User Account

All Pages

Withdraw funds from the account

Assignment Help Business Management
Reference no: EM131092124

Your uncle has $340,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, starting at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end?

Reference no: EM131092124

Questions Cloud

What is the effective annual rate : The monthly statement from your bank credit card shows that the annual rate of interest is 21%. What is the effective annual rate (EAR) of interest you are being charged on your credit card? Assume monthly compounding.
What is its intrinsic value : You figure that the company's growth rate of 4% per year will continue well into the future. The company's last dividend (Do) was $1.00 per share. You require an 8% return on this stock. What is its intrinsic value? Should you buy it?
Present value of the net working capital : What is the present value of the net working capital recovered at the end of the project? What is the present value of the operating cash flow? What is the NPV?
Is it same thing that causes your friends and family stress : What causes you stress? Is it the same thing that causes your friends and family stress? Stressors are highly personal and can vary widely between individuals. For example, in 2001, Marc Prensky divided the world into two groups: digital natives a..
Withdraw funds from the account : He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end?
Interest rate would you earn : Suppose the U.S. Treasury offers to sell you a bond for $3,000. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $4,000. What interest rate would you earn if you bought this bond at the offer..
Good method for projecting : What assumption is made when you use Linear Regression for projecting next year's sales? Do you think this is a good method for projecting next year's sales - explain?
Difference between gaap and ifrs : Discuss the difference between GAAP and IFRS as they pertain to component depreciation, fair value of long lived assets, research and development, and revaluation of intangible assets.
Ability to cut employee benefit costs : As HR director at Crangle Fixtures, your bonus this year is based on your ability to cut employee benefit costs. Your boss has said that it's okay to shift some of the costs over to employees

Reviews

Write a Review

Business Management Questions & Answers

  It is extremely common to assign network hosts

It is extremely common to assign network hosts a default gateway either manually on each machine or automatically through DHCP services.

  Identification of the problem

Explain the six steps for an effective decision makings a. Identification of the Problem b. Definition of the Problem

  Explain the cost object and key activities

Activity based costing is a system that gathers overhead expenses for organization activities, and then assigns those costs back to items, services, sections, sales territories or other cost objects.

  Determine how application pools will help to reduce costs

Determine how application pools will help to reduce costs. Be specific in your configuration specifications. Formulate how using AD groups and NTFS permissions should best be configured for security and appropriate access.

  Federalism and the individualdescribe how is policy

federalism and the individualdescribe how is policy development affected by federalism.discuss the rights of

  A vision of what you are striving for as a leader

Remember that it is neither important, nor helpful, that we all strive for a common ideal. It is, however, both important and helpful to have a personal ideal, a vision of what you are striving for as a leader, and an anchor to return to when t..

  Explain research and compare the cases of quinlan

Explain Research and compare the cases of Quinlan and Cruzan and Please provide a detailed outline and introduction paragraph

  What are the specific content requirements of typical

1. What are the specific content requirements of typical business plan models

  What is the purpose of peer group ratio comparison

1. What is the purpose of peer group ratio comparison? Write a short paragraph on the each of the following ratios: "Core deposits to total assets," "Loans to deposits," and "Loan commitments to total assets." What is each ratio's relationship to liq..

  Estimates the change in productivity

The number of defective items produced has dropped from 10 pieces per day to 1 per day. The production facility operates strictly eight hours per day. Estimates the change in productivity for Aztec using the new assembly process.

  Describe what is included and excluded in bad debts

Discussion was thorough and included topics such as cost shifting and higher private insurance rates. Used more than one authoritative resource to support stakeholder identification. Research extended beyond the textbook.

  Community juvenile delinquency prevention efforts

Identify at least two (2) juvenile delinquency reduction efforts/programs currently in operation in your community. Determine the main sociological theories that underlie these interventions that shape your community's public policy for delinquency ..

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