User Account

All Pages

What annual pension will he be able to draw

Assignment Help Accounting Basics
Reference no: EM132533610

Question - Boris has $100,000 in his superannuation fund and will contribute an additional $15,000 to the fund per year, until he retires in 25 years' time. Following retirement, he intends to draw an annual pension from the fund for 30 years. What annual pension will he be able to draw, if the return on the fund is 5% p.a. with annual compounding?

a. $30,899

b. $35,151

c. $53,076

d. $46,571

e. None of the other answers is correct

Reference no: EM132533610

Questions Cloud

What is a share in Moxon worth : The firm is expected to pay a dividend of $3.50 per share, in perpetuity. What is a share in Moxon worth, if the company's shareholders expect to earn 9% p.a.
How transnational strategy used : How Transnational Strategy used in M.A.C Cosmetics Company?
Difference between hype and true innovation : How can you tell the difference between hype and true innovation?
What is the christian concept of the imago dei : What is the Christian concept of the imago Dei? How might it be important to health care, and why is it relevant? The response must be typed.
What annual pension will he be able to draw : Following retirement, he intends to draw an annual pension from the fund for 30 years. What annual pension will he be able to draw
Create journal entry to record transfer of the cost of goods : Create journal entry to record the transfer of the cost of goods completed and transferred out during May. Rigby Ltd accumulates costs
Define what value does a human person have : According to your worldview, what value does a human person have? How does your position affect your stance on controversial bioethical issues.
What will the monthly installments be : After paying a deposit of $400,000, you took a 20-year home-loan from your bank. What will the monthly installments be
How does theory determine or influence each recommendation : How does the theory determine or influence each of their recommendations for action? What theory do you agree with? Why? How would that theory determine.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What would happen to the required return on the company

Using the proceeds to retire $10 million worth of equity, what would happen to the firm's WACC? What would happen to the required return on the company

  What is the return on common stockholders equity

A certain corporation had a net income of $76,785, So what is the return on common stockholders equity

  Uses the equity method

Assuming Alison uses the equity method, what balance should appear in the Investment in Holister account as of December 31, 2015?

  Calculate the total number of hours for each type of staff

Calculate the total number of hours for EACH type of professional staff in 2002. Calculate the total compensation for EACH type of professional staff for 2002.

  What is the dollar value of its ending inventory

Assume that Tack uses a periodic FIFO inventory system. What is the dollar value of its ending inventory

  Some of these resources include household surveys

Statistical measures of crime can be collected through several different resources. Some of these resources include household surveys, through hospital records, and law enforcement agencies. Once this information is gathered and reported to the FB..

  Prepare journal entries for issuance of preferred stock

Prepare the journal entries for the Issuance of preferred stock for land, Issuance of common stock for cash and Purchase of common treasury stock for cash.

  Calculate the projects npv irr and payback

Assume a 15% discount rate on this project. Calculate the project's NPV, IRR, and payback. Should the project be accepted?

  Determine carrying amount and record impairment loss

Determine carrying amount and record impairment loss. Calculate the equipment's carrying amount at December 31, 2017 (after recording the annual depreciation)

  Describe the history of a FASB Project

Describe the history, current status, and adoption implications of a Financial Accounting Standards Board ongoing project.The FASB has several ongoing projects

  Identify which fraud exposure the risk falls under ma

For each of the following red flags, identify whichfraud exposure the risk falls under: management anddirectors(MA), relationships with others.

  Determine the amount of retained earnings as of march

Determine the amount of retained earnings as of March 1 of the current year - Kean Dry Cleaners is owned and operated by Wally Lowman.

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