How much money have you accumulated for your retirement

Assignment Help Financial Management

Reference no: EM131223805

1. What is the accumulated sum of the following stream of payments?
$2,198 every year at the beginning of the year for 12 years, at 7.92 percent, compounded annually.
Round the answer to two decimal places.

2.You have accumulated some money for your retirement. You are going to withdraw $54,281 every year at the beginning of the year for the next 29 years starting today. How much money have you accumulated for your retirement? Your account pays you 4.20 percent per year.

Reference no: EM131223805

Questions Cloud

Examples of information that moves downstream : What are some examples of information that moves downstream in a supply chain? What are some examples of information that moves upstream in a supply chain?

Is the force of friction acting up or down the ramp : Shown below is a two block system that is being pulled along frictionless surfaces. The mass of the string and pulley can be neglected. Values for six cases of varied masses and accelerations are given in the table. Rank the six cases from the gre..

Define difference between a managers and a leaders mindset : Define the difference between a manager's mindset and a leader's mindset. Using the readings for the week, reflect and explain the meaning of each quote. and how each quote relates to a manager's or leader's mindset.

Share an example of a company : Entrepreneurs-businessmen have a role to play in environmental management. Share an example of a company that failed to implement environmental management plans and policies while rolling out a new product(s) and/or service(s).

How much money have you accumulated for your retirement : What is the accumulated sum of the following stream of payments? - How much money have you accumulated for your retirement?

How those differences might impact your communications : Consider as many of the components of the communication process and concepts as possible. Rely on your college-level writing and critical thinking skills to clearly communicate your ideas.

What is described in the job description : Read the job posting carefully, taking note of job duties, as well as job requirements & qualifications. Note where your experiences, accomplishments, or talents match with what is described in the job description.

What is the present value of the given annuity : What is the present value of the following annuity? - $3,730 every year at the end of the year for the next 4 years, discounted back to the present at 5.40 percent per year, compounded annually?

What would the cash option payout be : The cash option amount is determined by discounting the winning amount at 8% over 22 years. - This week the lottery is worth $5 million to a single winner. What would the cash option payout be?

User Account

All Pages