October 31st, 2009 using the effective interest rate method
How much can you withdraw each year : Additionally, when you retire you will transfer your money to an account that earns 6.25 percent. How much can you withdraw each year?
What kind of deal did the defensive tackle sack : If the appropriate interest rate is 11 percent, what kind of deal did the defensive tackle sack? Assume all payments other than the first $5.1 million are paid
Identify the primary and secondary groups : Identify the primary and secondary groups of which you are a member, then make another list of the primary and secondary groups.
Describe the best practices in conducting interviews : Discuss any potential ethical issues you think might arise in your interviews? How will you protect the identity of your participants?
What is the highest rate you can afford : You can afford to make monthly payments of $1,650, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan?

Reviews

Write a Review

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 ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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