Kim is determining her retirement plan consider she has

Assignment Help Financial Accounting

Reference no: EM13370468

Kim is determining her retirement plan. Consider she has $500,000 when she retires in an account that earns at an effective annual rate of 9 percent.

a If Kim withdraws $75,000 yearly, how long will her funds last?

b To make funds last 25 years, evaluate how much can Kim withdraw yearly?

c Kim is considering a two phase withdrawal where she withdraws $60,000 yearly for 10 years, and then $35,000 thereafter when social security starts. How long will her funds last consider that the 9% rate of return (EAR) is accurate for both phases of the retirement plan.

Reference no: EM13370468

Questions Cloud

Show a production process for a product that you think : show a production process for a product that you think would involve spoilage being sure to address the subsequent

The subsequent are selected 2012 transactions of darby : the subsequent are selected 2012 transactions of darby corporation.1st sept purchased inventory from orion company on

Blake romney became chief executive officer of peters inc 2 : blake romney became chief executive officer of peters inc. 2 years ago. at the time the corporation was reporting

Phipps manufactures circuit boards in division a in a : phipps manufactures circuit boards in division a in a country with a 30 percent income tax rate and transfers them to

Kim is determining her retirement plan consider she has : kim is determining her retirement plan. consider she has 500000 when she retires in an account that earns at an

Nellie is determining a potential bond purchase that seller : nellie is determining a potential bond purchase that seller purchased 12 years ago for 4000. the bond matures 8 years

Casco co planned to produce and sell 40000 unites at that : casco co. planned to produce and sell 40000 unites. at that volume level variable costs are evaluated to be 320000

On 1st january forrester county is holding investments for : on 1st january forrester county is holding investments for tinsel town valued at 500000 in an investment pool accounted

The motor vehicle repair fund of laramee county gives : the motor vehicle repair fund of laramee county gives centralized repair for county-owned vehicles. for the subsequent

User Account

All Pages