You advise her to invest it in the stock market

Assignment Help Financial Management

Reference no: EM131863688

Your client is 22 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save $3,000 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 7% in the future. If she follows your advice, how much money will she have at 65? Round your answer to the nearest cent. $ How much will she have at 70? Round your answer to the nearest cent. $ She expects to live for 20 years if she retires at 65 and for 15 years if she retires at 70. If her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement at each retirement age? Round your answers to the nearest cent. Annual withdrawals if she retires at 65: $ Annual withdrawals if she retires at 70: $

Reference no: EM131863688

Questions Cloud

What are the challenges of managing it infrastructure : Explain how using a competitive forces model and calculating the TCO of technology assets help firms make good infrastructure investments.

Unbiased expectations theory : Unbiased Expectations Theory. One-year Treasury bills currently earn 1.30 percent. what should the current rate be on 2-year Treasury securities.

What are the stereotypes of private security officers : What are the stereotypes of private security officers? Why do they exist? Are they justified?

What is argument for thinking that god can create morality : What does it mean to say that if God is dead, everything is permitted? What is an argument for thinking that only God can create morality?

You advise her to invest it in the stock market : She can save $3,000 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 7% in the future.

Why do many believe the criminal justice system : Why do many believe the criminal justice system must be streamlined? Is restorative justice even possible at the federal level? Why or why not?

Please choose a forensic scientist : Please choose a Forensic Scientist that has either helped make a case or exonerate someone using their specialty.

Happy about pulling the midnight shift : You are a waitress (or waiter) in an all-night diner and are not too happy about pulling the midnight shift. Every evening, luckily, police officers

How successful has novartis been : What has been Novartis' approach for grown in foreign markets, and how successful has Novartis been?

User Account

All Pages