subject
Business, 25.06.2019 08:30 talanna394

You are planning your retirement in 10 years. you currently have $169,000 in a bond account and $609,000 in a stock account. you plan to add $7,100 per year at the end of each of the next 10 years to your bond account. the stock account will earn a return of 10.75 percent and the bond account will earn a return of 7.25 percent. when you retire, you plan to withdraw an equal amount for each of the next 21 years at the end of each year and have nothing left. additionally, when you retire you will transfer your money to an account that earns 6.5 percent. how much can you withdraw each year in your retirement? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) annual withdrawal amount $

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:50
Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th?
Answers: 1
question
Business, 21.06.2019 21:30
An office manager is concerned with declining productivity. despite the fact that she regularly monitors her clerical staff four times each day—at 9: 00 am, 11: 00 am, 1: 00 pm, and again at 3: 00 pm—office productivity has declined 30 percent since she assumed the helm one year ago. would you recommend that the office manager invest more time monitoring the productivity of her clerical staff? explain.
Answers: 3
question
Business, 21.06.2019 23:00
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12,500 are payable at the beginning of each year. each is a finance lease for the lessee. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) situation 1 2 3 4 lease term (years) 3 3 3 3 asset’s useful life (years) 3 4 4 6 lessor’s implicit rate (known by lessee) 14 % 14 % 14 % 14 % residual value: guaranteed by lessee 0 $ 5,000 $ 2,500 0 unguaranteed 0 0 $ 2,500 $ 5,000 purchase option: after (years) none 2 3 3 exercise price n/a $ 7,500 $ 1,500 $ 3,500 reasonably certain? n/a no no yes
Answers: 1
question
Business, 22.06.2019 02:40
Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.
Answers: 3
You know the right answer?
You are planning your retirement in 10 years. you currently have $169,000 in a bond account and $609...
Questions
question
Spanish, 10.03.2021 22:50
question
Mathematics, 10.03.2021 22:50
question
Mathematics, 10.03.2021 22:50
question
Geography, 10.03.2021 22:50