User Account

All Pages

How much can you withdraw each year

Assignment Help Accounting Basics
Reference no: EM133030755

Problem - You have an IRA worth $200,000 and want to start to make equal, annual withdrawals (i.e., distributions from the account) for 15 years. You anticipate earning 4 percent on the funds. (To facilitate the calculation, assume an ordinary annuity.)

a. How much can you withdraw each year?

b. Since you are earning 4 percent on your investments, how much of the withdrawal consumes your investments?

c. How much will be in the account at the end of the first year?

d. How much do you earn on your investments in the account during the second year?

e. How much will be in the account at the end of the second year?

Reference no: EM133030755

Questions Cloud

Write regular expressions and grammar : Write regular expressions and Grammar for the purpose - Row and Column names can be seen as additional check to verify correct placement of data using row
What is the yield to maturity on this bond : The Saleemi Corporation's $1,000 bonds pay 7 percent interest annually and have 14 years until maturity. What is the yield to maturity on this bond
Compute Fred gross pay and Regular pay : Fred worked 48 hours during the week. Assume Fred has earned $15,000 year to date. Compute Fred gross pay and Regular pay
Calculate the employment insurance premium : The employee's bi-weekly earnings are $1,250.00. Calculate the Employment Insurance premium for the pay period
How much can you withdraw each year : You have an IRA worth $200,000 and want to start to make equal, annual withdrawals for 15 years. How much can you withdraw each year
Write a critical book review of kristy leissle : Write a critical book review of Kristy Leissle''sbookCocoa. A critical book reviewdiffers from a book reportin that it requires the student to analyze
Determine Claire federal income tax deduction per pay period : She also pays $29.00 in union dues each pay. Her federal claim code is 2. Determine Claire's federal income tax deduction per pay period
What is the general ledger suppose to look like : The company has completed work for a client, but has not yet billed the $1,800 fee. What is the general ledger suppose to look like
Differences between horizontal and vertical abstractions : Explain the differences between horizontal and vertical abstractions. You may use diagrams or examples to support your answer.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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