User Account

All Pages

How much do you have to have saved at retirement to fund

Assignment Help Accounting Basics
Reference no: EM132768177

Question: You are trying to calculate how much money you should have at retirement. On your 65th birthday you will retire and immediately make your first withdrawal of ?$5,769.23. You plan to make 26 such withdrawals each year. You plan to continue withdrawing at that level and frequency until you are 78 years old. ? (Assume beginning of period withdrawals with the first withdrawal on your retirement date and no withdrawal on your final? birthday.) During retirement your savings will earn only 4.1?% per annum. How much do you have to have saved at retirement to fund these planned? withdrawals?  

How much do you have to have saved at retirement to fund these planned? withdrawals?

Reference no: EM132768177

Questions Cloud

What is the total capital of Carmilla and Cecilion : It has been agreed to recognize uncollectible accounts of P7,500 and P5,400 to each party, respectively. What is the total capital of Carmilla and Cecilion
Determine total cash dividents paid to preferred stockholder : Magic Corporation has 3,000 shares of $100, 5 percent cumulative preferred stock outstanding and 100,000 share of $1 par value common stock outstanding.
How much of a dividend will the common stockholders receive : DEF Corp has 1,000 shares of 5% $100 par value cumulative preferred stock outstanding at 12/31/19. No dividends were declared in 2017, or 2018. DEF wants.
What is your assessment of the company solvency : What is your assessment of the company's solvency applying the current ratio? Why? What is your assessment of company's solvency applying the debt-to-equity.
How much do you have to have saved at retirement to fund : You are trying to calculate how much money you should have at retirement. On your 65th birthday you will retire and immediately make your first withdrawal.
Prepare the statement of profit or loss : Prepare the statement of profit or loss and other comprehensive income of the company according to the function of expenditure method
What investment type do you think poses the lowest risk : What investment type do you think poses the lowest risk and highest risk? Why? Suppose that you have saves 1,000,000 today which you can invest in a Philippine.
Prepare journal entries to record the transactions : Prepare journal entries to record the transactions and closings for 2020 (assume the retirements were the first ever recorded by Zen Aerospace).
How much was the net capital gain for the year : An individual sold the following assets during the year: Proceeds Cost: Necklace $1900 $500. How much was the net capital gain for the year?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare an income statement for may, a statement

Holden Graham started The Graham Co., a new business that began operations on May 1. The Graham Co. completed the following transactions during its first month of operations.

  After confirming that the asset qualifies for interest

a your company is constructing a factory building for its own use and takes out a 2 million loan 10 interest rate from

  Evaluate the budgets for any areas

Evaluate the budgets for any areas that you might be able to recommend some changes like cost reductions, or price changes

  Find how much would be worth

You have $10,000 in cash savings, If you were to earn your salary of $3,000 and reduce the car loan principal by $1,000, how much would you be worth?

  Determine the amount of basic earnings per share

On January 1, 2X16, Manila Co. has 100,000 outstanding ordinary shares. Determine the amount of basic earnings per share

  Prepare a schedule showing a vertical analysis for jacobs co

Operating data for Jacobs Corporation are presented below. Prepare a schedule showing a vertical analysis for Jacobs Corporation.

  How many payments will you have made

How many payments will you have made when your account balance reaches $9,312?

  Calculate free cash flow

Hinck Corporation reported net cash provided by operating activities of $361,200, net cash used by investing activities of $148,900, Calculate free cash flow

  Journal entry to record the sale of the bonds

Prepare the journal entry to record the sale of the bonds on January 1, 2008, and the proper balance sheet presentation on this date. Prepare the journal entry to record interest expense on December 31, 2008, and the proper balance sheet presentat..

  What was cant spell free cash flow

During 2015, Can't Spell Industries reported cash provided by operations of $21,050, cash used in investing of $16,900. what was Can't Spell's free cash flow?

  Prepare the companys cash budget for october

Prepare the companys cash budget for October in good form.

  What is the depreciation expense for the year

The machinery is being depreciation over twelve years using the sum-of-the-years' digits method. What is the depreciation expense for the year 2015

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