User Account

All Pages

How much you will receive in your retirement annuity

Assignment Help Accounting Basics
Reference no: EM133187049

Question - The bank expert advised you to save at least 6% of your income before tax deduction. Accordingly, this will allow you to maintain a similar lifestyle at your retirement age. Your gross income (income before tax) is R800 000 per annum. Likewise, you save the recommended amount into an annuity by way of yearly payments. The saved amount earns 12% interest, compounded annually. Calculate how much you will receive in your retirement annuity when you retire in 40 years' time.

Reference no: EM133187049

Questions Cloud

Three-step writing process to write email messages : You need to provide essential information for the parent to decide. Please adapt and use the three-step writing process to write email messages.
Kinds of value corporation can create to society : The core argument of Business and Society is that corporations serve a broad public purpose: to create value for society. In addition to making a profit for the
List down two national and international trending : List down two national and international trending digital business firms and two faded business firms for the past 3- years.
Challenges and ethical dilemmas must also be identified : Choose a case study from the case studies given and you are then required to develop and deliver an 8 - 10 minute PPT
How much you will receive in your retirement annuity : The saved amount earns 12% interest, compounded annually. Calculate how much you will receive in your retirement annuity
Are there other factors that need to be considered : What would be the effects on financial statements and a flexible budget if management takes this approach? Are there other factors that need to be considered
Validate the impact of terrorism on security management : Validate the impact of terrorism on security management in terms of access control and pre-employment screening.
Identify the professional code of ethics : Identify the professional code of ethics for your professional specialty or a specialty that you are interested in, describe the decision criteria
Assignment on team leadership : You have been shortlisted for the position as a trainee consultant. The HR Manager wants to find out more about your team leadership skills. Using Hill's model

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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