subject
Business, 12.08.2019 21:20 tahmidtaj150

Derek plans to retire on his 65th birthday. however, he plans to work part-time until he turns 72.00. during these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. exactly one year after the day he turns 72.0 when he fully retires, he will begin to make annual withdrawals of $100,585.00 from his retirement account until he turns 94.00. after this final withdrawal, he wants $1.69 million remaining in his account. he he will make contributions to his retirement account from his 26th birthday to his 65th birthday. to reach his goal, what must the contributions be? assume a 7.00% interest rate.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 04:30
The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?
Answers: 3
question
Business, 22.06.2019 06:20
James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u.s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.
Answers: 2
question
Business, 22.06.2019 11:00
Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified
Answers: 3
question
Business, 22.06.2019 14:00
The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:
Answers: 2
You know the right answer?
Derek plans to retire on his 65th birthday. however, he plans to work part-time until he turns 72.00...
Questions
question
Mathematics, 27.10.2020 18:40
question
Mathematics, 27.10.2020 18:40