Reference no: EM131829920
You are trying to decide how much to save for retirement. Assume you plan to save $4,000 per year with the first investment made one year from now. You think you can earn 11.5?% per year on your investments and you plan to retire in 27 ?years, immediately after making your last $4,000 investment.
a. How much will you have in your retirement account on the day you? retire?
b.? If, instead of investing $4,000 per? year, you wanted to make one? lump-sum investment today for your retirement that will result in the same retirement? saving, how much would that lump sum need to? be?
c. If you hope to live for 20 years in? retirement, how much can you withdraw every year in retirement? (starting one year after? retirement) so that you will just exhaust your savings with the 20th withdrawal? (assume your savings will continue to earn 11.5?% in? retirement)?
d.? If, instead, you decide to withdraw $125,000 per year in retirement? (again with the first withdrawal one year after? retiring), how many years will it take until you exhaust your? savings? (Use? trial-and-error, a financial? calculator: solve for? "N", or? Excel: function? NPER)
e. Assuming the most you can afford to save is $ 800 per? year, but you want to retire with $1,000,000 in your investment? account, how high of a return do you need to earn on your? investments? (Use? trial-and-error, a financial? calculator: solve for the interest? rate, or? Excel: function? RATE)
|
Without any growth in foreseeable future
: RosenBall, ASA expects a cash-equivalent EBIT of 200 without any growth in the foreseeable future.
|
|
Suppose that the joint distribution of x
: Suppose that the joint distribution of X and Y is uniform over the region in the xy-plane bounded by the four lines x = - 1, x-I, Y = x + I
|
|
What you have learned throughout the given course
: Write a paper that integrates what you have learned throughout this course, and describe and discuss 4-6 important competencies that you need to have.
|
|
What is the probability that the casino
: On each hand, the high roller will win $1 with probability 0.48 and lose $1 with probability 0.52. After the 500 hands, what is the probability that the casino
|
|
Decide how much to save for retirement
: You are trying to decide how much to save for retirement. How much will you have in your retirement account on the day you? retire?
|
|
Effort studying the amount of time cars
: Fast food restaurants devote a lot of effort studying the amount of time cars spend in their drive-throughs. Obviously, the faster cars get through
|
|
Decide whether she should rent or buy house
: Arya got a new job in Charlotte. She is trying to decide whether she should rent or buy a house. Because her contract is for five years,
|
|
Options for producing a narrower interval
: "This interval is too wide to be of any practical value." What are your options for producing a narrower interval.
|
|
How would characterize the style of each
: Select at least three examples of writing from different kinds of sources, such as a government Web site, a textbook, a popular magazine, and a novel.
|