How much money have you accumulated for your retirement

Assignment Help Finance Basics
Reference no: EM133331612

Question: You have accumulated some money for your retirement. You are going to withdraw $69,277 every year at the beginning of the year for the next 26 years starting from today. How much money have you accumulated for your retirement? Your account pays you 13.18 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows. Round the answer to two decimal places.

 

Reference no: EM133331612

Questions Cloud

What is victoria cost of equity : Calculate the annual growth rate of EPS over the past 5 years. Calculate next year's dividend per share, D1. (Hint: D0= 40 % of current EPS)
How does the system or government reward and punish : In DADOES? the application of labels in society is very deliberate. In one paragraph, you need to explain the ways in which the government in DADOES?
What is the npv of a investment opportunity : The investment will produce the same after-tax cash inflows of 472,800 per year at the end of the year for 9 years. What is the MIRR of an investment
What is the mirr of an investment : The investment will produce the same after-tax cash inflows of 472,800 per year at the end of the year for 9 years. What is the MIRR of an investment
How much money have you accumulated for your retirement : How much money have you accumulated for your retirement? Your account pays you 13.18 percent per year, compounded annually.
Make the new staff feel accepted : What strategies (specific actions) will make the new staff feel accepted, supported and part of the team.
Explain the impact of globalisation : Explain the impact of globalisation on both large business as STARBUCKS coffee shop and small business as CAFFE NERO coffee shop
New market of electrical appliances : Suppose you are the CEO of Motorola Solutions and about to enter a new market of electrical appliances.
How to improve your credit score without debt : Explain your understanding of the video " How to improve your credit score without debt" by Dave Ramsey. What is the important lesson about credit score

Reviews

Write a Review

Finance Basics Questions & Answers

  Why does monthly payment plan have less total cash outflow

Sam Hinds, a local dentist, is going to remodel the dental reception area and add two new workstations. He has contacted A-Dec, and the new equipment.

  What is the investment yield

Suppose there is a U.S. Treasury auction for 91-day bill and the highest rate bid is 1.162%. What is the price per $100 to 4 decimal places?

  Complexities of the us financial system

The U.S. financial system has many complexities, and it is impacted by several environmental factors, including federal regulations and the economy.

  Capital structure analysis-capital budgeting analysis

Capital Structure Analysis, Capital Budgeting Analysis and form Funding Growth Strategies for Target (TGT)

  What is the bond capital gain or loss yield

A 10-year, 12% semiannual coupon bond with a par value of $1,000 may be called in 4 years. What is the bond capital gain or loss yield

  Expected annual cost of the current maintenance policy

The fire department has a number of failures with oxygen masks & is  Assessing its  possibility of outsourcing the preventive maintenance to the manufacturer.

  What is the remaining margin in the account

Old Economy Traders opened an account to short sell 1,000 shares of Internet Dreams at $40 per share. The initial margin requirement was 50%. (The margin accoun

  Bear stearns and the repo market

Bear Stearns and the Repo Market : - Explain the lesson to be learned about the repo market based on the experience of Bear Stearns.

  What is the compound growth rate of dividends

Assume a retention ratio of 0.45 and a historical return on equity (ROE) of 0.18. Using these two additional pieces of information, calculate an alternative estimate of dividend growth rate, g.

  What is javon real rate of return on cpp benefits

Javon's marginal tax rate is 35%. The tax rate on dividend income is 15%. What is Javon's real rate of return on CPP benefits

  Effective annual interest rate (in percent) on the loan

Suppose a borrower receives a 30 year CPM at 5% annually for 30 years for $450,000 but  must pay 3 points at origination. Assuming the loan is held to maturity and payments are to be made monthly, which of the following is the effective annual intere..

  What is the nominal annual percentage cost

What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?

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