User Account

All Pages

Working before he hits the retirement age

Assignment Help Business Management
Reference no: EM131203863

An individual, who is currently 30 years old, wants to work until he is 65 and plans on dying at the age of 85. Assuming that the current interest rate is 5% (and the rate is going to hold for the life of the individual), answer the following questions:'

1) How much will the individual have to amass by the time he is 65 if he plans on spending $40,000 per year while retired and until he dies?

2) How much will the individual have to set aside each year while working before he hits the retirement age?

Reference no: EM131203863

Questions Cloud

Price elasticity of demand for movie tickets : 1. A popular restaurant charges lower prices for alcoholic drinks in the late afternoon (4-6pm), but offers no such discounts at lunchtime or on weekends.  What is different about demand characteristics for the same product at the same location bu..
Compute gross income from merchandise sales : Selma operates a contractor's supply store. She maintains her books using the cash method. At the end of the year, her accountant computes her accrual basis income that is used on her tax return. For 2015, Selma had cash receipts of $1.4 million, whi..
Write the mesh equations using the format approach : For the bridge of given figure:- Write the mesh equations using the format approach. - Determine the current through R5.
Calculate the total value of your investment : Determine the total value of your investment. Provide your final opinion / assessment of your investments. Did you make money or lose money? Discuss your results and, based on hindsight, describe what you would do differently.
Working before he hits the retirement age : 1) How much will the individual have to amass by the time he is 65 if he plans on spending $40,000 per year while retired and until he dies? 2) How much will the individual have to set aside each year while working before he hits the retirement age..
Determine the total amount of manufacturing overhead cost : For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called LEC 90 that has become increasingly popular. Deter..
Design and size a reactor to produce 20 kt/y of acrogenic : Estimate the reactor cooling requirement for a plant that produces 20,000 metric tons per year (20 kt/y) of acrolein if the reactor is operated isothermally.
Work out the total output per day : a. Work out the total output per day for the entrepreneurs? b. Who has the absolute advantage in producing hats & shoes per hour c. Who has the comparative advantage in producing Hats?
Deduct all state taxes paid on her federal income tax return : Tammy, a resident of Virginia, is considering whether to purchase a North Carolina bond that yields 4.6% before tax. She is in the 35% Federal marginal tax bracket and the 5% state marginal tax bracket. Which of the two options will provide the great..

Reviews

Write a Review

Business Management Questions & Answers

  Conflict management design and intrapersonal conflict

Explain how you will apply the conflict management process and show how intrapersonal conflict can be reduced.

  Explain how management might decide whether to focus

Explain how management might decide whether to focus on short term or long term goals and how that decision impacts the organization.

  Characteristics researchers ascribe to global leaders

Prepare a forum post and discuss one of the characteristics in terms of how you believe the characteristic is important and should be applied by global leaders.

  Impact of the capital budgeting decision

What's the significance of recognizing the time value of money in the long term impact of the capital budgeting decision?

  What is the current price of the bond

12 years ago Marco Chip Inc. issued 30-year to maturity zero-coupon bonds with a par value of $1,000. The bond has yield to maturity of 9.3%, compounded semi-annually. What is the current price of the bond? Round the answer to two decimal places

  Advantages and two risks to using social media

Define at least two advantages and two risks to using social media to sell computers to business customers.

  Businesses protect or hire security

How can businesses protect or hire security to protect workers?

  Decentralized structure for the organization

Eamer received a decentralized structure for the organization. Healing center chiefs were basically given a monetary objective and complete independence in their operations. Eamer voyaged an awesome arrangement and utilized an organization plane t..

  Professional or personal situation

Can you think of an example, in either a professional or personal situation, when you (or someone you know) made a decision based on assumptions related to gender stereotypes rather than based on empirical evidence or known facts? Tell us about it..

  Illustrate what is the overall reliability of the product

Ten of the components have a 1/10,000 chance of failure. Five have a 3/10,000 chance for failure. Four have a 4/10,000 chance for failure. One component has a 1/100 chance for failure. Illustrate what is the overall reliability of the product?

  Illustrate what are components of a common marketing plan

Illustrate what are the components of a common marketing plan. Explain why is it important have a strategic marketing plan. Elucidate how does the type of product or service affect the marketing strategy.

  Supervisory management -stephen p robbins david a

supervisory management -stephen p. robbins david a. decenzocan you help me with the following project?assignment

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