What annual amount will you be able to withdraw

Assignment Help Econometrics

Reference no: EM13208260

You decide to open an individual retirement account (IRA) at your local bank that pays 8 percent/year compounded annually. At the end of each of the next 40 years, you will deposit $4,000 into the account. Three years after your last deposit, you will begin making annual withdrawals. What annual amount will you be able to withdraw if you want the withdrawals to last a) 20 years? b)forever?

Reference no: EM13208260

Questions Cloud

Design a program that ask for the price of each item : Design a program that ask for the price of each item, and then displays the subtotal of the sale, the amount of sales tax and the total. Assume the sales tax is 6 percent. Need help with this question.

Explain hexane has a negligible absorbance : Hexane has a negligible absorbance above 200nm. S sample of Hexane containing 20.0 mg/L of an aromatic compound (MW=114.3 as impurity had an absorbance value of 0.351 at 254 nm in a 2.00 cm pathlength cuvet

Plan the logic for a program for the sales manger : plan the logic for a program for the sales manger of the couch potato furniture company. The manger needs a program to determine the profit on any item sold. Input includes the wholesale price and retail price for an item.

Write a program that implements binary search first using : To understand the value of recursion in a programming language write a program that implements binary search first using recursion and without recursion.

What annual amount will you be able to withdraw : You decide to open an individual retirement account (IRA) at your local bank that pays 8 percent/year compounded annually. At the end of each of the next 40 years, you will deposit $4,000 into the account. Three years after your last deposit.

Explain what is value of the potential of the half reaction : A solution is 0.05 M in Cr2O7^-2 and 0.003 M in Cr3-. If the pH is 4.0, What is value of the potential of the half reaction?

Assume that the input to each statement is the same : Assume that the input to each statement is the same: 5 28 36 a. cin >> x >> y >> ch; b. cin >> ch >> x >> y; c. cin >> x >> ch >> y; d. cin >> x >> y; cin.get(ch);

How is money supply affected if central bank prints sheckels : Currency held by the public is 1000 sheckels, bank reserves are 200 sheckels, and the desired reserve-deposit ratio is 0.2. What is the money supply How is the money supply affected if the central bank prints 100 sheckels

Can the capability also be used to install windows 7 : What Windows Server 2008 capability enables them to do the mass installation quickly and efficiently? What general steps are involved in setting up this capability? Can the capability also be used to install Windows 7 on the 24 new client workstat..

User Account

All Pages