You are planning to save for retirement over the next 30

Reference no: EM13618977

You are planning to save for retirement over the next 30 years. To do this, you will invest $890 a month in a stock account and $490 a month in a bond account. The return of the stock account is expected to be 10.9 percent, and the bond account will pay 6.9 percent. When you retire, you will combine your money into an account with a 7.9 percent return.

How much can you withdraw each month from your account assuming a 25-year withdrawal period?

Reference no: EM13618977

Questions Cloud

If the maximum tension the cable can withstand is 100n and : at t0 a disk with mass 3kg is placed on a spinning platform. the disk slides and begins to accelerate. if the maximum

Use the four steps of testing hypothesis at 005 level of : sample surveys conducted in a large county in a certain year and again 20 years later showed that originally the

Determine an appropriate summertime indoor design : determine an appropriate summertime indoor design temperature for an exercise area located within an office complex.

Assume that customers arrive completely randomly one at a : the manager of the hippon drug store is remodeling his facility and is considering three ways of organizing his

You are planning to save for retirement over the next 30 : you are planning to save for retirement over the next 30 years. to do this you will invest 890 a month in a stock

Given the following changes in current assets and current : given the following changes in current assets and current liabilities what is the change in nwc? the change in accounts

Air is compressed in a piston-cylinder device from 90 kpa : air is compressed in a piston-cylinder device from 90 kpa and 20 degrees c to 400 kpa in a reversible isothermal

Smaltzs capital structure is comprised of 75 equity based : smaltz enterprises is currently involved in its annual review of the firms cost of capital. historically the firm has

The temperature at the end of the isentropic expansion : the compression ratio of an air-standard ideal otto cycle is 10. prior to the isentropic compression process the air is

User Account

All Pages