Retires to be able to withdraw the desired amount

Assignment Help Financial Management

Reference no: EM131303371

When Dany retires, she wants to withdraw $15,000 every quarter from her savings for a period of 25 years. How much money must Dany have in the bank when she retires to be able to withdraw the desired amount? She earns 2 percent on his savings while retired.

Reference no: EM131303371

Questions Cloud

What will a bond be worth on the day it matures : What will a bond be worth on the day it matures? In general, the ex ante risk-return tradeoff. The independent, quasi-judicial agency of the U.S. government that administers laws in the securities field and protects investors and the public in securi..

Find the uniform annual series of seven payments : Find the uniform annual series of seven payments that would be equivalent to the following series: $500 initially, with a $50 increment per year, for a total of 7 years. the interest rate is 12% compounded annually.

Reasonable guess for the expected market risk premium : Suppose you forecast that the standard deviation of the market return will be 20% in the coming year. If the measure of risk aversion in Equation 5.17 is A = 4, what would be a reasonable guess for the expected market risk premium? What will happen t..

Offered two options for a severance package : Your annual salary is $100,000. You are offered two options for a severance package. Option 1 pays you six months' salary now. Option 2 pays you and your heirs $6,000 per year forever (first payment at the end of this year). If your required return i..

Retires to be able to withdraw the desired amount : When Dany retires, she wants to withdraw $15,000 every quarter from her savings for a period of 25 years. How much money must Dany have in the bank when she retires to be able to withdraw the desired amount?

Interest in a partnership : If Mike purchase the interest in a partnership from Carl for $11,000, and Carl contributed the land for $6000 and the next year the parntership sells the land for only $5,400 what is the tax consequence to Mike the new partner?

Excluding interest earned on interest : Interest-on-Interest Consider a $1,600 deposit earning 5 percent interest per year for 8 years. How much total interest is earned on the original deposit (excluding interest earned on interest)?

Impose a redemption fee that declines over time : Which of the following types of mutual fund shares typically does not charge a front-end sales charge but does impose a redemption fee that declines over time? A corporate bond with a rating of BBB- is considered to be which of the following? An orde..

No-loads charge no sales fee because : Bonds trade on an accrual interest basis. This means an investor: No-loads charge no sales fee because:

User Account

All Pages