User Account

All Pages

Withdraw every period after retirement

Assignment Help HR Management
Reference no: EM133109534

Your client just turned 25 years old today, and she is planning to retire when she turns 60.

She will be depositing $10,000 every year into her bank account. The first deposit will be one year from today, and the last deposit will be on her 60th birthday. In addition, she plans to make a one-time deposit into her bank account in the amount of $100,000 on the day when she turns 45.

After retirement, your friend would like to withdraw a fixed amount of money every year. The first withdrawal will take place one year after her retirement, and the last one will be on her 90th birthday.

The relevant interest rate is 5% per year compounded annually. How much will your friend be able to withdraw every period after retirement? Show your calculation.

Reference no: EM133109534

Questions Cloud

Explain why the irr rule is equivalent to the nv rule : Explain why the IRR rule (considering projects with IRR greater than the discount rate) is equivalent to the NV rule (considering positive value for NPV)
Indifferent between investing in the t-bill : As a fresh student of MFIN668 you are considering investing your saving in (either): (i) A mutual fund with a 7% front-end load and expense ratio of 1.5% (charg
Portfolio forming the tangency point : Suppose you have an economy with only two risky assets X and Y. You are given the following information:
How much should each class of shares receive : Total shareholders' equity $1,720,000. If the preferred shares are cumulative and fully participating, how much should each class of shares receive
Withdraw every period after retirement : Your client just turned 25 years old today, and she is planning to retire when she turns 60.
What is the stated annual rate of interest on the bonds : DeKay Dental Supplies issued $10,000 of 20-year bonds on January 1, 2021. What is the stated annual rate of Interest on the bonds
Businesses will encounter ethical problems : Businesses will encounter ethical problems. Hence, business owners/manager should be prepared by having an ethical code in their organization.
Asses the cost of equity for the firm : A firm has a leverage beta of 1.6 and a D/E ratio of 1. the firm long term target -leverage is D/E target = 0.5. Assuming that: the corporate rate is 50% the ex
Calculate the discounted payback period : A project has an initial cost of $700. Incremental cashflows are estimated to be $170 each year for 6 years. Using a discount rate of 8%, calculate the discount

Reviews

Write a Review

HR Management Questions & Answers

  Compute kimm total standard cost per unit

Manufacturing overhead. Overhead is applied at a rate of $5.10 per direct labor hour. Compute Kimm's total standard cost per unit.

  What are the key issues of managing change

1. What are the key issues of managing change? 2. Analyze the elements of change management process.

  What are some legal and ethical factors to ensure dignity

What are some legal and ethical factors to ensure dignity, client rights, professional boundaries, and an abuse-free environment when providing home and communi

  How do these method impact data analysis

Discuss the production costing method(s) used by your chosen company. Do you feel that these method(s) are appropriate? Why? How do these method(s) impact data analysis?

  Advantages and limitations of recruiting people

Sourcing is done to identify and locate high-potential people who will later be recruited by the organisation. The quality and quantity of a company's new hires

  Prepare a plan to implement the change

You are a leader in a large organization. There is a need to implement a new method of tracking sales which will involve a major change of process.

  Employers can prevent workplace violence

Do you agree or disagree with this position? Why, or why not? Explain your rationale, and offer ways that employers can prevent workplace violence

  After watching cy wakeman''s reality based

After watching Cy Wakeman's Reality Based Leadership and Undercover Boss Checkers, thoughtfully respond to the following in 500-750 words:

  Main approaches to internal controls

There are three main approaches to internal controls: detective, preventative and corrective. With relevant examples explain any TWO types of control used

  Prepare a presentation on international travel company

Create a Microsoft PowerPoint presentation that includes the following:A minimum of 6 slides and a maximum of 8 slides.A minimum of three slide layouts, pleasing to the eye and easy to read.Two or more clip art pieces or photos, one WordArt object, A..

  Establishing the compensation plan

You are in charge of establishing the compensation plan for IT personnel in the Washington, DC area. In setting the compensation plan, you can choose to be a ma

  What are some ways you might overcome the challenges

How do economic and governmental factors affect the availability of qualified healthcare professionals? What are some ways you might overcome these challenges.

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