User Account

All Pages

Bank account to achieve her retirement goal

Assignment Help Business Economics
Reference no: EM13740691

Lisa plans to retire on her 61st birthday. On her 22nd birthday, Lisa will start savin $A per year for 40 years. Starting on her 62nd birthday, Lisa plans on withdrawing $10000 and will continue these annual with drawls until the account is exhausted on her 85th birthday. If Lisa's bank account pays 3% per year, what annual amount of $A will Lisa need to invest in her bank account to achieve her retirement goal?

Reference no: EM13740691

Questions Cloud

Selection and description of organization : Select a business organization from the Fortune 500 which is of interest to you and ensure that you will be able to obtain the necessary information about its strategy, business model, and performance (much of this information can be obtained from..
Wholesale skim milk market is perfectly competitive : Assume that the wholesale skim milk market is perfectly competitive. Suppose demand is described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium quantity?
Elements of employee well-being : Assume you are an HR director for a manufacturing company. Your responsibilities address all elements of employee well-being, which include compliance with the Occupational Safety and Health Administration and include employee benefits and relatio..
Equilibrium price and consumer surplus : Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium price, quantity and consumer surplus?
Bank account to achieve her retirement goal : Lisa plans to retire on her 61st birthday. On her 22nd birthday, Lisa will start savin $A per year for 40 years. Starting on her 62nd birthday, Lisa plans on withdrawing $10000 and will continue these annual with drawls until the account is exhausted..
Components of an international compensation program : Discuss the key components of an international compensation program. Give an example of one of these components and how it has affected a company of your choice.
Marginal rate of substitution of football tickets : Charlie has $ 1000 to allocate between football tickets and movie tickets over the year. The price of each football ticket is $50, and the price of each movie ticket is $10. His marginal rate of substitution of football tickets for movie tickets equa..
How managers can take up overseas tasks : Your e-mail message should also include at least three recommendations on how managers can take up overseas tasks with minimum transition problems. State the rationale for your recommendations
What will be the quantity demanded of rice : The price elasticity for rice is estimated to be -0.4 and the income elasticity is 0.8. At a price of $0.40 per pound and a per capita income of $20,000, the demand for rice is 50 million tons per year. If per capita income increases to $20,500, what..

Reviews

Write a Review

Business Economics Questions & Answers

  Explain the long-run effect of an increase in nominal money

Explain the long-run effect of an increase in nominal money supply on the amount of real money balances available in the economy.

  Qassume a consumer has preferences represented by the

q.assume a consumer has preferences represented by the utility function uxy minx3y. assume px 1 and py 2. draw the

  High propensity to consume or lower

What are the MPC and APC all about? Compare and contrast these concepts? is it better to have a high propensity to consume or lower? Which people fit the high versus the low category?

  Q youve been on your lunch break for less than 45 minutes

q. youve been on your lunch break for less than 45 minutes when your boss orders you to return to work immediately or

  Effect on the level of checkable deposits

Illustrate what will be the effect on the level of checkable deposits.

  Mc cure for guns in terms of the production of butter

Draw the MC cure for Guns in terms of the production of butter. If the economy produces 3000 guns per day, how much butter can it produce per day.

  What monthly cost would be equivalent to the riginal schedul

If the machine could instead be leased for two years for some monthly payment (paid at the beginning of each month), what monthly cost would be equivalent to the original schedule of payments?

  Slow-growth recovery due to a decline in investment

The U.S. economy fell into a recession in 2001 and then proceeded into a slow-growth recovery due to a decline in investment. A. Explain how a change in investment can have a big impact on GDP causing a national recession.

  Cash demand does not depend on the expected rate

How do your previous answers change in the special case where cash demand does not depend on the expected rate of inflation

  To what extent to do you agree/disagree with the actions of

To what extent to do you agree/disagree with the actions of the central banks during this time?

  Why are conclusions drawn about voter sociology

Assume which an innovation reduces a industry's fixed costs also reduces cost from ATC to ATC. Before the innovation reduced the cost, the industry's maximum economic profit was

  Find out the ash equilibrium outcomes to this game

Find out the ash equilibrium outcomes to this game. Illustrate which of the equilibrium outcomes is most reasonable.

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