Martinakom

Not Rated (0)

$12/per page/Negotiable

About Martinakom

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Architecture and Design,Biology,Business & Finance,Calculus,Chemistry,Computer Science,Geology Hide all
Teaching Since: Jul 2017
Last Sign in: 399 Weeks Ago, 1 Day Ago
Questions Answered: 5023
Tutorials Posted: 5024
Category > Business & Finance Posted 16 Aug 2017 My Price 5.00

B is 55 years old and is planning to retire at age 62. She wants to have a retirement income from that point until age 85.

Ms. B is 55 years old and is planning to retire at age 62. She wants to have a retirement income from that point until age 85. She projects that she will need $5,000 per year during her retirement to supplement her other retirement income. In addition, she wants to leave an inheritance of $25,000 each to her four grandchildren. She has accumulated a nest egg $25,000 at this point. Assume that she can invest at a 9% annual rate in the pre-retirement period, that her funds can be invested at a 10% annual rate after retirement, and that contributions and withdrawals occur at the end of each year. If you use a financial calculator to solve, show all keystrokes and values input (e.g. FV = $XXX, PMT = $YYY, etc.) 

 

a. Sketch the time line of the cash flows for this problem

 

b. Does she have enough accumulated at this point to find her plan?

 

c if she does not have enough, how much must she save each year for the next 7 years in order to fund her plan?

Answers

Martinakom
Not Rated (0)
Status NEW Posted 16 Aug 2017 04:08 PM My Price 5.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- Â-----------  -----------Tha-----------nk -----------you----------- fo-----------r y-----------our----------- in-----------ter-----------est----------- an-----------d b-----------uyi-----------ng -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------. P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll -----------be -----------qui-----------ckl-----------y

Not Rated(0)