How much money will she have when she is 65 years old

Assignment Help Financial Management

Reference no: EM131883525

1. A 22-year-old student wants to save $4 a day for her retirement. Every day she places $4 in a drawer. At the end of the year, she invests the accumulated savings ($1,460) in a brokerage account with an expected annual return of 12%. How much money will she have when she is 65 years old?

2. If the above people plan to deplete their retirement for 30 years (that is live until 95years old) how much money will they be able to withdraw every year during retirement? (that is assuming they keep the money in the same investment fund which generates 12% interest.

Reference no: EM131883525

Questions Cloud

Outline and explain the strategies : As a classroom teacher, outline and explain the strategies that you will employ to motivate your students to learn.

What is the payback period : The after-tax cash flows are expected to be $83 each year for 13 years. What is the payback period?

How much will she have in her account after 25 years : ACME has a management contract with its newly hired president. The contract requires a lump sum payment of $25 million be paid to the president .

What is the total labor efficiency variance : The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of dollar 198,000. What is the total labor efficiency variance?

How much money will she have when she is 65 years old : A 22-year-old student wants to save $4 a day for her retirement. Every day she places $4 in a drawer.

What type of survey method the researcher could use : Some critics of television complain that the amount of violence shown on television contributes to violence in our society.

Calculate the net operating income : The interest portion of the mortgage payments and the depreciation are given below for each of the next 3 years.

Compute journal entries for the given transactions : All other estate assets are to be liquidated with the resulting cash going to the First Church of Freedom. Compute journal entries for the above transactions.

Difference between persuasive and coercive power : Spears and Lawrence, p. 153 state, Central to Servant-Leadership is power and its use and they illustrate this by using Greenleaf's discussion.

User Account

All Pages