User Account

All Pages

How much will you need to save per month

Assignment Help Accounting Basics
Reference no: EM133027870

Question - You want to retire in 30 years and be able to withdraw the equivalent of $90,000 per year (in today's dollars) from a retirement fund. Assume 3% inflation. You plan to be retired for 20 years. Assuming you can earn 12% on your investments BEFORE retirement and 7% on your investments DURING retirement, how much will you need to save per month in order to be able to fund this retirement?

Reference no: EM133027870

Questions Cloud

Develop operational plan project : Develop operational plan project - Strategic Plan to identify all the actions that will need to be completed to achieve the College's objectives
What is the operating leverage : BSA Company reported P240,000 total fixed costs, P18 sales price per unit, P12 variable cost per unit. At 50,000 units, what is the operating leverage
Discuss the concept of a balanced scorecard : Discuss the concept of a balanced scorecard as an alternative approach to measuring business performance through key performance indicators
Explain the purpose of a Strategic Plan : Explain the purpose of a Strategic Plan and an Operational Plan, and the role of an Operational Plan in achieving the organisation's objectives.
How much will you need to save per month : You want to retire in 30 years and be able to withdraw the equivalent of $90,000 per year. How much will you need to save per month
What is the total shareholders equity on December : On November 20, 2019, Bassig sold 4,000 treasury shares at P10 per share. What is the total shareholders' equity on December 31, 2019
What is the quick ratio : Souvenirs Pty Ltd has a current ratio of 3:1 and current liabilities of $15000. If Souvenirs Ltd has $10000 of inventory, what is the quick ratio
Prepare an income statement for the year : The adjusted trial balance at December 31 2019 includes: Owners Capital $16,900, Owner's Drawings $7,200, Prepare an Income statement for the year
What is the value of Stacker stock : Stacker Weight Loss currently pays an annual year-end dividend of $1.40 per share. What is the value of Stacker stock

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the july bank reconciliation for pennywise

The bank statement showed that the bank took $20 out of the PennyWise account for service charges in July. Prepare the July bank reconciliation for PennyWise

  Journalize entries by Silverman Enterprises to record sale

Journalize the entries by Silverman Enterprises to record the February 18 sale. If an amount box does not require an entry, leave it blank

  Determine effects of transactions on the accounting equation

Describe the relationship between financial statements and the supplemental components in an annual report. Determine the effects of transactions on accounting

  Accounting for a long-term construction-type contract

accounting for a long-term construction-type contract using the percentage-of completion method the gross profit

  What effect does the rental encompass on dillons itemized

dillon rented his personal residence at lake tahoe for 14 days while he was vacationing in ireland. he resided in the

  Describe how an impairment of a security is accounted for

A signature assignment is designed to align with specific program student learning outcome(s) for a program. Program Student Learning Outcomes are broad.

  Determine the amount of net cash flow

Explain any differences between net income and net cash flow from operating activities.

  Find how much sale revenue recognize for discalced barefoote

DISCALCED BAREFOOTED NAKASAKASAKA Supermarket, Inc. During the period, DISCALCED made total sales of ?40M to cardholders How much sales revenue is recognized?

  Why do some businesses resort to such measures

What might be the consequences of faking fans? How do you feel about companies and their brands pretending that they have actual traffic on their sites?

  Create a contribution margin income statement

Fixed costs for 2021 are expected to be 5,000,000 and are allocated evenly to each product line. Create a contribution margin income statement

  Calculate the indicated ratios for barry

Data for Barry Computer Company and its industry averages follow. Construct the extended Du Pont equation for both Barry and the industry.

  Conan obrien logging and lumber company owns 3300 acres of

conan obrien logging and lumber company owns 3300 acres of timberland on the north side of mount leno which was

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