Maurice Tutor

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About Maurice Tutor

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

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 08 Oct 2017 My Price 10.00

image text c.

Can someone explain to me how to get all these answers!

 

Image for c. If you hope to live for 30 years in retirement, how much can you withdraw every year in retirement (startin

Show transcribed image text c. If you hope to live for 30 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 30th withdrawal (assume your savings will continue to earn 7.5% in retirement)? The amount you can withdraw every year in retirement is $33,407.62. (Round to the nearest cent) d. If instead, you decide to withdraw $79,000 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) You will exhaust your savings in 6.50 years. (Round to two decimal places) e. Assuming the most you can afford to save is $900 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) You will need a return of 21.65%. (Round to two decimal places.)

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Oct 2017 08:10 PM My Price 10.00

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